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Archive
- 3/21/2025 -
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SPDR Retail (XRT) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week after 4 consecutive negative weeks for the SPDR Retail (XRT). During the week, the XRT gained 1.51 points, or 2.24%, and closed at 69.04 on Friday, March 21, 2025. It was the best weekly gain since January 24, 2025. Weekly volume was 19% above average.
 Long-term trend: [See XRT long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 26.29 and reached 104.26 on November 16, 2021. XRT gained -77.97 points, or -296.58%, in 86 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 76.60 and resistance is at 25.73. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See XRT medium-term trend chart]
A medium-term uptrend had started on June 1, 2023 at 56.20 and reached 84.84 on November 25, 2024. XRT gained -28.64 points, or -50.96%, in 77 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 62.77 and resistance is at 88.81. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See XRT weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since January 10, 2025. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See XRT short-term trend chart]
A short-term downtrend had started on January 30, 2025 at 81.98 and reached 66.07 on March 13, 2025. XRT lost 15.91 points, or 19.41%, in 42 days. The chart has formed a Broadening Descending Wedge chart pattern.
 Daily Technical Indicators: [See XRT daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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