The Greedy Trader Weekly Analysis
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Uptrend Support

Uptrend Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.

Uptrend Support

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- 10/23/2026 -
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SPDR Retail (XRT) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved above oversold area
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaRelative Strength Index, Lane's Stochastic and MACD bearish divergence
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It was a fifth consecutive positive week for the SPDR Retail (XRT). During the week, the XRT climbed 0.63 points, or 0.72%, and closed at 87.65 on Friday, October 23, 2026. Weekly volume was -10% below 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 Rising Wedge chart pattern. The trend support level is at 83.68 and resistance is at 95.41. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See XRT medium-term trend chart]
A medium-term uptrend had started on September 30, 2022 at 55.33 and reached 93.52 on August 5, 2026. XRT gained -38.19 points, or -69.02%, in 200 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 65.03 and resistance is at 95.41. 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 technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since September 4, 2026. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See XRT short-term trend chart]
A short-term uptrend had started on October 1, 2026 at 81.58 and reached 89.49 on October 23, 2026. XRT gained -7.91 points, or -9.70%, in 22 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See XRT daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since September 28, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.76
Bearish
Williams' Percentage Range (W%R) 14.40
Overbought
Lane's Stochastic (%D-Slow) 75.00
Bearish
Greed/Fear Indicator (GFI) 76.78
Moving Average Converg./Diverg. (MACD) 0.40 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.98
Williams' Percentage Range (W%R) 43.30
Lane's Stochastic (%D-Slow) 31.54
Greed/Fear Indicator (GFI) 45.10
Moving Average Converg./Diverg. (MACD) 0.23
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 95.41
Yearly Trendline Resistance 95.41
Upper Bollinger Band 90.00
Daily Stochastic Crossing 88.07
Price 87.65
Parabolic System 86.20
50 Day Moving Average 85.22
20 Day Moving Average 84.75
Weekly Stochastic Crossing 84.56
Yearly Trendline Support 83.68
Lower Bollinger Band 81.24
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 81.58
Low Date 10/01/2026
High 89.49
High Date 10/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 93.52
High Date 08/05/2026
Low 81.58
Low Date 10/01/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 77.86
Low Date 05/20/2026
High 93.52
High Date 08/05/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 95.41
Support 65.03
Low 55.33
Low Date 09/30/2022
High 93.52
High Date 08/05/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 95.41
Support 83.68
Low 26.29
Low Date 03/23/2020
High 104.26
High Date 11/16/2021
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.