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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- 5/22/2026 -
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SPDR Retail (XRT) Technical Analysis

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Summary:
Weekly :Broken trend support lineLane's Stochastic bullish divergence
Daily :Bearish Deliberation CandlestickStochastic has raised above the signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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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 3.45 points, or 4.36%, and closed at 82.54 on Friday, May 22, 2026. Weekly volume was 44% above average.

Long-term trend: [See XRT long-term trend chart]
A long-term uptrend had started on September 30, 2022 at 55.33 and reached 91.65 on January 22, 2026. XRT gained -36.32 points, or -65.64%, in 172 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 63.99 and resistance is at 92.24. 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 long-term trend.

Medium-term trend: [See XRT medium-term trend chart]
A medium-term uptrend had started on April 8, 2025 at 61.33 and reached 91.65 on January 22, 2026. XRT gained -30.32 points, or -49.44%, in 41 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (89.91) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See XRT weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 February 13, 2026. 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 April 21, 2026 at 89.01 and reached 77.86 on May 20, 2026. XRT lost 11.15 points, or 12.53%, in 29 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See XRT daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since April 28, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See XRT candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.16
Williams' Percentage Range (W%R) 53.60
Lane's Stochastic (%D-Slow) 45.29
Greed/Fear Indicator (GFI) 45.94
Moving Average Converg./Diverg. (MACD) -0.73
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.33
Williams' Percentage Range (W%R) 71.20
Lane's Stochastic (%D-Slow) 48.69
Bullish
Greed/Fear Indicator (GFI) 40.85
Moving Average Converg./Diverg. (MACD) 0.08 Bullish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 93.81
Quarterly Trendline Resistance 92.24
Monthly Trendline Support 89.91
Upper Bollinger Band 86.71
20 Day Moving Average 82.64
Weekly Stochastic Crossing 82.61
Price 82.54
50 Day Moving Average 82.35
Daily Stochastic Crossing 80.38
Parabolic System 78.55
Lower Bollinger Band 77.61
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 89.01
High Date 04/21/2026
Low 77.86
Low Date 05/20/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 91.65
High Date 01/22/2026
Low 77.86
Low Date 05/20/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 93.81
Support 89.91
Low 61.33
Low Date 04/08/2025
High 91.65
High Date 01/22/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 92.24
Support 63.99
Low 55.33
Low Date 09/30/2022
High 91.65
High Date 01/22/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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.