The Greedy Trader Weekly Analysis
Sign In May 15, 2026
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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

Archive
- 5/8/2026 -
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SPDR Retail (XRT) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :The price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the SPDR Retail (XRT). During the week, the XRT gave back -0.86 points, or -1.00%, and closed at 84.72 on Friday, May 8, 2026. Weekly volume was -11% below 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 63.89 and resistance is at 92.04. 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 (88.89) 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.

The weekly MACD line is below its signal line since February 13, 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 March 30, 2026 at 77.92 and reached 89.01 on April 21, 2026. XRT gained -11.09 points, or -14.23%, in 22 days. The chart has formed a Descending Triangle chart pattern.

Daily Technical Indicators: [See XRT daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since April 28, 2026. The distance between MACD and the signal line is low, but getting bigger.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.21
Williams' Percentage Range (W%R) 61.40
Lane's Stochastic (%D-Slow) 34.09
Greed/Fear Indicator (GFI) 35.95
Moving Average Converg./Diverg. (MACD) 0.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.00
Williams' Percentage Range (W%R) 51.60
Lane's Stochastic (%D-Slow) 57.51
Greed/Fear Indicator (GFI) 51.11
Moving Average Converg./Diverg. (MACD) 0.28
Trading Signals
Description Value Chart
Monthly Trendline Resistance 93.56
Quarterly Trendline Resistance 92.04
Monthly Trendline Support 88.89
Upper Bollinger Band 87.16
Parabolic System 85.61
20 Day Moving Average 85.17
Weekly Stochastic Crossing 84.84
Price 84.72
Daily Stochastic Crossing 84.57
50 Day Moving Average 83.03
Lower Bollinger Band 81.88
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Low 77.92
Low Date 03/30/2026
High 89.01
High Date 04/21/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 91.65
High Date 01/22/2026
Low 77.92
Low Date 03/30/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 93.56
Support 88.89
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 92.04
Support 63.89
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.