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

Archive
- 4/10/2026 -
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SPDR Retail (XRT) Technical Analysis

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Summary:
Weekly :Broken trend support lineLane's Stochastic is oversold
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtThe price moved above the moving average in the center of the Bollinger Bands
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It was a second positive week after 5 consecutive negative weeks for the SPDR Retail (XRT). During the week, the XRT gained 2.28 points, or 2.83%, and closed at 82.73 on Friday, April 10, 2026. It was the best weekly gain since February 6, 2026. Weekly volume was -23% 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 63.69 and resistance is at 91.64. 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 (86.87) 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 Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 January 22, 2026 at 91.65 and reached 77.92 on March 30, 2026. XRT lost 13.73 points, or 14.98%, in 67 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 76.37 and resistance is at 87.33. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See XRT daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since March 30, 2026. The distance between MACD and the signal line is relatively high and getting bigger.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.61
Williams' Percentage Range (W%R) 6.20
Strong Overbought
Lane's Stochastic (%D-Slow) 86.15
Overbought
Greed/Fear Indicator (GFI) 82.19
Overbought
Moving Average Converg./Diverg. (MACD) -1.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.53
Williams' Percentage Range (W%R) 53.60
Lane's Stochastic (%D-Slow) 16.12
Oversold
Greed/Fear Indicator (GFI) 35.04
Moving Average Converg./Diverg. (MACD) 0.75
Trading Signals
Description Value Chart
Monthly Trendline Resistance 93.04
Quarterly Trendline Resistance 91.64
Weekly Trendline Resistance 87.33
Monthly Trendline Support 86.87
Upper Bollinger Band 84.54
50 Day Moving Average 84.05
Daily Stochastic Crossing 83.39
Price 82.73
Parabolic System 81.36
20 Day Moving Average 80.43
Weekly Stochastic Crossing 79.92
Lower Bollinger Band 78.74
Weekly Trendline Support 76.37
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 77.92
Low Date 03/30/2026
High 84.32
High Date 04/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 87.33
Support 76.37
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 93.04
Support 86.87
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 91.64
Support 63.69
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.