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Financial Select Sector SPDR (XLF) |
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Financial Select Sector SPDR (XLF). During the week, the XLF dropped -0.51 points, or -1.56%, and closed at 32.09 on Friday, May 26, 2023. Weekly volume was -11% below average.
 Long-term trend: [See XLF long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 5.88 and reached 41.70 on January 13, 2022. XLF gained -35.82 points, or -609.18%, in 670 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (33.63) 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 long-term trend.
 Medium-term trend: [See XLF medium-term trend chart]
A medium-term downtrend had started on February 7, 2023 at 37.11 and reached 30.39 on March 24, 2023. XLF lost 6.72 points, or 18.11%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (31.76) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See XLF weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 10, 2023. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See XLF short-term trend chart]
A short-term uptrend had started on March 24, 2023 at 30.39 and reached 33.53 on April 19, 2023. XLF gained -3.14 points, or -10.33%, in 26 days. The chart has formed a Symmetric Triangle chart pattern.
Daily Technical Indicators: [See XLF daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 4.49% on Friday. It is 56.53% lower than one year average. It indicates the period of low volatility of the stock price. 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 crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.
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