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Uptrend SupportArchive
- 7/19/2024 -
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SPDR Retail (XRT) Technical Analysis
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| Summary:
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| | It was the negative week for the SPDR Retail (XRT). During the week, the XRT dropped -1.52 points, or -1.97%, and closed at 75.59 on Friday, July 19, 2024. Weekly volume was -9% below average.
 Long-term trend: [See XRT long-term trend chart]
A long-term downtrend had started on November 16, 2021 at 104.26 and reached 55.33 on September 30, 2022. XRT lost 48.93 points, or 46.93%, in 45 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (57.68) 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 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 80.10 on May 14, 2024. XRT gained -24.77 points, or -44.77%, in 84 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (58.82) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 XRT weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. 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 6, 2023 at 57.48 and reached 80.10 on May 14, 2024. XRT gained -22.62 points, or -39.35%, in 221 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (76.54) 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 short-term trend.
Daily Technical Indicators: [See XRT daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since July 10, 2024. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (75.11) comes close to the price (75.59). It indicates that the trend is getting weaker. 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 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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