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SPDR Retail (XRT) |
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the SPDR Retail (XRT). During the week, the XRT dropped -0.93 points, or -1.56%, and closed at 58.55 on Friday, May 26, 2023. Weekly volume was 16% above average.
 Long-term trend: [See XRT long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 26.29 and reached 104.26 on November 16, 2021. XRT gained -77.97 points, or -296.58%, in 86 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 46.89 and resistance is at 69.74. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern 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 75.77 on February 2, 2023. XRT gained -20.44 points, or -36.94%, in 17 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (63.47) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. XRT may retest the broken support line. It is considered to be a resistance line now. 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 Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 17, 2023. 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 12, 2023 at 64.38 and reached 57.61 on May 26, 2023. XRT lost 6.77 points, or 10.52%, in 44 days. The price is now at the 13.88% retracement level.
 Daily Technical Indicators: [See XRT daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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