The Greedy Trader Weekly Analysis
Sign In Sep 22, 2023
Skip Navigation Links
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 9/15/2023 -
Sign In to see current Signals.

Industrial Select Sector SPDR (XLI) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend resistance line
Daily :Lane's Stochastic is oversold
Move cursor over the icon to see details.

It was the negative week for the Industrial Select Sector SPDR (XLI). During the week, the XLI gave back -0.63 points, or -0.60%, and closed at 105.00 on Friday, September 15, 2023. Weekly volume was -12% below average.

Long-term trend: [See XLI long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 15.14 and reached 111.12 on August 1, 2023. XLI gained -95.98 points, or -633.95%, in 751 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (88.64) 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 long-term trend.

Medium-term trend: [See XLI medium-term trend chart]
A medium-term uptrend had started on March 24, 2023 at 95.19 and reached 111.12 on August 1, 2023. XLI gained -15.93 points, or -16.73%, in 18 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 98.69 and resistance is at 114.77. 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 medium-term trend.

Weekly Technical Indicators: [See XLI weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since September 1, 2023. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See XLI short-term trend chart]
A short-term downtrend had started on August 31, 2023 at 109.15 and reached 104.10 on September 13, 2023. XLI lost 5.05 points, or 4.63%, in 13 days. The price is now at the 17.82% retracement level.

Daily Technical Indicators: [See XLI daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily 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 daily MACD line is below its signal line since September 5, 2023. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.59
Williams' Percentage Range (W%R) 78.00
Lane's Stochastic (%D-Slow) 16.01
Oversold
Greed/Fear Indicator (GFI) 26.53
Moving Average Converg./Diverg. (MACD) -0.48
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.02
Williams' Percentage Range (W%R) 40.50
Lane's Stochastic (%D-Slow) 38.07
Greed/Fear Indicator (GFI) 49.26
Moving Average Converg./Diverg. (MACD) 2.32
Trading Signals
Description Value Chart
Monthly Trendline Resistance 114.77
Upper Bollinger Band 108.90
50 Day Moving Average 107.99
Parabolic System 106.64
20 Day Moving Average 106.51
Weekly Stochastic Crossing 106.39
Price 105.00
Daily Stochastic Crossing 104.63
Lower Bollinger Band 104.11
Yearly Trendline Resistance 103.29
Monthly Trendline Support 98.69
Yearly Trendline Support 88.64
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 109.15
High Date 08/31/2023
Low 104.10
Low Date 09/13/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 111.12
High Date 08/01/2023
Low 104.10
Low Date 09/13/2023
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 114.77
Support 98.69
Low 95.19
Low Date 03/24/2023
High 111.12
High Date 08/01/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 82.75
Low Date 09/30/2022
High 111.12
High Date 08/01/2023
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 103.29
Support 88.64
Low 15.14
Low Date 03/06/2009
High 111.12
High Date 08/01/2023
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.