The Greedy Trader Weekly Analysis
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- 10/2/2026 -
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Industrial Select Sector SPDR (XLI) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range oversoldLane's Stochastic is strongly oversold
Daily :The price has fallen below the Parabolic SAR
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It was the negative week for the Industrial Select Sector SPDR (XLI). During the week, the XLI gave back -0.48 points, or -0.28%, and closed at 169.95 on Friday, October 2, 2026. Weekly volume was -24% 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 188.19 on August 5, 2026. XLI gained -173.05 points, or -1143.00%, in 908 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (104.40) 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 September 30, 2022 at 82.75 and reached 188.19 on August 5, 2026. XLI gained -105.44 points, or -127.42%, in 200 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 130.75 and resistance is at 192.14. 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 Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since August 21, 2026. The distance between MACD and the signal line is near its high and 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 September 17, 2026 at 171.51 and reached 166.18 on October 1, 2026. XLI lost 5.33 points, or 3.11%, in 14 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See XLI daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since September 22, 2026. The distance between MACD and the signal line is low, but getting bigger.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.08
Williams' Percentage Range (W%R) 58.10
Lane's Stochastic (%D-Slow) 38.49
Greed/Fear Indicator (GFI) 43.49
Moving Average Converg./Diverg. (MACD) -2.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.15
Williams' Percentage Range (W%R) 81.70
Oversold
Lane's Stochastic (%D-Slow) 9.33
Strong Oversold
Greed/Fear Indicator (GFI) 23.36
Moving Average Converg./Diverg. (MACD) 3.16
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 192.14
50 Day Moving Average 176.84
Upper Bollinger Band 174.83
Parabolic System 171.17
20 Day Moving Average 170.19
Price 169.95
Weekly Stochastic Crossing 168.22
Daily Stochastic Crossing 168.16
Lower Bollinger Band 167.10
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 171.51
High Date 09/17/2026
Low 166.18
Low Date 10/01/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 188.19
High Date 08/05/2026
Low 166.18
Low Date 10/01/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 112.80
Low Date 04/07/2025
High 188.19
High Date 08/05/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 192.14
Support 130.75
Low 82.75
Low Date 09/30/2022
High 188.19
High Date 08/05/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 119.05
Support 104.40
Low 15.14
Low Date 03/06/2009
High 188.19
High Date 08/05/2026
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.