The Greedy Trader Weekly Analysis
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- 10/16/2026 -
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Health Care Select Sector SPDR (XLV) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought20 Day Moving Average has crossed above the 50 Day Moving AverageThe price touches the upper Bollinger Band
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It was a second consecutive positive week for the Health Care Select Sector SPDR (XLV). During the week, the XLV gained 5.90 points, or 3.45%, and closed at 176.71 on Friday, October 16, 2026. It was the best weekly gain since August 21, 2026. Weekly volume was -18% below average.

Long-term trend: [See XLV long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 21.63 and reached 178.86 on October 15, 2026. XLV gained -157.23 points, or -726.91%, in 918 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 134.79 and resistance is at 181.47. 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 long-term trend.

Medium-term trend: [See XLV medium-term trend chart]
A medium-term uptrend had started on May 15, 2025 at 127.35 and reached 178.86 on October 15, 2026. XLV gained -51.51 points, or -40.45%, in 74 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 149.22 and resistance is at 194.57. 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 XLV weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 above its signal line since June 12, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See XLV short-term trend chart]
A short-term uptrend had started on October 8, 2026 at 165.19 and reached 178.86 on October 15, 2026. XLV gained -13.67 points, or -8.28%, in 7 days. The price is now at the 15.73% retracement level.

Daily Technical Indicators: [See XLV daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.

The daily MACD line is above its signal line since October 8, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

The price touches the upper Bollinger Band. 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 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.80
Williams' Percentage Range (W%R) 4.80
Strong Overbought
Lane's Stochastic (%D-Slow) 86.00
Overbought
Greed/Fear Indicator (GFI) 80.99
Overbought
Moving Average Converg./Diverg. (MACD) 0.60
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.01
Williams' Percentage Range (W%R) 2.00
Strong Overbought
Lane's Stochastic (%D-Slow) 56.08
Bearish
Greed/Fear Indicator (GFI) 71.14
Moving Average Converg./Diverg. (MACD) 4.81 Bearish
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 194.57
Monthly Trendline Resistance 193.04
Yearly Trendline Resistance 181.47
Price 176.71
Upper Bollinger Band 176.70
Daily Stochastic Crossing 176.49
Monthly Trendline Support 173.27
Weekly Stochastic Crossing 172.82
20 Day Moving Average 170.14
50 Day Moving Average 170.00
Parabolic System 169.63
Lower Bollinger Band 164.92
Quarterly Trendline Support 149.22
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 165.19
Low Date 10/08/2026
High 178.86
High Date 10/15/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 165.11
Low Date 09/11/2026
High 178.86
High Date 10/15/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 193.04
Support 173.27
Low 141.97
Low Date 04/29/2026
High 178.86
High Date 10/15/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 194.57
Support 149.22
Low 127.35
Low Date 05/15/2025
High 178.86
High Date 10/15/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 181.47
Support 134.79
Low 21.63
Low Date 03/06/2009
High 178.86
High Date 10/15/2026
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.