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Archive
- 9/4/2026 -
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Materials Select Sector SPDR (XLB) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Materials Select Sector SPDR (XLB). During the week, the XLB dropped -0.74 points, or -1.39%, and closed at 52.44 on Friday, September 4, 2026. It was the worst weekly loss since July 31, 2026. XLB was trading at average weekly trading volume.
 Long-term trend: [See XLB long-term trend chart]
A long-term uptrend had started on November 4, 2025 at 42.04 and reached 54.19 on August 24, 2026. XLB gained -12.15 points, or -28.90%, in 41 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 51.51 and resistance is at 52.78. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See XLB medium-term trend chart]
A medium-term uptrend had started on July 21, 2026 at 49.85 and reached 54.19 on August 24, 2026. XLB gained -4.34 points, or -8.71%, in 4 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (52.99) 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. XLB 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 XLB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since August 21, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See XLB short-term trend chart]
A short-term downtrend had started on August 24, 2026 at 54.19 and reached 51.98 on September 4, 2026. XLB lost 2.21 points, or 4.08%, in 11 days. The price is now at the 20.81% retracement level.
 Daily Technical Indicators: [See XLB daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily 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.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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.
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