The Greedy Trader Weekly Analysis
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Select Sector SPDR ETFs Technical Analysis - XLB

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- 7/2/2026 -
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Materials Select Sector SPDR (XLB) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Daily  MACD line has moved below its signal lineBroken trend resistance lineA Parabolic SAR indicator is below and near the price
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It was a first positive week for the Materials Select Sector SPDR (XLB). During the week, the XLB climbed 0.41 points, or 0.79%, and closed at 52.01 on Thursday, July 2, 2026. Weekly volume was -14% below average.

Long-term trend: [See XLB long-term trend chart]
A long-term uptrend had started on November 4, 2025 at 42.04 and reached 54.14 on February 12, 2026. XLB gained -12.10 points, or -28.78%, in 14 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (50.39) 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 XLB medium-term trend chart]
A medium-term uptrend had started on May 19, 2026 at 48.89 and reached 53.31 on June 17, 2026. XLB gained -4.42 points, or -9.04%, in 4 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 50.25 and resistance is at 54.54. 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 XLB weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 24, 2026. 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 XLB short-term trend chart]
A short-term downtrend had started on June 17, 2026 at 53.31 and reached 50.25 on June 29, 2026. XLB lost 3.06 points, or 5.74%, in 12 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (49.84) is broken. A broken support is considered to be a long-term bullish signal. 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 short-term trend.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

A Parabolic SAR (stop and reversal) indicator (52.2) comes close to the price (52.01). It indicates that the trend is getting weaker. 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) 55.77
Williams' Percentage Range (W%R) 51.10
Lane's Stochastic (%D-Slow) 38.11
Greed/Fear Indicator (GFI) 47.60
Moving Average Converg./Diverg. (MACD) 0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.85
Williams' Percentage Range (W%R) 37.00
Lane's Stochastic (%D-Slow) 58.79
Greed/Fear Indicator (GFI) 58.37
Moving Average Converg./Diverg. (MACD) 1.24
Trading Signals
Description Value Chart
Monthly Trendline Resistance 54.54
Upper Bollinger Band 52.91
Parabolic System 52.20
Price 52.01
Quarterly Trendline Resistance 51.87
Weekly Stochastic Crossing 51.44
20 Day Moving Average 51.33
50 Day Moving Average 51.26
Weekly Trendline Resistance 51.07
Daily Stochastic Crossing 51.02
Quarterly Trendline Support 50.39
Monthly Trendline Support 50.25
Weekly Trendline Support 49.84
Lower Bollinger Band 49.76
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 50.25
Low Date 06/29/2026
High 52.03
High Date 07/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 51.07
Support 49.84
High 53.31
High Date 06/17/2026
Low 50.25
Low Date 06/29/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 54.54
Support 50.25
Low 48.89
Low Date 05/19/2026
High 53.31
High Date 06/17/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 51.87
Support 50.39
Low 42.04
Low Date 11/04/2025
High 54.14
High Date 02/12/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.56
Low Date 04/08/2025
High 54.14
High Date 02/12/2026
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.