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

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- 3/13/2026 -
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Materials Select Sector SPDR (XLB) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved below overbought area
Daily :Relative Strength Index is oversold
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It was the negative week for the Materials Select Sector SPDR (XLB). During the week, the XLB dropped -0.67 points, or -1.34%, and closed at 49.19 on Friday, March 13, 2026. Weekly volume was 36% above average.

Long-term trend: [See XLB long-term trend chart]
A long-term uptrend had started on April 8, 2025 at 36.56 and reached 54.14 on February 12, 2026. XLB gained -17.58 points, or -48.09%, in 44 weeks. The price is now at the 28.16% retracement level.

Medium-term trend: [See XLB medium-term trend chart]
A medium-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 Broadening Ascending Wedge chart pattern. The trend support level is at 46.55 and resistance is at 55.33. 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. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since December 12, 2025. This is an indication that the medium-term trend is up. 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 February 27, 2026 at 53.49 and reached 48.60 on March 9, 2026. XLB lost 4.89 points, or 9.14%, in 10 days. The price is now at the 12.07% retracement level.

Daily Technical Indicators: [See XLB daily technical indicators chart]
Daily Relative Strength Index is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index. Use the following link to access Relative Strength Index help.

The daily MACD line is below its signal line since February 19, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 16.64
Oversold
Williams' Percentage Range (W%R) 72.20
Lane's Stochastic (%D-Slow) 23.35
Greed/Fear Indicator (GFI) 22.59
Moving Average Converg./Diverg. (MACD) 0.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.30
Williams' Percentage Range (W%R) 33.90
Lane's Stochastic (%D-Slow) 77.82
Greed/Fear Indicator (GFI) 67.23
Moving Average Converg./Diverg. (MACD) 1.50
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 55.33
Upper Bollinger Band 54.03
Weekly Stochastic Crossing 52.51
20 Day Moving Average 51.85
Parabolic System 50.80
50 Day Moving Average 50.41
Daily Stochastic Crossing 49.45
Price 49.19
Lower Bollinger Band 48.01
Quarterly Trendline Support 46.55
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 53.49
High Date 02/27/2026
Low 48.60
Low Date 03/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 53.75
High Date 02/25/2026
Low 48.60
Low Date 03/09/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.14
High Date 02/12/2026
Low 48.60
Low Date 03/09/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 55.33
Support 46.55
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.