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

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- 7/10/2026 -
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Materials Select Sector SPDR (XLB) Technical Analysis

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Summary:
Weekly :Trend support at 50.48
Daily :Williams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Materials Select Sector SPDR (XLB). During the week, the XLB dropped -1.12 points, or -2.15%, and closed at 50.89 on Friday, July 10, 2026. It was the worst weekly loss since May 15, 2026. Weekly volume was -7% 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 trend support level is at 50.65 and resistance is at 51.75. 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 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 price is near the trend support (50.48) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line 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 July 7, 2026 at 52.12 and reached 49.89 on July 8, 2026. XLB lost 2.23 points, or 4.28%, in 1 days. The price is now at the 44.84% 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.

The daily MACD line is below its signal line since July 7, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 43.45
Williams' Percentage Range (W%R) 88.20
Oversold
Lane's Stochastic (%D-Slow) 45.56
Greed/Fear Indicator (GFI) 33.61
Moving Average Converg./Diverg. (MACD) 0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.72
Williams' Percentage Range (W%R) 49.30
Lane's Stochastic (%D-Slow) 55.48
Greed/Fear Indicator (GFI) 51.43
Moving Average Converg./Diverg. (MACD) 1.19
Trading Signals
Description Value Chart
Monthly Trendline Resistance 55.16
Upper Bollinger Band 52.55
Parabolic System 52.08
Quarterly Trendline Resistance 51.75
Weekly Stochastic Crossing 51.49
20 Day Moving Average 51.44
50 Day Moving Average 51.19
Price 50.89
Daily Stochastic Crossing 50.66
Quarterly Trendline Support 50.65
Monthly Trendline Support 50.48
Lower Bollinger Band 49.78
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 52.12
High Date 07/07/2026
Low 49.89
Low Date 07/08/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 53.31
High Date 06/17/2026
Low 49.89
Low Date 07/08/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 55.16
Support 50.48
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 Valid
Resistance 51.75
Support 50.65
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.