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Select Sector SPDR ETFs Technical Analysis - XLBArchive
- 10/30/2026 -
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Materials Select Sector SPDR (XLB) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth positive week after 6 consecutive negative weeks for the Materials Select Sector SPDR (XLB). During the week, the XLB gained 1.43 points, or 2.79%, and closed at 52.74 on Friday, October 30, 2026. Weekly volume was -15% below 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 54.19 on August 24, 2026. XLB gained -17.63 points, or -48.22%, in 71 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 51.40 and resistance is at 55.51. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See XLB medium-term trend chart]
A medium-term uptrend had started on October 1, 2026 at 47.81 and reached 52.78 on October 30, 2026. XLB gained -4.97 points, or -10.40%, in 4 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (51.28) 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 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 September 4, 2026. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See XLB short-term trend chart]
A short-term uptrend had started on October 27, 2026 at 51.21 and reached 52.78 on October 30, 2026. XLB gained -1.57 points, or -3.07%, in 3 days. Price is near the trend high.
 Daily Technical Indicators: [See XLB daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily 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, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since October 5, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.
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