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Select Sector SPDR ETFs Technical Analysis

Archive
- 1/7/2022 -
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Financial Select Sector SPDR (XLF)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergence
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtPrice has crossed above the 50 Day Moving AverageThe price touches the upper Bollinger Band
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It was a third consecutive positive week for the Financial Select Sector SPDR (XLF). During the week, the XLF gained 2.12 points, or 5.43%, and closed at 41.17 on Friday, January 7, 2022. Weekly volume was 9% above average.

Long-term trend: [See XLF long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 5.88 and reached 41.27 on January 7, 2022. XLF gained -35.39 points, or -601.87%, in 670 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (30.95) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 XLF medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 17.49 and reached 41.27 on January 7, 2022. XLF gained -23.78 points, or -135.96%, in 93 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 40.07 and resistance is at 45.03. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See XLF weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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 and Williams' Percentage Range help.

The weekly MACD line is below its signal line since November 12, 2021. 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 XLF short-term trend chart]
A short-term uptrend had started on December 31, 2021 at 38.97 and reached 41.27 on January 7, 2022. XLF gained -2.30 points, or -5.90%, in 7 days. Price is near the trend high.

Daily Technical Indicators: [See XLF daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since December 22, 2021. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

The price touches the upper Bollinger Band. 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 advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 72.47
Williams' Percentage Range (W%R) 12.10
Overbought
Lane's Stochastic (%D-Slow) 86.97
Overbought
Greed/Fear Indicator (GFI) 82.46
Overbought
Moving Average Converg./Diverg. (MACD) 0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.10
Williams' Percentage Range (W%R) 9.30
Strong Overbought
Lane's Stochastic (%D-Slow) 51.00
Bearish
Greed/Fear Indicator (GFI) 66.08
Moving Average Converg./Diverg. (MACD) 1.04
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 45.03
Upper Bollinger Band 41.17
Price 41.17
Daily Stochastic Crossing 40.95
Parabolic System 40.12
Quarterly Trendline Support 40.07
50 Day Moving Average 39.42
Weekly Stochastic Crossing 39.41
20 Day Moving Average 39.24
Lower Bollinger Band 37.90
Yearly Trendline Resistance 37.26
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 38.97
Low Date 12/31/2021
High 41.27
High Date 01/07/2022
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 38.97
Low Date 12/31/2021
High 41.27
High Date 01/07/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.21
Low Date 12/20/2021
High 41.27
High Date 01/07/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 45.03
Support 40.07
Low 17.49
Low Date 03/23/2020
High 41.27
High Date 01/07/2022
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 37.26
Support 30.95
Low 5.88
Low Date 03/06/2009
High 41.27
High Date 01/07/2022
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.

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