The Greedy Trader Weekly Analysis
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- 5/29/2026 -
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Industrial Select Sector SPDR (XLI) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the Industrial Select Sector SPDR (XLI). During the week, the XLI climbed 1.36 points, or 0.79%, and closed at 173.13 on Friday, May 29, 2026. Weekly volume was -33% below average.

Long-term trend: [See XLI long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 15.14 and reached 179.31 on March 2, 2026. XLI gained -164.17 points, or -1084.35%, in 886 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (102.60) 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 XLI medium-term trend chart]
A medium-term uptrend had started on September 30, 2022 at 82.75 and reached 179.31 on March 2, 2026. XLI gained -96.56 points, or -116.69%, in 178 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 126.61 and resistance is at 179.36. 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 XLI weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 20, 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 XLI short-term trend chart]
A short-term downtrend had started on May 7, 2026 at 177.72 and reached 168.11 on May 19, 2026. XLI lost 9.61 points, or 5.41%, in 12 days. The price is now at the 52.24% retracement level.

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

The daily MACD line is below its signal line since May 28, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.

During the last week, the price has moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.79
Williams' Percentage Range (W%R) 43.20
Lane's Stochastic (%D-Slow) 79.59
Greed/Fear Indicator (GFI) 62.07
Moving Average Converg./Diverg. (MACD) 0.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.55
Williams' Percentage Range (W%R) 24.70
Lane's Stochastic (%D-Slow) 75.64
Greed/Fear Indicator (GFI) 66.53
Moving Average Converg./Diverg. (MACD) 4.57
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 179.36
Upper Bollinger Band 176.24
Weekly Stochastic Crossing 173.96
Daily Stochastic Crossing 173.90
Price 173.13
20 Day Moving Average 172.87
50 Day Moving Average 169.95
Parabolic System 168.74
Lower Bollinger Band 168.69
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 177.72
High Date 05/07/2026
Low 168.11
Low Date 05/19/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 156.08
Low Date 03/30/2026
High 177.72
High Date 05/07/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 112.80
Low Date 04/07/2025
High 179.31
High Date 03/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 179.36
Support 126.61
Low 82.75
Low Date 09/30/2022
High 179.31
High Date 03/02/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 117.26
Support 102.60
Low 15.14
Low Date 03/06/2009
High 179.31
High Date 03/02/2026
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.