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Uptrend Broken Support

Uptrend Broken Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.

Uptrend Broken Support

Archive
- 8/7/2026 -
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Industrial Select Sector SPDR (XLI) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtTrend resistance at 183.88
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice is near the Fibonacci 23.6% retracement levelThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Industrial Select Sector SPDR (XLI). During the week, the XLI gained 5.34 points, or 2.97%, and closed at 185.18 on Friday, August 7, 2026. It was the best weekly gain since April 10, 2026. Weekly volume was -29% 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 188.19 on August 5, 2026. XLI gained -173.05 points, or -1143.00%, in 908 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (103.59) 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 XLI medium-term trend chart]
A medium-term uptrend had started on September 30, 2022 at 82.75 and reached 188.19 on August 5, 2026. XLI gained -105.44 points, or -127.42%, in 200 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (183.88). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See XLI 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. 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 weekly MACD line is above its signal line since June 12, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See XLI short-term trend chart]
A short-term uptrend had started on July 30, 2026 at 175.96 and reached 188.19 on August 5, 2026. XLI gained -12.23 points, or -6.95%, in 6 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See XLI daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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) 65.07
Williams' Percentage Range (W%R) 22.40
Lane's Stochastic (%D-Slow) 82.62
Overbought
Greed/Fear Indicator (GFI) 75.10
Moving Average Converg./Diverg. (MACD) 0.90
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.06
Williams' Percentage Range (W%R) 8.50
Strong Overbought
Lane's Stochastic (%D-Slow) 71.46
Greed/Fear Indicator (GFI) 72.83
Moving Average Converg./Diverg. (MACD) 4.95
Trading Signals
Description Value Chart
Monthly Trendline Resistance 209.25
Upper Bollinger Band 187.61
Daily Stochastic Crossing 185.99
Price 185.18
Quarterly Trendline Resistance 183.88
Weekly Stochastic Crossing 183.03
20 Day Moving Average 181.35
50 Day Moving Average 179.73
Parabolic System 177.21
Lower Bollinger Band 176.57
Monthly Trendline Support 175.05
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 175.96
Low Date 07/30/2026
High 188.19
High Date 08/05/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 156.08
Low Date 03/30/2026
High 188.19
High Date 08/05/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 209.25
Support 175.05
Low 112.80
Low Date 04/07/2025
High 188.19
High Date 08/05/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 183.88
Support 128.89
Low 82.75
Low Date 09/30/2022
High 188.19
High Date 08/05/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 118.25
Support 103.59
Low 15.14
Low Date 03/06/2009
High 188.19
High Date 08/05/2026
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.