Select Sector SPDR ETFs Technical AnalysisArchive
- 1/7/2022 -
Sign In to see current Signals.
Industrial Select Sector SPDR (XLI)
Move cursor over the icon to see details.
|It was a third consecutive positive week for the Industrial Select Sector SPDR (XLI). During the week, the XLI climbed 0.68 points, or 0.64%, and closed at 106.49 on Friday, January 7, 2022. Weekly volume was -27% 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 107.88 on January 5, 2022. XLI gained -92.74 points, or -612.55%, in 669 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (77.15) 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 March 23, 2020 at 47.71 and reached 107.88 on January 5, 2022. XLI gained -60.17 points, or -126.12%, in 93 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 102.95 and resistance is at 107.37. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a medium-term trend.
Weekly Technical Indicators: [See XLI weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 below its signal line since November 26, 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 XLI short-term trend chart]
A short-term uptrend had started on December 20, 2021 at 99.57 and reached 107.88 on January 5, 2022. XLI gained -8.31 points, or -8.35%, in 16 days. The price is now at the 16.73% retracement level.
Daily Technical Indicators: [See XLI daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily 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 daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since December 23, 2021. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (106.28) comes close to the price (106.49). It indicates that the trend is getting weaker. 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.