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Archive
- 4/10/2026 -
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Consumer Staples Select Sector SPDR (XLP) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a third positive week after 3 consecutive negative weeks for the Consumer Staples Select Sector SPDR (XLP). During the week, the XLP climbed 0.48 points, or 0.59%, and closed at 82.37 on Friday, April 10, 2026. Weekly volume was -27% below average.
 Long-term trend: [See XLP long-term trend chart]
A long-term uptrend had started on October 6, 2023 at 65.18 and reached 90.14 on February 17, 2026. XLP gained -24.96 points, or -38.29%, in 123 weeks. The price is now at the 31.13% retracement level.
 Medium-term trend: [See XLP medium-term trend chart]
A medium-term downtrend had started on February 17, 2026 at 90.14 and reached 80.51 on March 25, 2026. XLP lost 9.63 points, or 10.68%, in 5 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 77.32 and resistance is at 89.77. A Broadening Descending 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See XLP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 27, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
Short-term trend: [See XLP short-term trend chart]
A short-term uptrend had started on March 25, 2026 at 80.51 and reached 83.64 on April 9, 2026. XLP gained -3.13 points, or -3.89%, in 15 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See XLP daily technical indicators chart]
Daily technical indicators are neutral.
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.
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