The Greedy Trader Weekly Analysis
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- 9/4/2026 -
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Consumer Staples Select Sector SPDR (XLP) Technical Analysis

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Summary:
Weekly :Price is near the Fibonacci 38.2% retracement level
Daily :The price has fallen below the Parabolic SARLane's Stochastic is oversoldPrice has crossed below the 50 Day Moving Average
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It was the negative week for the Consumer Staples Select Sector SPDR (XLP). During the week, the XLP dropped -0.87 points, or -1.02%, and closed at 84.58 on Friday, September 4, 2026. It was the worst weekly loss since July 24, 2026. Weekly volume was -39% below average.

Long-term trend: [See XLP long-term trend chart]
A long-term uptrend had started on November 6, 2025 at 75.16 and reached 90.14 on February 17, 2026. XLP gained -14.98 points, or -19.93%, in 14 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See XLP medium-term trend chart]
A medium-term uptrend had started on April 15, 2026 at 80.46 and reached 88.78 on July 28, 2026. XLP gained -8.32 points, or -10.34%, in 14 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 83.92 and resistance is at 87.66. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising 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 above its signal line since July 24, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 June 2, 2026 at 81.48 and reached 88.78 on July 28, 2026. XLP gained -7.30 points, or -8.96%, in 56 days. The chart has formed a Rising Wedge chart pattern.

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

The daily MACD line is below its signal line since August 26, 2026. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 49.50
Williams' Percentage Range (W%R) 76.60
Lane's Stochastic (%D-Slow) 12.20
Oversold
Greed/Fear Indicator (GFI) 28.38
Moving Average Converg./Diverg. (MACD) 0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.14
Williams' Percentage Range (W%R) 47.60
Lane's Stochastic (%D-Slow) 49.22
Greed/Fear Indicator (GFI) 50.20
Moving Average Converg./Diverg. (MACD) 0.74
Trading Signals
Description Value Chart
Weekly Trendline Resistance 87.66
Parabolic System 87.55
Upper Bollinger Band 86.87
Weekly Stochastic Crossing 85.74
20 Day Moving Average 85.56
50 Day Moving Average 85.03
Daily Stochastic Crossing 84.85
Price 84.58
Lower Bollinger Band 83.97
Weekly Trendline Support 83.92
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 81.48
Low Date 06/02/2026
High 88.78
High Date 07/28/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 87.66
Support 83.92
Low 80.46
Low Date 04/15/2026
High 88.78
High Date 07/28/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 75.16
Low Date 11/06/2025
High 90.14
High Date 02/17/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 65.18
Low Date 10/06/2023
High 90.14
High Date 02/17/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.82
Low Date 03/10/2003
High 90.14
High Date 02/17/2026
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.