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Archive
- 5/29/2026 -
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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 the negative week for the Consumer Staples Select Sector SPDR (XLP). During the week, the XLP dropped -1.89 points, or -2.23%, and closed at 82.91 on Friday, May 29, 2026. It was the worst weekly loss since March 20, 2026. Weekly volume was -35% 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. The price is now at the 48.26% 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 80.46 on April 15, 2026. XLP lost 9.68 points, or 10.74%, in 8 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 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 April 15, 2026 at 80.46 and reached 86.70 on May 19, 2026. XLP gained -6.24 points, or -7.76%, in 34 days. The chart has formed a Rising Channel chart pattern.
Daily Technical Indicators: [See XLP daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has declined below 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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.
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