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Archive
- 4/17/2025 -
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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 second consecutive positive week for the Consumer Staples Select Sector SPDR (XLP). During the week, the XLP gained 1.52 points, or 1.89%, and closed at 81.87 on Thursday, April 17, 2025. Weekly volume was 8% above 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 84.53 on September 16, 2024. XLP gained -19.35 points, or -29.69%, in 49 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 77.90 and resistance is at 84.31. 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 long-term trend.
 Medium-term trend: [See XLP medium-term trend chart]
A medium-term downtrend had started on March 10, 2025 at 84.35 and reached 75.61 on April 8, 2025. XLP lost 8.74 points, or 10.36%, in 4 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (81.97). 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 XLP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 14, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See XLP short-term trend chart]
A short-term downtrend had started on April 3, 2025 at 82.82 and reached 75.61 on April 8, 2025. XLP lost 7.21 points, or 8.71%, in 5 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (80.52) is broken. A broken support is considered to be a long-term bullish signal. 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 short-term trend.
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.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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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