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Uptrend ExhaustionArchive
- 2/6/2026 -
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Consumer Staples Select Sector SPDR (XLP) Technical Analysis
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| Summary:
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| | It was a fifth positive week after 3 consecutive negative weeks for the Consumer Staples Select Sector SPDR (XLP). During the week, the XLP gained 4.43 points, or 5.30%, and closed at 87.94 on Friday, February 6, 2026. Weekly volume was 116% above average.
 Long-term trend: [See XLP long-term trend chart]
A long-term uptrend had started on March 10, 2003 at 17.82 and reached 88.09 on February 6, 2026. XLP gained -70.27 points, or -394.33%, in 1195 weeks. Price is near the trend high.
 Medium-term trend: [See XLP medium-term trend chart]
A medium-term uptrend had started on November 6, 2025 at 75.16 and reached 88.09 on February 6, 2026. XLP gained -12.93 points, or -17.20%, in 13 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (77.13) 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 medium-term trend.
 Weekly Technical Indicators: [See XLP weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since December 12, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 February 4, 2026 at 86.22 and reached 88.09 on February 6, 2026. XLP gained -1.87 points, or -2.17%, in 2 days. The price is now at the 8.02% retracement level.
 Daily Technical Indicators: [See XLP daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range or strongly overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since January 8, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.
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