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Archive
- 6/6/2025 -
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Utilities Select Sector SPDR (XLU) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Utilities Select Sector SPDR (XLU). During the week, the XLU gave back -0.73 points, or -0.89%, and closed at 81.19 on Friday, June 6, 2025. Weekly volume was 25% above average.
 Long-term trend: [See XLU long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 22.48 and reached 83.41 on November 27, 2024. XLU gained -60.93 points, or -271.04%, in 820 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 56.70 and resistance is at 89.60. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See XLU medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 71.02 and reached 83.17 on June 3, 2025. XLU gained -12.15 points, or -17.11%, in 7 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (81.10) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.
 Weekly Technical Indicators: [See XLU weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 9, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See XLU short-term trend chart]
A short-term uptrend had started on May 22, 2025 at 79.17 and reached 83.17 on June 3, 2025. XLU gained -4.00 points, or -5.05%, in 12 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (82.55) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.
 Daily Technical Indicators: [See XLU daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since June 3, 2025. The distance between MACD and the signal line is low, but getting bigger.
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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