The Greedy Trader Weekly Analysis
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- 4/10/2026 -
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Utilities Select Sector SPDR (XLU) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overbought
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtDaily  MACD line has moved above its signal linePrice is near the Fibonacci 23.6% retracement level
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It was a third consecutive positive week for the Utilities Select Sector SPDR (XLU). During the week, the XLU gained 0.62 points, or 1.34%, and closed at 46.96 on Friday, April 10, 2026. Weekly volume was -30% below average.

Long-term trend: [See XLU long-term trend chart]
A long-term uptrend had started on October 6, 2023 at 27.39 and reached 47.80 on February 27, 2026. XLU gained -20.41 points, or -74.52%, in 125 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 42.30 and resistance is at 49.71. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See XLU medium-term trend chart]
A medium-term uptrend had started on January 7, 2026 at 41.74 and reached 47.80 on February 27, 2026. XLU gained -6.06 points, or -14.52%, in 7 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 45.18 and resistance is at 51.78. 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 medium-term trend.

Weekly Technical Indicators: [See XLU weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 13, 2026. This is an indication that the medium-term trend is up. 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 March 20, 2026 at 44.43 and reached 47.71 on April 9, 2026. XLU gained -3.28 points, or -7.38%, in 20 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See XLU daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 87.38
Overbought
Williams' Percentage Range (W%R) 19.70
Overbought
Lane's Stochastic (%D-Slow) 81.31
Overbought
Greed/Fear Indicator (GFI) 83.00
Overbought
Moving Average Converg./Diverg. (MACD) 0.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.78
Williams' Percentage Range (W%R) 12.20
Overbought
Lane's Stochastic (%D-Slow) 71.37
Greed/Fear Indicator (GFI) 73.12
Moving Average Converg./Diverg. (MACD) 0.82
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 51.78
Yearly Trendline Resistance 49.71
Upper Bollinger Band 47.84
Daily Stochastic Crossing 47.26
Price 46.96
Weekly Stochastic Crossing 46.77
20 Day Moving Average 46.15
Parabolic System 46.12
50 Day Moving Average 45.82
Quarterly Trendline Support 45.18
Lower Bollinger Band 44.66
Yearly Trendline Support 42.30
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 44.43
Low Date 03/20/2026
High 47.71
High Date 04/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 44.43
Low Date 03/20/2026
High 47.71
High Date 04/09/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 44.43
Low Date 03/20/2026
High 47.71
High Date 04/09/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 51.78
Support 45.18
Low 41.74
Low Date 01/07/2026
High 47.80
High Date 02/27/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 49.71
Support 42.30
Low 27.39
Low Date 10/06/2023
High 47.80
High Date 02/27/2026
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.