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Archive
- 5/29/2026 -
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Utilities Select Sector SPDR (XLU) Technical Analysis
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| Summary:
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| | It was the negative week for the Utilities Select Sector SPDR (XLU). During the week, the XLU dropped -0.93 points, or -2.05%, and closed at 44.42 on Friday, May 29, 2026. Weekly volume was -21% 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 43.10 and resistance is at 50.51. 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 Ascending Triangle chart pattern. The uptrend support line (47.01) 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 medium-term trend.
 Weekly Technical Indicators: [See XLU weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 1, 2026. Use the following link to access a MACD help.
 Short-term trend: [See XLU short-term trend chart]
A short-term downtrend had started on April 9, 2026 at 47.71 and reached 43.53 on May 18, 2026. XLU lost 4.18 points, or 8.76%, in 39 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 43.00 and resistance is at 46.81. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
Daily Technical Indicators: [See XLU daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 21, 2026. The distance between MACD and the signal line is low, but getting bigger.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 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.
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