The Greedy Trader Weekly Analysis
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- 5/29/2026 -
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Health Care Select Sector SPDR (XLV) Technical Analysis

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Summary:
Weekly :
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineA Parabolic SAR indicator is above and near the price20 Day Moving Average has crossed above the 50 Day Moving Average
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It was the negative week for the Health Care Select Sector SPDR (XLV). During the week, the XLV gave back -0.42 points, or -0.28%, and closed at 149.47 on Friday, May 29, 2026. Weekly volume was -21% below average.

Long-term trend: [See XLV long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 21.63 and reached 160.59 on January 7, 2026. XLV gained -138.96 points, or -642.44%, in 878 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 132.25 and resistance is at 177.93. 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 XLV medium-term trend chart]
A medium-term uptrend had started on May 15, 2025 at 127.35 and reached 160.59 on January 7, 2026. XLV gained -33.24 points, or -26.10%, in 33 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 142.92 and resistance is at 177.67. 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 XLV weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 27, 2026. Use the following link to access a MACD help.

Short-term trend: [See XLV short-term trend chart]
A short-term uptrend had started on May 11, 2026 at 142.67 and reached 151.35 on May 28, 2026. XLV gained -8.68 points, or -6.08%, in 17 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See XLV daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. During the last week, daily 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 daily MACD line is above its signal line since May 11, 2026. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (148.19) comes close to the price (149.47). It indicates that the trend is getting weaker. 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 20 Day Moving Average 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.62
Williams' Percentage Range (W%R) 5.80
Strong Overbought
Lane's Stochastic (%D-Slow) 81.52
Overbought
Greed/Fear Indicator (GFI) 81.46
Overbought
Moving Average Converg./Diverg. (MACD) 0.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.80
Williams' Percentage Range (W%R) 52.30
Lane's Stochastic (%D-Slow) 38.57
Greed/Fear Indicator (GFI) 43.63
Moving Average Converg./Diverg. (MACD) 0.31
Trading Signals
Description Value Chart
Yearly Trendline Resistance 177.93
Quarterly Trendline Resistance 177.67
Upper Bollinger Band 151.57
Daily Stochastic Crossing 149.95
Price 149.47
Parabolic System 148.19
20 Day Moving Average 146.60
50 Day Moving Average 146.38
Weekly Stochastic Crossing 146.30
Lower Bollinger Band 143.22
Quarterly Trendline Support 142.92
Yearly Trendline Support 132.25
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 142.67
Low Date 05/11/2026
High 151.35
High Date 05/28/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 141.97
Low Date 04/29/2026
High 151.35
High Date 05/28/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 160.59
High Date 01/07/2026
Low 141.97
Low Date 04/29/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 177.67
Support 142.92
Low 127.35
Low Date 05/15/2025
High 160.59
High Date 01/07/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 177.93
Support 132.25
Low 21.63
Low Date 03/06/2009
High 160.59
High Date 01/07/2026
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.