The Greedy Trader Weekly Analysis
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- 4/10/2026 -
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Consumer Discretionary Select Sector SPDR (XLY) Technical Analysis

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Summary:
Weekly :Broken trend support lineLane's Stochastic is oversold
Daily :Williams' Percentage Range is strongly overboughtThe price moved above the moving average in the center of the Bollinger Bands
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It was a second positive week after 5 consecutive negative weeks for the Consumer Discretionary Select Sector SPDR (XLY). During the week, the XLY gained 4.74 points, or 4.38%, and closed at 112.89 on Friday, April 10, 2026. It was the best weekly gain since January 9, 2026. Weekly volume was -22% below average.

Long-term trend: [See XLY long-term trend chart]
A long-term uptrend had started on April 7, 2025 at 86.55 and reached 125.01 on January 12, 2026. XLY gained -38.46 points, or -44.44%, in 40 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (124.84) 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 long-term trend.

Medium-term trend: [See XLY medium-term trend chart]
A medium-term downtrend had started on January 12, 2026 at 125.01 and reached 105.19 on March 30, 2026. XLY lost 19.82 points, or 15.85%, in 11 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 102.91 and resistance is at 117.69. 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 medium-term trend.

Weekly Technical Indicators: [See XLY weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 Lane's Stochastic help.

The weekly MACD line is below its signal line since January 23, 2026. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See XLY short-term trend chart]
A short-term uptrend had started on March 30, 2026 at 105.19 and reached 113.46 on April 10, 2026. XLY gained -8.27 points, or -7.86%, in 11 days. The price is now at the 6.89% retracement level.

Daily Technical Indicators: [See XLY daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since March 31, 2026. This is an indication that the short-term trend is up.

During the last week, the price has moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.70
Williams' Percentage Range (W%R) 7.60
Strong Overbought
Lane's Stochastic (%D-Slow) 72.54
Greed/Fear Indicator (GFI) 75.54
Moving Average Converg./Diverg. (MACD) -1.67
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.46
Williams' Percentage Range (W%R) 60.60
Lane's Stochastic (%D-Slow) 17.45
Oversold
Greed/Fear Indicator (GFI) 32.93
Moving Average Converg./Diverg. (MACD) 0.35
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 127.53
Quarterly Trendline Support 124.84
Monthly Trendline Resistance 117.69
Upper Bollinger Band 114.89
50 Day Moving Average 114.07
Price 112.89
Daily Stochastic Crossing 111.80
20 Day Moving Average 109.76
Parabolic System 107.99
Weekly Stochastic Crossing 107.57
Lower Bollinger Band 106.57
Monthly Trendline Support 102.91
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 106.45
Low Date 04/07/2026
High 113.46
High Date 04/10/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 105.19
Low Date 03/30/2026
High 113.46
High Date 04/10/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 117.69
Support 102.91
High 125.01
High Date 01/12/2026
Low 105.19
Low Date 03/30/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 127.53
Support 124.84
Low 86.55
Low Date 04/07/2025
High 125.01
High Date 01/12/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 63.00
Low Date 12/28/2022
High 125.01
High Date 01/12/2026
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.