Category: Stock & ETF Research

XLU, the Utilities Select Sector SPDR Fund ETF has advanced +14.84% this past year, having gained +19.62% since it’s 52-week low in July of 2024, while sitting -2.78% below it’s 52-week high set in June of 2025 (all figures ex-distributions).

Much of their success has been due to the realization that the AI & data center boom is going to require a lot more energy than we currently produce, which is great for utility companies’ outlooks.

Some of their top holdings include NextEra Energy Inc. (NEE), The Southern Co. (SO), Constellation Energy (CEG), Duke Energy Corp. (DUK), Vistra Corp. (VST), American Electric Power (AEP), Sempra (SRE), Dominion Energy Inc. (D), Exelon Corp. (EXC) & Public Services Enterprise (PEG).

Given that the S&P 500 & NASDAQ are within striking distance of their all-time highs & the Russell 2000 has just poked its head out above the 200 day moving average (long-term trend line), it is worth taking a look at how XLU has performed historically, as in the event of a broader market pullback some market participants may use XLU as a temporary flight to safety.

Below is a brief technical analysis of XLU’s recent performance, along with an analysis of their volume sentiment at each price level they’ve traded at over the past ~4 years.

It is not financial advice, but rather an additional tool to reference while performing your own due diligence on XLU, as it shows how market participants have behaved previously at each price level.

This can be particularly useful when analyzing the strength/weakness of support/resistance levels.

Technical Analysis Of XLU, The Utilities Select Sector SPDR Fund ETF

Their RSI is just above the neutral level at 52.37, while their MACD has been bearish since the beginning of June.

Volumes have been +22.86% higher than the past year’s average levels over the past week & a half (13,121,428.57 vs. 10,679,920), which is slight cause for concern coming off of their 52-week high, which occurred on a not-so-bullish session.

Last Monday saw XLU open on a slight decline, just above the 10 day moving average’s support, which it tested intraday, but remained sturdy & forced XLU higher to close as an advancing session with sturdy advancing volume.

Tuesday began to show signs of cracks, as XLU opened on a large gap up to above their upper Bollinger band, hitting a high of $83.17 (52-week high) before crumbling down to $81.74/share & recovering during the day to close below its opening price at $82.40.

This showed a lot of intraday profit taking, as well as folks taking chips off of the table following the run up of the previous three sessions & set the stage for more profit taking heading into the end of the week.

Wednesday opened on a gap down & everyone was jumping out of the pool, forcing XLU’s price lower to break down the support of the 10 day moving average, breaking the short-term trend on the highest volume that XLU has seen since early April 2025.

Thursday opened higher, but the theme of declines carried on & XLU crossed below the 20 day moving average, leaving a lower shadow that indicated that there was more downside than upside sentiment still lurking.

Friday also showed a lack of enthusiasm for XLU, as a gap up open quickly broke down to expose a lower shadow that went down to new depths not seen since late May, indicating that there was beginning to be a sense of fear in the market.

Volumes were about even with the previous day’s outflow volume, and the resistance of the 10 day moving average remained resilient to the upside.

The day’s candle was a hanging man despite not being in a true uptrend & it closed below its opening price, indicating that there is more danger on the horizon for XLU.

Monday opened up on a gap down, tried to rally & test higher but was rejected by the resistance of the 10 day moving average, and it all went downhill from there to close the day out as a declining session on volumes that were higher than the previous two days’.

Tuesday opened on a gap up, but again was unable to gather any steam to the upside & reversed well short of the 10 DMA, before sliding down to $80.25 before closing at $80.86 as a doji candle, indicating that there was a bit of uncertainty in the air.

While the day managed to advance, it also formed a bearish harami cross, which when paired with the deep lower shadow looks like there is more downside appetite for XLU on the horizon.

It is also worth noting that there was a bit of intraday profit taking & cutting losses short, as the sessions volume suggests, but the overall sentiment is still not enthusiastic in the near-term.

To the upside, the 10 day moving average will be the primary area of focus, as if it is broke through then XLU has one remaining test before retesting their 52-week high.

The 10 DMA is also an area of interest in the consolidation case, where prices would oscillate around the range that they’ve been in the past few sessions & around the 10 DMA while awaiting an upside or downside catalyst.

To the downside there is a solid amount of support in the $79-79.99/share zone, but should that break down & the $78/share level be encroached we will see a test of the long-term moving average.

This is important as it marks long-term sentiment & outlook, while also having a great deal of Seller dominated zones directly beneath it (four of the next five down, with the one non Seller zone being historically gridlocked between Buyers & Sellers).

The table in the section below is worth reviewing to assess the strength of each price level XLU may trade at in the coming weeks-to-months & can be used as a tool for evaluating the strength/weakness of support/resistance levels when they get re-tested, based on XLU’s performance over the past ~4 years.

Again, recall that this is not financial advice, but is meant to serve as an additional tool to use in doing your own due diligence on XLU.

Price Level:Volume Sentiment Analysis For XLU, The Utilities Select Sector SPDR Fund ETF

The top table below shows the support & resistance levels of XLU from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~4 years, using Tuesday 6/10/2025’s closing data for their price & moving averages/other technicals.

The 10, 50 & 200 day moving averages are denoted with bold.

The next tables show the volume sentiment at each individual price level XLU has traded at over the past ~4 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLU.

The following section lays out XLU’s one year support/resistance levels, as well as their Buyer:Seller (Seller:Buyer) ratios at each price level that they’ve traded at over the past ~4 years, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

$84 – NULL – 0:0*, +3.88% From Current Price Level

$83 – NULL – 0:0*, +2.65% From Current Price Level

$82 – Buyers – 0.7:0*, +1.41% From Current Price Level

$81 – Buyers – 8:1, +0.17% From Current Price Level – 10 Day Moving Average*

$80 – Even – 1:1, -1.06% From Current Price Level – Current Price Level*

$79 – Buyers – 1.54:1, -2.3% From Current Price Level – 50 Day Moving Average*

$78 – Buyers – 1.79:1, -3.54% From Current Price Level – 200 Day Moving Average*

$77 – Sellers – 1.5:1, -4.77% From Current Price Level

$76 – Sellers – 2.17:1, -6.01% From Current Price Level

$75 – Even – 1:1, -7.25% From Current Price Level

$74 – Sellers – 1.8:1, -8.48% From Current Price Level

$73 – Sellers – 4:1, -9.72% From Current Price Level

$72 – Buyers – 1:0*, -10.96% From Current Price Level

$71 – Buyers – 6.5:1, -12.19% From Current Price Level

$70 – Buyers – 2.25:1, -13.43% From Current Price Level

$69 – Buyers – 1.54:1, -14.67% From Current Price Level

$68 – Sellers – 1.19:1, -15.9% From Current Price Level

$67 – Sellers – 1.2:1, -17.14% From Current Price Level

$66 – Buyers – 1.33:1, -18.38% From Current Price Level

$65 – Buyers – 1.47:1, -19.61% From Current Price Level

$64 – Buyers – 1.33:1, -20.85% From Current Price Level

$63 – Buyers – 1.3:1, -22.09% From Current Price Level

$62 – Buyers – 1.08:1, -23.32% From Current Price Level

$61 – Buyers – 1.13:1, -24.56% From Current Price Level

$60 – Sellers – 1.1:1, -25.8% From Current Price Level

$59 – Sellers – 1.17:1, -27.03% From Current Price Level

$58 – Buyers – 1.2:1, -28.27% From Current Price Level

$57 – Sellers – 1.38:1, -29.51% From Current Price Level

$56 – Sellers – 1.11:1, -30.74% From Current Price Level

$55 – Buyers – 1.45:1, -31.98% From Current Price Level

$54 – Buyers – 1.46:1, -33.22% From Current Price Level

$53 – Sellers – 2.75:1, -34.45% From Current Price Level

$52 – Selelrs – 2.33:1, -35.69% From Current Price Level

$51 – NULL – 0:0*, -36.93% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLU AT THE TIME OF PUBLISHING THIS ARTICLE ***

XLP,the Consumer Staples Select Sector SPDR Fund ETF has advanced +6.18% over the past year, and is up +9.51% from its 52-week low set in April of 2025, while sitting just -2.05% below its 52-week high set in September of 2024 (per data from Investing.com, all figures are ex-distributions).

Some of their top holdings include Costco Wholesale Corp. (COST), Walmart Inc. (WMT), Proctor & Gamble Co. (PG), Phillip Morris International (PM), Coca Cola Co. (KO), Altria Group (MO), Mondelez International Inc. (MDLZ), Colgate Palmolive (CL), Pepsico Inc. (PEP) & Kimberly Clark Corp. (KMB).

While XLP is so close to it’s 52-week high it is a good time to check in on its historic volume sentiment from the past ~9 years to gain insight into how it may trade in any upcoming upside or downside re-tests, particularly around pivotal support/resistance levels.

Below is a brief technical analysis of XLP, as well as a price level:volume sentiment analysis of each of the price levels XLP has traded at over the past ~9 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past market participant behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on XLP.

Technical Analysis Of XLP, The Consumer Staples Select Sector SPDR Fund ETF

Their RSI is beginning to trend downward & currently sits at 58.33, while their MACD is bullish, but its histogram is flat, indicating that there is not a great deal of enthusiasm following their past week and a half.

Volumes have been +23.91% higher than the prior year’s average over the past week & a half (14,098,333.33 vs. 11,377,920), which is important to note asmost of it came on the past three sessions & went advance, advance, decline.

Last week began on a gap up session after the long holiday weekend, where Tuesday advanced +0.91%.

Wednesday opened lower, tested higher to break above the $82.50/share level temporarily, before declining down to the support of the 10 day moving average & closing the day for a loss just above the short-term trend line.

Wednesday had the weakest volume of all of the past week & a half, indicating that there is still “buy & hold” sentiment in the air for the Consumer Staples names, but that there is caution as well as the session hugged the 10 day moving average in the end.

Thursday opened slightly higher, showed that there was extreme downside appetite when the $81.50/share mark was temporarily broken through as short-term profits continued to be taken from Tuesday’s gap up, but Buyers came to the rescue & forced the close higher, forming a weak looking bullish harami pattern.

Friday saw the a major influx of both price & volume for XLP, as the session opened below the 10 DMA’s resistance, broke out above it on the highest volume since mid-May & touched a high price of $83.19/share, before closing up +0.88% for the day.

While the high volume was a sign in the right direction, the tall upper shadow on the day’s candle indicates that there was a solid deal of intraday profit taking taking place & that more could be on the horizon.

Opening this week, Monday featured a lower open, a decline that retested & temporarily broke through the support of the 10 day moving average, before a rally to close +0.06% higher day-over-day.

While the volume was similar to Friday’s (but slightly lower), the day’s lower shadow indicates that there is a severe amount of discomfort & hesitency among market participants at these high price levels.

Tuesday is when the real weakness began to be exposed though, as XLP opened lower, retraced down to re-test the support of the 10 day moving average, which held up before XLP rallied to close above its open, but there was a lot of profit taking & hints of fear beginning to emerge.

The amount of volume from the session also shows that there was strong sentiment to get out of the pool/take profits, which is a theme that is likely to continue in the near-term, particularly after today’s employment data & the upcoming FOMC Minutes.

XLP’s upside case isn’t much to write about, as they’re ~2% off of their all-time high, which would be the target price to be watching for in the near-term in terms of advances, before watching to see if there is an upside breakout.

In the event that there is, you’ll want to see high volume levels that are sustained for a bit of time before buying into anything long-term at these levels.

The consolidation case has been made recently by daily lows & lower shadows, as they all seem to revert back to the 10 day moving average (short-term trendline), which would mean that any consolidation would likely oscillate around the 10 DMA until we see an upside or downside catalyst.

To the downside, there is a healthy amount of support touchpoints into the $82-82.99/share zone, however, should they break down, the $81-81.99/share price zone is Seller dominated historically over near the past decade, which will likely mean that we will see some selling pressure should prices dip to those levels.

The $80-80.99/share price level is also Seller dominated, with the $79-79.99/share zone being a Buyer zone historically, before more Seller zones emerge.

Should the 200 day moving average break down, more than likely the $79/share level breaks down, exposing XLP to a great deal of Seller pressure.

While the names covered in this ETF are Consumer Staples, it does not make the downside scenario above impossible.

The section below outlines the volume sentiment at each price level XLP has traded at over the past ~9 years & can be used to assess the strength/weakness of the support/resistance levels & price levels that XLP retests in the coming weeks.

This can aid in understanding how market participants may behave again at each level.

Price Level:Volume Sentiment Analysis For XLP, The Consumer Staples Select Sector SPDR Fund ETF

The top table below shows the support & resistance levels of XLP from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~9 years, using Tuesday 5/3/2025’s closing data for their price & moving averages/other technicals.

The 10, 50 & 200 day moving averages are denoted with bold.

The next tables show the volume sentiment at each individual price level XLP has traded at over the past ~9 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLP.

The following section lays out XLP’s one year support/resistance levels, as well as their Buyer:Seller (Seller:Buyer) ratios at each price level that they’ve traded at over the past ~9 years, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

$84 – NULL – 0:0*, +1.45% From Current Price Level

$83 – Buyers – 0.3:0*, +0.24% From Current Price Level

$82 – Buyers – 2.5:1, -0.97% From Current Price Level – Current Price & 10 Day Moving Average**

$81 – Sellers – 1.3:1, -2.17% From Current Price Level – 50 Day Moving Average*

$80 – Sellers – 1.25:1, -3.38% From Current Price Level – 200 Day Moving Average*

$79 – Buyers – 2.38:1, -4.59% From Current Price Level

$78 – Sellers – 2.33:1, -5.8% From Current Price Level

$77 – Buyers – 1.67:1, -7% From Current Price Level

$76 – Sellers – 1.18:1, -8.21% From Current Price Level

$75 – Sellers – 1.33:1, -9.42% From Current Price Level

$74 – Buyers – 1.5:1, -10.63% From Current Price Level

$73 – Buyers – 1.43:1, -11.84% From Current Price Level

$72 – Buyers – 1.25:1, -13.04% From Current Price Level

$71 – Buyers – 1.32:1, -14.25% From Current Price Level

$70 – Sellers – 1.14:1, -15.46% From Current Price Level

$69 – Buyers – 1.18:1, -16.67% From Current Price Level

$68 – Buyers – 1.04:1, -17.87% From Current Price Level

$67 – Sellers – 1.07:1, -19.08% From Current Price Level

$66 – Sellers – 1.15:1, -20.29% From Current Price Level

$65 – Buyers – 1.43:1, -21.5% From Current Price Level

$64 – Buyers – 1.16:1, -22.71% From Current Price Level

$63 – Sellers – 1.3:1, -23.91% From Current Price Level

$62 – Sellers – 1.07:1, -25.12% From Current Price Level

$61 – Sellers – 4:1, -26.33% From Current Price Level

$60 – Buyers – 4.5:1, -27.54% From Current Price Level

$59 – Buyers – 1.06:1, -28.74% From Current Price Level

$58 – Buyers – 1.14:1, -29.95% From Current Price Level

$57 – Buyers – 2:1, -31.16% From Current Price Level

$56 – Sellers – 1.46:1, -32.37% From Current Price Level

$55 – Buyers – 1.54:1, -33.57% From Current Price Level

$54 – Buyers – 1.31:1, -34.78% From Current Price Level

$53 – Buyers – 1.5:1, -35.99% From Current Price Level

$52 – Buyers – 1.26:1, -37.2% From Current Price Level

$51 – Buyers – 1.29:1, -38.41% From Current Price Level

$50 – Even – 1:1, -39.61% From Current Price Level

$49 – Sellers – 1.31:1, -40.82% From Current Price Level

$48 – Buyers – 1.22:1, -42.03% From Current Price Level

$47 – Buyers – 1.04:1, -43.24% From Current Price Level

$46 – Buyers – 1.3:1, -44.44% From Current Price Level

$45 – Buyers – 1.32:1, -45.65% From Current Price Level

$44 – Buyers – 1.08:1, -46.86% From Current Price Level

$43 – Sellers – 1.12:1, -48.07% From Current Price Level

$42 – Sellers – 1.08:1, -49.28% From Current Price Level

$41 – Buyers – 1.2:1, -50.48% From Current Price Level

$40 – Sellers – 0.7:0*, -51.69% From Current Price Level

$39 – NULL – 0:0*, -52.9% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLP AT THE TIME OF PUBLISHING THIS ARTICLE ***

XLV, The Health Care Select Sector SPDR Fund ETF has remained near-perfectly flat Y-o-Y, dipping only -0.04%, while having fallen -12.06% since their 52-week high in September of 2024, while sitting +8.27% above their 52-week low set in April of 2025 (all figures ex-distributions).

Some of their largest holdings include Eli Lilly & Co. (LLY), UnitedHealth Group Inc. (UNH), Johnson & Johnson (JNJ), AbbVie Inc. (ABBV), Abbott Laboratories (ABT), Merck & Co. Inc. (MRK), Intuitive Surgical Inc. (ISRG), Thermo Fisher Scientific (TMO), Amgen Inc. (AMGN) & Boston Scientific Corp. (BSX).

Given how close their 52-week low was & how sharp the V-shape of their rally since has gone, it is a good time to check in on the volume sentiments at of the prices they’ve traded at in recent history.

Below is a brief technical analysis of XLV, as well as a price level:volume sentiment analysis of each of the price levels XLV has traded at over the past ~3 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past market participant behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on XLV.

Technical Analysis Of XLV, The Health Care Select Sector SPDR Fund ETF

Their RSI has just bullishly advanced over the neutral 50-mark & currently sites at 53.16, while their MACD is still bullish after crossing over the signal line last week.

Volumes have been -9.64% vs. the prior year’s average over the past week & a half (7,012,500 vs. 7,760,714.29), which casts a light of skepticism on their recent bull run though, especially after all of the declining volume of early April, as it signals that there is still a great deal of uncertainty out there.

Last Monday opened on a gap down session with low volume that dipped as low as $131.56/share before closing at $132.57/share.

Tuesday opened midway between the range of XLV’s Monday candle’s real-body, tested lower briefly, before powering higher & closing just below Monday’s opening price to form a bullish harami pattern, which spurred the rally that we’ve witnessed since.

Wednesday opened on a gap higher above the 10 day moving average’s resistance, indicating that there is a short-term change in sentiment for XLV, but there were signs that this is not necessarily going to be long-lived.

While Wednesday was able to rally as high as $137.93/share, it was also pushed below the session to as low as $135.13/share to close below the 10 day moving average’s resistance at $135.73/share, as the highest volume of the past week & a half was attributed to intraday profit taking.

Thursday opened slightly higher, but below the 10 DMA, tested lower & found footing near Wednesday’s lows & managed to break above & close higher than the 10 DMA.

Friday opened on a gap up, retraced almost entirely all the way down Thursday’s candle’s real body, before breaking out higher to close above the $138/share mark.

The theme of these deep day-over-day retests (which have continued each day since), which also adds to the skepticism behind the strength of the rally, as it shows that there has still been a strong sense to stay close to the 10 day moving average & that there may be a bit of day-over-day profit taking happening.

This week kicked off on a gap up open for XLV, briefly breaking $139/share intra-day, to the upside, but also briefly breaking down below the $138/share level & the session resulted in ambiguity as the day’s candle closed as a spinning top.

This uncertainty will lead to an interesting next couple of days, particularly as we watch to see if there is any form of bearishness heading into the weekend/on the open of next week.

Tuesday also showed a wide range of indecision with the high waves on the day’s candle, which based on the small uptick in volume was also likely the result of a bit of intraday profit taking as the price moved further from the short-term trend line.

Wednesday opened on a gap up, but began showing cracks in the enthusiasm, as prices retraced down beyond the $139/share level & temporarily to below Tuesday’s opening price, before managing to find footing & rally higher into the close.

This indicates that there is likely to be more downside pressure on the horizon & that there is a growing appetite for profit taking in the wake of the recent run up.

The narrow tweezer v-shaped recovery also looks like it will be unsustainable in the long-run & that there will be some form of declines on the horizon.

To the upside the first price level to be watching is $141.71, which is the high from April 4, 2025, as a retest of that that is unsuccessful is likely to indicate that there’s a consolidation coming.

Should it be broken through, there is a resistance zone between $142.73 (50 Day Moving Average) & $145.81/share (200 Day Moving Average) where there are eight total resistance touch-points (9 if you count the resistance level $0.04 above the 200 DMA) before the levels become less condensed.

What’s particularly troubling here is that each of those levels resides in a Seller dominated price level per the past ~3 years.

This makes it seem that we won’t be seeing any breakout above the long-term trend line’s (200 DMA) resistance for quite some time, unless it involves a high volume gap above it (and even then, it’s unlikely to sustain for long).

What’s more likely is that we see continued consolidation that oscillates around the 10 day moving average, as there is quite a bit of uncertainty still remaining in the market.

This is also in part because the price zones between the current price & the 10 DMA’s support are historically Seller dominated, but the 10 DMA resides in a Buyer oriented zone historically.

Another interesting point to watch there ties into the bear case, as while there are seven support levels between Wednesday’s closing price & the bottom of XLV’s one year chart, the lowest is at $129.66, which is the bottom point of the consolidation range mentioned above.

This likely will be why unless there is a major earnings disappointment, the XLV’s price will be following the 10 DMA & swimming around it like the remoras that swim around sharks & whales until we get an upside or downside catalyst.

One thing is for certain though, no heightened volume, no serious breakout in either direction, particularly after the subdued volume levels of the past year vs. the years prior.

With that said, it’s worth reviewing the tables in the section below, as well as the past 1,2 & 3 year charts (and other longer-dated ones based on your time horizons, but given this is ~3 years of data that’s a good idea to review) & assess where XLV might find its support & resistance, and reference the data below.

The section below outlines the volume sentiment at each price level XLV has traded at over the past ~3 years & can be used to assess the strength/weakness of the support/resistance levels & price levels that XLV retests in the coming weeks.

This can aid in understanding how market participants may behave again at each level.

Price Level:Volume Sentiment Analysis For XLV, The Health Care Select Sector SPDR Fund ETF

The top table below shows the support & resistance levels of XLV from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~3 years, using Wednesday 4/30/2025’s closing data for their price & moving averages/other technicals.

The 10, 50 & 200 day moving averages are denoted with bold.

The next tables show the volume sentiment at each individual price level XLV has traded at over the past ~3 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLV.

The following section lays out XLV’s one year support/resistance levels, as well as their Buyer:Seller (Seller:Buyer) ratios at each price level that they’ve traded at over the past ~3 years, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

$158 – NULL – 0:0*, +12.48% From Current Price Level

$156 – NULL – 0:0*, +11.06% From Current Price Level

$154 – Buyers – 2:1, +9.63% From Current Price Level

$152 – Buyers – 1.56:1, +8.21% From Current Price Level

$150 – Sellers – 1.13:1, +6.78% From Current Price Level

$148 – Buyers – 2.75:1, +5.36% From Current Price Level

$146 – Buyers – 1.27:1, +3.94% From Current Price Level

$144 – Sellers – 1.33:1, +2.51% From Current Price Level – 200 Day Moving Average*

$142 – Sellers – 1.45:1, +1.09% From Current Price Level – 50 Day Moving Average*

$140 – Buyers – 1.41:1, -0.33% From Current Price Level – Current Price Level*

$138 – Sellers – 1.23:1, -1.76% From Current Price Level

$136 – Buyers – 1.04:1, -3.18% From Current Price Level – 10 Day Moving Average*

$134 – Even – 1:1, -4.61% From Current Price Level

$132 – Buyers – 1.07:1, -6.03% From Current Price Level

$130 – Buyers – 1.25:1, -7.45% From Current Price Level

$128 – Buyers – 1.47:1, -8.88% From Current Price Level

$126 – Buyers – 1.15:1, -10.3% From Current Price Level

$124 – Even – 1:1, -11.72% From Current Price Level

$122 – Sellers – 1.2:1, -13.15% From Current Price Level

$120 – Sellers – 1.13:1, -14.57% From Current Price Level

$118 – Sellers – 1.39:1, -16% From Current Price Level

$116 – Sellers – 1.24:1, -17.42% From Current Price Level

$114 – Buyers – 1.07:1, -18.84% From Current Price Level

$112 – Sellers – 3:1, -20.27% From Current Price Level

$110 – Buyers – 2.75:1, -21.69% From Current Price Level

$108 – Buyers – 2.89:1, -23.12% From Current Price Level

$106 – Sellers – 1.05:1, -24.54% From Current Price Level

$104 – Sellers – 1.31:1, -25.96% From Current Price Level

$102 – Buyers – 1.5:1, -27.39% From Current Price Level

$100 – Buyers – 1.4:1, -28.81% From Current Price Level

$99 – Even – 1:1, -29.52% From Current Price Level

$98 – Sellers – 1.82:1, -30.23% From Current Price Level

$97 – Sellers – 1.33:1, -30.95% From Current Price Level

$96 – Buyers – 1.17:1, -31.66% From Current Price Level

$95 – Buyers – 2.5:1, -32.37% From Current Price Level

$94 – Sellers – 1.2:1, -33.08% From Current Price Level

$93 – Buyers – 1.67:1, -33.79% From Current Price Level

$92 – Buyers – 2.25:1, -34.51% From Current Price Level

$91 – Sellers – 1.5:1, -35.22% From Current Price Level

$90 – Buyers – 1.4:1, -35.93% From Current Price Level

$89 – Sellers – 0.8:0*, -36.64% From Current Price Level

$88 – NULL – 0:0*, -37.35% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLV AT THE TIME OF PUBLISHING THIS ARTICLE ***

XLY, the Consumer Discretionary Select Sector SPDR ETF has advanced +7.89% over the past year, having fallen -22.52% from their 52-week high in December of 2024, but having gained 11.82% since their 52-week low in August of 2024.

While some members of the sector have fared better than others, there has been doubts about the strength of the US consumers, which is evident based on XLY being back to less than 10% from where they were one year ago.

Some of their top holdings include Amazon.com Inc. (AMZN), Tesla Inc. (TSLA), Home Depot Inc. (HD), McDonald’s Corp (MCD), Booking Holdings Inc. (BKNG), TJX Companies Inc. (TJX), Lowe’s Cos. Inc. (LOW), Starbucks Corp. (SBUX), O’Reilly Automotive Inc. (ORLY) & Nike Inc. (NKE).

While earnings calls continue to provide us insight into the current & future strength of consumers & broader markets remain volatile it is important to have an understanding of how market participants have behaved in the past at each of XLY’s price levels.

This will be especially valuable in instances of support/resistance retests, as understanding how historically strong/weak each level is lends clues into the market’s broader sentiment about these price levels & how they may behave again at them.

Below is a brief technical analysis of XLY, as well as a price level:volume sentiment analysis of the price levels XLY has traded at over the past ~3 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on XLY.

Technical Analysis Of XLY, The Consumer Discretionary Select Sector SPDR Fund ETF

Their RSI is advancing back towards the neutral 50-level & currently sits at 43.81, while their MACD crossed over the signal line bullishly yesterday morning, but currently looks more set to dolphin & dip back below it in the short-term than actually lead to a meaningful advance.

Volumes have been +18.11% higher than the prior year’s average over the past six sessions (4,078,333.33 vs. 3,453,132.53), as while the heightened volume amid the volatility of the previous week has diluted significantly, there is still elevated participation levels.

Last Monday XLY opened on a gap up, tested a little higher, before ultimately plummeting to test below the $190/share level in a bearish session that closed below its opening price.

Tuesday opened on a gap lower, retraced about halfway through Monday’s real-body, but was unable to find enough traction & sunk lower on the day, with the day’s low touching $187.83, signaling that there was further downside appetite.

The 10 day moving average’s support managed to keep XLY afloat above it, but the day’s low range showed that it was not sturdy.

Wednesday proved this when a gap down open was unable to retrace back to Tuesday’s closing price & XLY declined below the $182.50/share level temporarily, before clawing back up to close at $184.24/share, below the 10 DMA’s support.

Thursday the holiday week wound down with a harami cross that was about midway between Wednesday’s daily range, indicating that there was a degree of uncertainty heading into the weekend, but market participants thought XLY was fairly valued within the prior day’s range & below the resistance of the 10 day moving average.

This week kicked off on a bearish note, as the highest volume session of the past six days occurred on a gap down that went as low as $177.97/share before recovering to close lower on the day at $180.45.

Yesterday showed the second highest volume of that window on an advancing session that closed just beneath the 10 DMA’s resistance, after briefly breaking above it intraday.

Taking a step back & looking at XLY’s chart it is also worth noting the death cross that occurred last week when their 50 day moving average crossed bearishly through their 200 day moving average, meaning that now price is furthest from their long-term trend line, but below it.

This likely means that there are more declines on the near-to-mid-term horizon for XLY, particularly as it fills the window created by today’s gap up open in the coming week(s).

Much like our weekly market review note has been saying for weeks, unless there is a sustainable uptick in advancing volume, any gains such as those seen so far this morning should be viewed with skepticism.

This is made even more true now that the long-term trend line has been death crossed.

Price will likely oscillate around the 10 day moving average while the 50 DMA approaches it & the market waits for a catalyst to the up or downside, likely to come as a result of earnings reports over the next couple of weeks & tariff negotiation results.

Another area to consider is the wide-range advancing session from 4/9/2025, which has not proven to be a reversal point just yet, but that has played host to XLY’s consolidation range within it’s real body.

If today’s candle does not manage to break above that high & the window remains open, that may trigger a loss of confidence & some profit taking that drives XLY’s price down to test the low of 4/7/2025 at $173.10.

While there are other support levels in that range, particularly the new ones that were resistance before this morning’s open, sentiment is not particularly strong currently, given XLY’s recent performance.

The section below outlines the volume sentiment at each price level XLY has traded at over the past ~3 years & can be used to assess the strength/weakness of the support/resistance levels & price levels that XLY retests in the coming weeks.

This can aid in understanding how market participants may behave again at each level.

Price Level:Volume Sentiment Analysis For XLY, The Consumer Discretionary Select Sector SPDR Fund ETF

The top table below shows the support & resistance levels of XLY from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~3 years, using Tuesday 4/22/2025’s closing data for their price & moving averages/other technicals.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level XLY has traded at over the past ~3 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLY.

The following section lays out XLY’s one year support/resistance levels, as well as their Buyer:Seller (Seller:Buyer) ratios at each price level that they’ve traded at over the past ~3 years, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

$240 – NULL – 0:0*, +29.14% From Current Price Level

$236 – Buyers – 1:0*, +26.98% From Current Price Level

$232 – Buyers – 2.4:1, +24.83% From Current Price Level

$228 – Buyers – 1.14:1, +22.68% From Current Price Level

$224 – Sellers – 1.03:1, +20.53% From Current Price Level

$220 – Sellers – 2.33:1, +18.38% From Current Price Level

$216 – Buyers – 1.7:1, +16.22% From Current Price Level

$212 – Sellers – 1.67:1, +14.07% From Current Price Level

$208 – Buyers – 1.7:1, +11.92% From Current Price Level

$204 – Sellers – 2:1, +9.77% From Current Price Level

$200 – Buyers – 5:1, +7.61% From Current Price Level – 50 & 200 Day Moving Averages**

$198 – Buyers – 1.56:1, +6.54% From Current Price Level

$196 – Buyers – 1.8:1, +5.46% From Current Price Level

$194 – Sellers – 5.33:1, +4.39% From Current Price Level

$192 – Sellers – 7:1, +3.31% From Current Price Level

$190 – Sellers – 1.73:1, +2.23% From Current Price Level

$188 – Buyers – 6.5:1, +1.16% From Current Price Level

$186 – Buyers – 1.7:1, +0.08% From Current Price Level – Current Price Level & 10 Day Moving Average**

$184 – Buyers – 5.75:1, -1% From Current Price Level

$182 – Buyers – 1.03:1, -2.07% From Current Price Level

$180 – Sellers – 1.6:1, -3.15% From Current Price Level

$178 – Buyers – 2.22:1, -4.22% From Current Price Level

$176 – Sellers – 1.25:1, -5.3% From Current Price Level

$174 – Sellers – 1.07:1, -6.38% From Current Price Level

$172 – Buyers – 1.36:1, -7.45% From Current Price Level

$170 – Buyers – 1.37:1, -8.53% From Current Price Level

$168 – Sellers – 1.08:1, -9.6% From Current Price Level

$166 – Buyers – 1.19:1, -10.68% From Current Price Level

$164 – Buyers – 3.47:1, -11.76% From Current Price Level

$162 – Sellers – 1.07:1, -12.83% From Current Price Level

$160 – Buyers – 1.5:1, -13.91% From Current Price Level

$158 – Buyers – 3.57:1, -14.99% From Current Price Level

$156 – Sellers – 1.11:1, -16.06% From Current Price Level

$154 – Sellers – 2.09:1, -17.14% From Current Price Level

$152 – Buyers – 1.32:1, -18.21% From Current Price Level

$150 – Buyers – 1.06:1, -19.29% From Current Price Level

$148 – Buyers – 1.16:1, -20.37% From Current Price Level

$146 – Sellers – 1.32:1, -21.44% From Current Price Level

$144 – Buyers – 2.32:1, -22.52% From Current Price Level

$142 – Sellers – 1.53:1, -23.59% From Current Price Level

$140 – Sellers – 1.64:1, -24.67% From Current Price Level

$138 – Sellers – 1.08:1, -25.75% From Current Price Level

$136 – Buyers – 1.17:1, -26.82% From Current Price Level

$134 – Sellers – 1.33:1, -27.9% From Current Price Level

$132 – Sellers – 4:0*, -28.97% From Current Price Level

$130 – Buyers – 1.38:1, -30.05% From Current Price Level

$128 – Buyers – 1.09:1, -31.13% From Current Price Level

$126 – Sellers – 1.36:1, -32.2% From Current Price Level

$124 – Sellers – 1.8:0*, -33.28% From Current Price Level

$122 – NULL – 0:0*, -34.36% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLY AT THE TIME OF PUBLISHING THIS ARTICLE ***

XLC, the Communication Services Select Sector SPDR ETF has gained +12% over the past year, adding +17.19% since their 52-week low in April of 2024, but has lost -15.11% since their 52-week high set in February of 2025.

Their top holdings include Meta Platforms Inc Class A (META), Alphabet Inc. Class A (GOOGL), Alphabet Inc. Class C (GOOG), Netflix Inc. (NFLX), Take Two Interactive Software (TTWO), Live Nation Entertainment Inc. (LYV), Electronic Arts Inc (EA), T Mobile US Inc. (TMUS), Verizon Communications Inc. (VZ) & AT&T Inc. (T).

Below is a brief technical analysis of XLC, as well as a price level:volume sentiment analysis of the price levels XLC has traded at over the ~4 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on XLC.

Technical Analysis Of XLC, The Communication Services Select Sector SPDR ETF Fund

Their RSI is trending back towards oversold & sits currently at 39.91, after bouncing back from oversold territory last week, while their MACD line is at the signal line, but looks to either get rejected & head lower, and or we may see a dolphin jump over it briefly, which will ultimately be determined by today’s session.

Volumes over the past week & a half have been +130.71% higher than the prior year’s average (10,527,500 vs. 4,563,174.6), most due to last week’s volatility & have subsided now, as communications services names are beginning to look like a volatility safehaven.

It is important to note that the two highest volume sessions of this time period were advancing days, as it shows that there was positive sentiment amid uncertainty for XLC.

Last Monday marked a short-term reversal point for XLC, coming after back to back gap down sessions that broke down the long-term trend line (200 day moving average).

Volumes spiked to almost double that of the previous day’s levels, while XLC opened on a gap down, bounced off of the $84.02/share level & made a run up to $90.75, but intraday profits were taken, forcing the price to close at $87.35.

Tuesday kicked off on a gap up, but saw nowhere to run as the day’s upper shadow indicates & XLC profits were swept off of the board, exposing downside appetite to almost the $85/share level, but was able to close at $86.13/share.

Wednesday saw another gap down open & bounce off of the $84.97/share price level, before ripping higher to breach the $94/share level & ultimately close at $93.74/share, above the resistance of both the 10 & 200 day moving averages on what was by far the highest volume of the year.

As noted in this week’s weekly market review note, while this was a great storyline in terms of market participation, it did not show signs of short-term sustainability, which XLC & the major index ETFs all went on to show.

The whipsawing continued on Thursday, resulting in a bearish harami pattern, and the support of both the 10 & 200 day moving averages was broken down after that short-lived crossover.

The most important takeaway from Thursday’s session is the downside appetite that the day showed, as market participants were ok with sending XLC below $89/share, which will be important to watch as their moving averages begin to apply downwards pressure on the price.

Thursday’s volume indicated that there were a lot of folks happy to stay put, when comparing the profit taking of Thursday with the high volume of Wednesday.

Friday opened on a gap down, but was able to recover, test just below the short-term trend line (10 DMA), but there wasn’t enough volume to power it through to the upside.

This week the bearish sentiment crept back into XLC’s chart right off of the bat, as a gap up open was unable to break above the 200 DMA, and while the 10 DMA’s support held up, but the close was lower than the open, signaling that market participants had become exhausted & wanted to take some profits.

Tuesday confirmed this, as the day was rejected to the upside by the long-term trend line for a second consecutive day & while it held the $92/share mark, it formed a bearish harami with Monday’s pattern & closed as a very small spinning top, which is not a vote of confidence.

Yesterday confirmed this when XLC opened on a gap down, broke through the support of the 10 day moving average, and only sunk lower, at one point breaking below $89/share to close at $89.63/share, a -2.69% decline.

There is little upside sentiment right now, and while XLC has seen some massive inflows of advancing volume over the past couple of weeks, it will require a great deal of higher, consistent advancing sessions before a bottom is in.

To the downside there is strong Buyer sentiment at $88-88.99 & $87-87.99/share (see table below), but this may be where we see those ratios become diluted in the event of new retests.

It would be wise to review the support levels listed in the top table below to realize how spread apart they all are should the $87.27-87.17/share (Buyers, 3.11:1) be broken through in terms of support levels from the past year.

The most likely scenario in the near-term to see XLC oscillate around the 10 day moving average & react to headlines/upcoming earnings announcements accordingly, consolidating within the range of two Friday’s ago high & the lows of Monday.

If there is a gap through that support zone mentioned above, things will become difficult for XLC, as it will become a resistance zone & the would not likely be a quick recovery as the 50 day moving average approaches the 200 DMA, which a death cross would add more bearish sentiment into the mix.

While no one know’s for certain, being armed with the information in the table below will help market participants navigate XLC’s upcoming moves.

Price Level:Volume Sentiment Analysis For XLC, The Communication Services Select Sector SPDR ETF Fund

The top table below shows the support & resistance levels of XLC from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~4 years, using Wednesday 4/16/2025’s closing data for their price & moving averages/other technicals.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level XLC has traded at over the past ~4 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLC.

The following section lays out XLC’s one year support/resistance levels, as well as their Buyer:Seller (Seller:Buyer) ratios at each price level that they’ve traded at over the past ~4 years, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

$106 – NULL – 0:0*, +18.26% From Current Price Level

$104 – Buyers – 2:1, +16.03% From Current Price Level

$102 – Buyers – 3.75:1, +13.8% From Current Price Level

$100 – Buyers – 2:1, +11.57% From Current Price Level

$99 – Buyers, 1.31:1, +10.45% From Current Price Level

$98 – Buyers – 2:1, +9.34% From Current Price Level

$97 – Buyers – 1.8:1, +8.22% From Current Price Level – 50 Day Moving Average*

$96 – Buyers – 1.76:1, +7.11% From Current Price Level

$95 – Sellers – 1.67:1, +5.99% From Current Price Level

$94 – Sellers – 1.5:1, +4.88% From Current Price Level

$93 – NULL – 0:0*, +3.76% From Current Price Level – 200 Day Moving Average*

$92 – Buyers – 1.17:1, +2.64% From Current Price Level

$91 – Buyers – 1.6:1, +1.53% From Current Price Level

$90 – Buyers – 3.6:1, +0.41% From Current Price Level – 10 Day Moving Average*

$89 – Buyers – 1.08:1, -0.7% From Current Price Level – Current Price Level*

$88 – Buyers – 7:1, -1.82% From Current Price Level

$87 – Buyers – 3.11:1, -2.93% From Current Price Level

$86 – Sellers – 1.09:1, -4.05% From Current Price Level

$85 -Buyers – 3.75:1, -5.17% From Current Price Level

$84 – Sellers – 1.67:1, -6.28% From Current Price Level

$83 – Buyers – 2.19:1, -7.4% From Current Price Level

$82 – Buyers – 1.5:1, -8.51% From Current Price Level

$81 – Even – 1:1, -9.63% From Current Price Level

$80 – Sellers – 1.58:1, -10.74% From Current Price Level

$79 – Buyers – 2.68:1, -11.86% From Current Price Level

$78 – Buyers – 1.48:1, -12.98% From Current Price Level

$77 – Sellers – 2.75:1, -14.09% From Current Price Level

$76 – Sellers – 1.78:1, -15.21% From Current Price Level

$75 – Buyers – 1.58:1, -16.32% From Current Price Level

$74 – Buyers – 2.21:1, -17.44% From Current Price Level

$73 – Sellers – 1.53:1, -18.55% From Current Price Level

$72 – Even – 1:1, -19.67% From Current Price Level

$71 – Buyers – 1.09:1, -20.79% From Current Price Level

$70 – Buyers – 1.93:1, -21.9% From Current Price Level

$69 – Buyers – 1.48:1, -23.02% From Current Price Level

$68 – Sellers – 1.03:1, -24.13% From Current Price Level

$67 – Sellers – 1.28:1, -25.25% From Current Price Level

$66 – Buyers – 1.49:1, -26.36% From Current Price Level

$65 – Sellers – 1.55:1, -27.48% From Current Price Level

$64 – Sellers – 1.09:1, -28.6% From Current Price Level

$63 – Sellers – 1.44:1, -29.71% From Current Price Level

$62 – Sellers – 1.89:1, -30.83% From Current Price Level

$61 – Buyers – 3.33:1, -31.94% From Current Price Level

$60 – Buyers – 1.88:1, -33.06% From Current Price Level

$59 – Buyers – 2.23:1, -34.17% From Current Price Level

$58 – Buyers – 1.91:1, -35.29% From Current Price Level

$57 – Sellers – 1.64:1, -36.41% From Current Price Level

$56 – Sellers – 1.76:1, -37.52% From Current Price Level

$55 – Buyers – 1.53:1, -38.64% From Current Price Level

$54 – Buyers – 1.19:1, -39.75% From Current Price Level

$53 – Buyers – 1.23:1, -40.87% From Current Price Level

$52 – Buyers – 1.2:1, -41.98% From Current Price Level

$51 – Sellers – 1.41:1, -43.1% From Current Price Level

$50 – Buyers – 2:1, -44.22% From Current Price Level

$49 – Buyers – 6.17:1, -45.33% From Current Price Level

$48 – Buyers – 1.12:1, -46.45% From Current Price Level

$47 – Buyers – 1.25:1, -47.56% From Current Price Level

$46 – Sellers – 3.22:1, -48.68% From Current Price Level

$45 – Sellers – 1.33:1, -49.79% From Current Price Level

$44 – Sellers – 2.17:1, -50.91% From Current Price Level

$43 – NULL – 0:0*, -52.02% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLC AT THE TIME OF PUBLISHING THIS ARTICLE ***

Oracle Corp. stock trades under the ticker ORCL and has advanced +16.87% over the past year, sitting -25.47% below their 52-week high from December 2024, while remaining +31.05% above their 52-week low from April of 2024 (all ex-dividends).

ORCL has had a rough past few months after hitting their 52-week high, and has spent the month of March consolidating after crossing bearishly below their 200 day moving average.

This makes it a great time to check in on how ORCL has traded at their various price levels of the past couple of years

Below is a brief technical analysis of ORCL, as well as a price level:volume sentiment analysis of the price levels ORCL has traded at over the past ~2 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on ORCL.

Technical Analysis Of Oracle Corp. ORCL Stock

Their RSI is trending towards the oversold 30 mark & currently sits at 40.26, while their MACD has dolphined but is bearishly approaching the signal line.

Volumes have been +12.64% above the prior year’s average over the past week & a half (10,056,250 vs. 8,927,888.45), which is slight cause for concern given that their highest volume sessions have been declines.

Last Monday ORCL opened on a gap up with the highest advancing volume of the past week & a half, and was able to break above the resistance of the 10 day moving average.

Tuesday opened in the middle of Monday’s range, but the support of the 10 DMA was unable to hold up & ORCL closed below it at $149.45/share.

Wednesday saw ORCL open in-line with the 10 DMA & march higher, but it was unable to test the $155/share level.

Thursday saw gains, but again was unable to test the $155/share level & the session closed with an air of uncertainty as a spinning top candle.

Thursday’s low was supported by the 10 day moving average, but volumes were very light, indicating that there was not a lot of participation among investors.

Friday the uncertainty continued, but with a hint of bearish sentiment crawling back into markets, as ORCL opened lower, tested lower & bounced off of the support of the 10 day moving average, before closing higher than it opened & forming a bearish harami pattern with Thursday’s candle.

It’s important to note that both days resulted in spinning tops as well, indicating that there was uncertainty among market participants about where to value ORCL’s shares at.

ORCL’s volume on Friday is also important to note, as the declining volume was the highest level of any session from the prior two weeks, with a mix of folks taking risk off the table heading into the weekend & others buying the dip to squeeze prices higher.

Monday set the week up bearishly, as ORCL opened on a gap higher above the $155/share level, before testing & closing lower for the day on very light volume, indicating that there was not going to be any staying power behind the move.

Sure enough, Tuesday opened lower, tested above the $155/share mark but was unable to sustain the move & closed lower, as a spinning top candle.

The uncertainty of the day’s close paired with the negative sentiment from the end of the prior week & Monday’s session led to a gap down open on Wednesday, where the second highest volume of the past week & a half managed to break down the support of the 10 day moving average & close below it.

To the upside, the $151.44/share price level (10 day moving average) will be important to watch in the coming weeks, as if it can’t be broken through to the upside we’ll likely see further declines or consolidation.

Should it be broken through there will be a lot of selling pressure at the $152.42 & $152.66/share price levels which will be a tough zone of resistance to break through without a major market catalyst.

Should ORCL consolidate further it will likely oscillate around the 10 DMA in the range that it has spent most of March 2025 in.

To the downside, the next five support levels have historically been dominated by Sellers over the past ~2 years, which will make it difficult to find stable footing for ORCL in the event of further declines.

The following section lays out ORCL’s one year support/resistance levels, as well as their Buyer:Seller (Seller:Buyer) ratios at each price level that they’ve traded at over the past ~2 years, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

Price Level:Volume Sentiment For Oracle Corp. ORCL Stock

The top table below shows the support & resistance levels of ORCL from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~2 years, using Wednesday 3/26/2025’s closing data for their price & moving averages/other technicals.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level ORCL has traded at over the past ~2 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on ORCL.

$198 – NULL – 0:0*, +33.96% From Current Price

$196 – NULL – 0:0*, +32.61% From Current Price

$194 – NULL – 0:0*, +31.26% From Current Price

$192 – NULL – 0:0*, +29.91% From Current Price

$190 – Buyers – 5:1, +28.55% From Current Price

$188 – Buyers – 1.25:1, +27.2% From Current Price

$186 – Buyers – 1.2:1, +25.85% From Current Price

$184 – Buyers – 10.17:1, +24.49% From Current Price

$182 – Sellers – 2.89:1, +23.14% From Current Price

$180 – Buyers – 2.38:1, +21.79% From Current Price

$178 – Buyers – 3:0*. +20.43% From Current Price

$176 – Sellers – 4.22:1, +19.08% From Current Price

$174 – Buyers – 2.53:1, +17.73% From Current Price

$172 – Buyers – 1.94:1, +16.37% From Current Price

$170 – Buyers – 1.81:1, +15.02% From Current Price

$168 – Buyers – 1.59:1, +13.67% From Current Price

$166 – Sellers – 1.02:1, +12.31% From Current Price

$164 – Sellers – 1.33:1, +10.96% From Current Price – 50 Day Moving Average*

$162 – Sellers – 3.25:1, +9.61% From Current Price

$160 – Buyers – 9.5:1, +8.25% From Current Price

$158 – Sellers – 2:1, +6.9% From Current Price – 200 Day Moving Average*

$156 – Buyers – 1.73:1, +5.55% From Current Price

$154 – Buyers – 5.17:1, +4.19% From Current Price

$152 – Sellers – 2.39:1, +2.84% From Current Price

$150 – Buyers – 1.17:1, +1.49% From Current Price – 10 Day Moving Average*

$148 – Sellers – 3:1, +0.14% From Current Price

$146 – Sellers – 1.3:0*, -1.22% From Current Price – Current Price Level*

$144 – Sellers – 2.88:1, -2.57% From Current Price

$142 – Buyers – 7.14:1, -3.92% From Current Price

$140 – Buyers – 1.61:1, -5.28% From Current Price

$138 – Sellers – 1.08:1, -6.63% From Current Price

$136 – Sellers – 2.67:1, -7.98% From Current Price

$134 – Sellers – 2.33:1, -9.34% From Current Price

$132 – Sellers – 1.75:1, -10.69% From Current Price

$130 – Buyers – 1:0*, -12.04% From Current Price

$128 – Buyers – 0.6:0*, -13.4% From Current Price

$126 – Buyers – 2.53:1, -14.75% From Current Price

$124 – Buyers – 1.81:1, -16.1% From Current Price

$122 – Sellers – 1.75:1, -17.46% From Current Price

$120 – Buyers – 1.13:1, -18.81% From Current Price

$118 – Buyers – 9:1, -20.16% From Current Price

$116 – Buyers – 1.23:1, -21.52% From Current Price

$114 – Buyers – 1.16:1, -22.87% From Current Price

$112 – Buyers – 2.52:1, -24.22% From Current Price

$110 – Buyers – 1.66:1, -25.58% From Current Price

$108 – Buyers – 2.85:1, -26.93% From Current Price

$106 – Buyers – 1.04:1, -28.28% From Current Price

$104 – Buyers – 2.08:1, -29.63% From Current Price

$102 – Buyers – 1.37:1, -30.99% From Current Price

$100 – Buyers – 2.32:1, -32.34% From Current Price

$99 – Sellers – 9.83:1, -33.02% From Current Price

$98 – Sellers – 2.8:0*, -33.69% From Current Price

$97 – NULL – 0:0*, -34.37% From Current Price

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN ORCL STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***

XLK, the Technology Sector Select SPDR Fund ETF has had quite the volatile past year, sitting currently just +4.43% above it’s price one year ago, -11.4% below their 52-week high in February of 2025 & +12.94% above their 52-week low in August of 2024 (all figures ex-distributions).

This shouldn’t come as a surprise given how volatile the tech sector has been over the past year, but it is interesting to think that they’re basically just above par from one year ago & right in the center of their 52-week high/low range.

Some of XLK’s largest holdings include Apple Inc. (AAPL), NVIDIA Corp. (NVDA), Microsoft Corp. (MSFT), Broadcom Inc. (AVGO), Salesforce Inc. (CRM), Oracle Corp. (ORCL), Cisco Systems Inc. (CSCO), International Business Machines Corp. (IBM), Accenture PLC. A (ACN) & Palantir Technologies Inc. Class A (PLTR).

XLK has not been able to escape the difficult past month that broader markets have faced due to tariff excitement & mixed news on inflation across the globe & will likely continue to see volatility in the weeks to come.

With that in mind, it is a good time to check in on their volume sentiment at the price levels that they’ve traded at over the past few years to gauge how market participants have behaved at these levels before.

Below is a brief technical analysis of XLK, as well as a price level:volume sentiment analysis of the price levels XLK has traded at over the ~3 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on XLK.

Technical Analysis Of XLK, The Technology Sector Select SPDR Fund

Their RSI is trending back towards the neutral 50 mark & closed yesterday at 42.26, while their MACD is still in bearish territory, but is rapidly approaching the signal line & may cross bullishly in the coming two days.

Volumes over the past week & a day have been +32.83% above the prior year’s average level (6,661,666.67 vs. 5,015,240), which is cause for concern given that there have only really been two truly advancing days, both of which had the lowest volumes of that time period.

There has been a lot of enthusiasm to get out of the pool among market participants, and with the 50 day moving average bearing down on the 200 DMA & set to bearishly crossover within a week there appears to be more declines on the horizon.

Last Monday’s declining volume eclipses all other volumes going back until August when XLK faced serious declines & went down to reach their 52-week low, but these recent losses have been more gradual & controlled compared to the large gaps seen seven months ago.

Last Monday’s session opened as a gap down, but far closer to the previous Friday’s candle than the gaps down of the aforementioned period.

Tuesday resulted in a high wave spinning top, indicating a great deal of indecision, but the low range of the day became a local support level at $206.29, while the day’s high was $211.91 on the second highest volume of the past six sessions.

This marks extreme indecision in the market, which was reflected in the next day’s spinning top with long upper & lower shadows, except on Wednesday there was light volume and despite the gap up open, the session closed lower than the open, indicating bearish sentiment was spreading.

Thursday opened on a gap down & temporarily broke down the $207.50/share level, but managed to recover to close above it, before Friday’s squeeze into the weekend session, where on low volume prices were able to power higher to close at $213.94/share, just below the 10 day moving average’s resistance.

Yesterday was able to open higher and retraced into Friday’s range briefly before breaking out above the 10 DMA’s resistance.

Yesterday was unable to reach the $217.50/share level, and closed with a long upper shadow, indicating that the bears were still relatively in control, particularly given the low volume, which was not enough to build a sustainable reversal.

Pending some type of upside catalyst, XLK doesn’t look primed to break out to the upside in the near-term, and even then it will require a great deal of advancing volume behind the move in order to be sustainable.

Now that price has met the 10 DMA it is likely to oscillated around it in the coming week(s) while we await news to send XLK higher or lower & while the 200 & 50 day moving averages continue lower towards price.

Thee $206.29/share support level will be an interesting one to watch, as should XLK get there it leads into a zone where there is a level of support for the next ~1 & 2% moves down, but then on the one year chart the floor falls out below XLK & the next support level is -5.56% lower.

Should we enter that zone, the $202.29/share support level will be critical, and it falls in a price zone that has historically been Seller dominated at a rate of 1.14:1.

From there, if the $198-199.99/share level doesn’t hold up, it is all Seller zones until the $191.99/share mark, so there will be an expected further slide down towards testing the lower one year support levels.

The following section lays out XLK’s one year support/resistance levels, as well as their Buyer:Seller (Seller:Buyer) ratios at each price level that they’ve traded at over the past ~3 years, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

Price Level:Volume Sentiment Analysis For XLK, The Technology Select Sector SPDR Fund ETF

The top table below shows the support & resistance levels of XLK from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~3 years, using Wednesday 3/17/2025’s closing data for their price & moving averages/other technicals.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level XLK has traded at over the past ~3 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLK.

$244 – NULL – 0:0*, +13.26% From Current Price Level

$240 – Buyers – 29:1, +11.41% From Current Price Level

$236 – Buyers – 1.73:1, +9.55% From Current Price Level

$232 – Buyers – 1.6:1, +7.69% From Current Price Level

$228 – Sellers – 1.43:1, +5.83% From Current Price Level – 50 Day Moving Average*

$224 – Buyers – 1.27:1, +3.98% From Current Price Level – 200 Day Moving Average*

$220 – Buyers – 1.14:1, +2.12% From Current Price Level

$216 – Sellers – 1.14:1, +0.26% From Current Price Level

$212 – Buyers – 1.37:1, -1.59% From Current Price Level – 10 Day Moving Average & Current Price Box**

$208 – Buyers – 1.68:1, -3.45% From Current Price Level

$204 – Buyers – 1.53:1, -5.31% From Current Price Level

$200 – Sellers – 1.14:1, -7.16% From Current Price Level

$198 – Buyers – 6.33:1, -8.09% From Current Price Level

$196 – Sellers – 2.93:1, -9.02% From Current Price Level

$194 – Sellers – 1.22:1, -9.95% From Current Price Level

$192 – Sellers – 1.33:1, -10.88% From Current Price Level

$190 – Buyers – 1.58:1, -11.8% From Current Price Level

$188 – Buyers – 2:1, -12.73% From Current Price Level

$186 – Buyers – 3.67:1, -13.66% From Current Price Level

$184 – Sellers – 1.17:1, -14.59% From Current Price Level

$182 – Buyers – 1.74:1, -15.52% From Current Price Level

$180 – Even – 1:1, -16.45% From Current Price Level

$178 – Buyers – 0.8:0*, -17.37% From Current Price Level

$176 – Buyers – 1.77:1, -18.3% From Current Price Level

$174 – Sellers – 1.04:1, -19.23% From Current Price Level

$172 – Buyers – 1.11:1, -20.16% From Current Price Level

$170 – Buyers – 1.52:1, -21.09% From Current Price Level

$168 – Buyers – 2.88:1, -22.02% From Current Price Level

$166 – Even – 1:1, -22.94% From Current Price Level

$164 – Sellers – 1.52:1, -23.87% From Current Price Level

$162 – Buyers – 2.31:1, -24.8% From Current Price Level

$160 – Sellers – 1.35:1, -25.73% From Current Price Level

$158 – Buyers- 1.88:1, -26.66% From Current Price Level

$156 – NULL – 0:0*, -27.59% From Current Price Level

$154 – Buyers – 2.75:1, -28.52% From Current Price Level

$152 – Sellers – 1.5:1, -29.44% From Current Price Level

$150 – Buyers – 0.8:0*, -30.37% From Current Price Level

$148 – Even, 1:1, -31.3% From Current Price Level

$146 – Sellers – 1.22:1, -32.23% From Current Price Level

$144 – Sellers – 1.1:1, -33.16% From Current Price Level

$142 – Buyers – 1.05:1, -34.09% From Current Price Level

$140 – Buyers – 1.69:1, -35.01% From Current Price Level

$138 – Sellers – 1.1:1, -35.94% From Current Price Level

$136 – Buyers – 1.22:1, -36.87% From Current Price Level

$134 – Buyers – 1.68:1, -37.8% From Current Price Level

$132 – Buyers – 1.11:1, -38.73% From Current Price Level

$130 – Buyers – 1.54:1, -39.66% From Current Price Level

$128 – Sellers – 1.2:1, -40.58% From Current Price Level

$126 – Sellers – 1.29:1, -41.51% From Current Price Level

$124 – Buyers – 1.15:1, -42.44% From Current Price Level

$122 – Sellers – 1.02:1, -43.37% From Current Price Level

$120 – Sellers – 1.29:1, -44.3% From Current Price Level

$118 – Sellers – 1.52:1, -45.23% From Current Price Level

$116 – Sellers – 1.24:1, -46.15% From Current Price Level

$114 – Sellers – 2.4:0*, -47.08% From Current Price Level

$112 – NULL – 0:0*, -48.01% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLK AT THE TIME OF PUBLISHING THIS ARTICLE ***

NVDIA Corp. stock trades under the ticker NVDA and has advanced +68.27% over the past year, rising +76.1% since their 52-week low in February of 2024, but has declined -23.82% since their 52-week high on January 7, 2025 (excluding dividends).

The past six days have proven difficult for NVDA, as despite hitting a fresh 52-week high in early January, the news about DeepSeek, tariff jitters & concerns about Federal Reserve policy have all contributed to volatility for the high flying stock that was one of the darlings of 2024.

Yesterday was especially tough, as they gapped down to open below their long-term trend line (200 Day Moving Average), which may signal that there is a large shift on the horizon for NVDA, as well as other names in the technology & A.I. space.

With that in mind, it is important to understand the strength of NVDA’s support & resistance levels in order to get an idea as to how they may trade in the future when prices retest these levels.

Below is a brief technical analysis of NVDA, as well as a price level:volume sentiment analysis of the price levels NVDA has traded at over the ~1 year.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on NVDA.

Technical Analysis Of NVIDIA Corp. NVDA Stock

Their RSI is trending toward the oversold level at 30 & sits currently at 36.81, while their MACD has been bearish for the past week & its histogram is becoming more bearish after yesterday’s -2.84% decline.

Volumes since last Monday have been +38.49% higher than the prior year’s average (508,360,000 vs. 363,455,360), which is a bad sign given that most of that volume has been during declines & consolidation moves.

It is also worth noting that the major index ETFs have had far less volume over this time period, SPY’s last week was -5.93% lower than the prior year’s average, QQQ’s was +3.59% above its average, IWM was -16.66% lower than its average & DIA was -16.99% below its prior year’s average (per last week’s market review note).

That’s a pretty large discrepancy in volume between the indexes & NVDA & should be a cause for concern & something to keep watch of in the coming weeks.

Last Monday’s gap down was written in the stars after the preceding Friday’s high was unable to break above the second highest resistance level of the past year & the day’s candle formed a bearish engulfing pattern with the day prior.

Monday opened on a gap down that skipped through the 10 & 50 day moving averages, tested higher but was unable to touch the $129.51/share resistance point & prices broke down to cross the 200 day moving average’s support bearishly & close beneath it.

The lower shadow on the day’s candle also indicates that there is more downside appetite, but for the day the bulls were able to push prices above it.

Monday’s declining volume also eclipsed all but 3-4 sessions of the previous year based on a quick glance at their chart; sentiment has become questionable.

Tuesday NVDA opened in-line with its 200 day moving average, went lower than Monday’s lowest price, before the bulls stepped in to push prices higher for a gain on the day & a close above the resistance of the 200 day moving average.

Crisis was not averted though, as Wednesday opened lower near the middle of Tuesday’s candle’s real body & broke downward through the 200 DMA’s support, before climbing back up to close just above it, but with a lot of room to the downside covered by its lower shadow.

While Tuesday featured a lot of folks jumping back into the pool, Wednesday saw ~80%+ of that volume as declining, so there is quite a bit of uncertainty in the volume sentiment locally.

Thursday opened on a gap lower, broke down through the long-term trend, but was able to muster up the bullish support to power higher & close the day as an advancing session.

However, two notes of caution: A) that candle resembles a hanging man, but since it is in a consolidation range & not marking a top or bottom it is not a true hanging man (bearish) & B) volumes declined so much from the beginning of the week that it is hard to find anything to be enthusiastic about in terms of losing bearish sentiment.

Friday this was confirmed when NVDA opened slightly lower, pushed higher but got stopped at the $127.85/share level, before puking to close below the 200 DMA.

Monday saw NVDA take another leg lower on an opening gap down to below the $115/share mark & on light volume compared to the prior five days bulls were able to push the prices higher throughout the session to close above their open, but well below Friday’s close & its low.

Monday’s moves also flash a caution sign as the day closed above where it opened, but with that weak of volume vs. the previous five days there was not much bullishness to the move & it seemed more like cautious dip buying & perhaps some monthly rebalancing that was taken as a result of the lower prices.

The next support level to keep an eye on is $115.13, which will be where most market participants’ attention will be for the next week, particularly as over the past year it has been relatively even in that price zone between Buyers & Sellers.

Another area of focus will be the 10 & 200 day moving averages, as after today’s session 5 of the past 7 sessions closed below the long-term trend line & a bearish crossover appears imminent unless prices get squeezed higher.

Should this happen there will be some interesting movement for NVDA’s prices, as the bearish signal may be the catalyst that pushes prices down into a densely concentrated zone of historic Seller dominance over Buyers, which would then allow the 50 DMA time to catch up & also death cross.

There are no support levels between the $115.13 & $100.93/share levels, making it a potential slippery slope, especially when combined with Seller dominance from the $111.99-$97.99/share zone.

It is also worth noting in the section below that there is a NULL zone from $96-97.99/share & that the $95-95.99/share zone is Buyer dominated, but relatively untested as the Seller portion of the ratio (denominator) is 0.

The following section lays out NVDA’s one year support/resistance levels, as well as their Buyer:Seller (Seller:Buyer) ratios at each price level that they’ve traded at over the past ~1 year, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

Price Level:Volume Sentiment Analysis For NVIDIA Corp. NVDA Stock

The top table below shows the support & resistance levels of XLI from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~1 year, using Monday 2/3/2025’s closing data for their price & moving averages/other technicals.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level NVDA has traded at over the past ~1 year.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on NVDA.

$154 – NULL – 0:0*, +32.01% From Current Price Level

$152 – NULL – 0:0*, +30.29% From Current Price Level

$150 – NULL – 0:0*, +28.58% From Current Price Level

$148 – Buyers – 3:0*, +26.86% From Current Price Level

$146 – Buyers – 3.38:1, +25.15% From Current Price Level

$144 – Buyers – 1.07:1, +23.44% From Current Price Level

$142 – Sellers – 2.33:1, +21.72% From Current Price Level

$140 – Sellers – 1.46:1, +20.01% From Current Price Level

$138 – Buyers – 1.65:1, +18.29% From Current Price Level

$136 – Buyers – 2.21:1, +16.58% From Current Price Level – 50 Day Moving Average*

$134 – Buyers – 1.31:1, +14.86% From Current Price Level

$132 – Sellers – 2.08:1, +13.15% From Current Price Level

$130 – Sellers – 2.03:1, +11.43% From Current Price Level – 10 Day Moving Average*

$128 – Buyers – 6:1, +9.72% From Current Price Level

$126 – Sellers – 1.6:1, +8.01% From Current Price Level

$124 – Buyers – 2.86:1, +6.29% From Current Price Level

$122 – Sellers – 1.08:1, +4.58% From Current Price Level – 200 Day Moving Average*

$120 – Sellers – 1.6:1, +2.86% From Current Price Level

$118 – Sellers – 1.16:1, +1.15% From Current Price Level

$116 – Buyers – 1.33:1, -0.57% From Current Price Level – Current Price Zone*

$114 – Even – 1:1, -2.28% From Current Price Level

$112 – Buyers – 1.18:1, -3.99% From Current Price Level

$110 – Sellers – 3.1:0*, -5.71% From Current Price Level

$108 – Sellers – 1.85:1, -7.42% From Current Price Level

$106 – Sellers – 1.3:1, -9.14% From Current Price Level

$104 – Buyers – 2.62:1, -10.85% From Current Price Level

$102 – Sellers – 1.03:1, -12.57% From Current Price Level

$100 – Sellers – 2.4:0*, -14.28% From Current Price Level

$99 – NULL – 0:0*, -15.14% From Current Price Level

$98 – Sellers – 1.8:0*, -16% From Current Price Level

$97 – NULL – 0:0*, -16.85% From Current Price Level

$96 – NULL – 0:0*, -17.71% From Current Price Level

$95 – Buyers – 1.4:0*, -18.57% From Current Price Level

$94 – Sellers – 1.29:1, -19.42% From Current Price Level

$93 – NULL – 0:0*, -20.28% From Current Price Level

$92 – Sellers – 1.6:0*, -21.14% From Current Price Level

$91 – NULL – 0:0*, -22% From Current Price Level

$90 – NULL – 0:0*, -22.85% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN NVDA STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***

XLI, the Industrial Select Sector SPDR Fund ETF has had a strong year, advancing +20.69% Y-o-Y, including a 22.09% gain since its 52-week low in January of 2024 & sits currently just -4.65% below its 52-week high set in November of 2024 (all figures distributions).

Some of XLI’s biggest holdings include General Electric (GE), Caterpillar Inc. (CAT), RTX Corp. (RTX), Honeywell International Inc. (HON), Uber Technologies Inc. (UBER), Union Pacific Corp. (UNP), Eaton Corp PLC. (ETN), Boeing Co. (BA), Automatic Data Processing (ADP) & Deere + CO. (DE).

Industrials had a difficult December, but were able to bounce back temporarily during January, but have not found stable footing to continue their advance.

Monday’s gap down session also did not help the floundering sector ETF & it will be interesting to see what happens to XLI as earnings season continues.

Below is a brief technical analysis of XLI, as well as a price level:volume sentiment analysis of the price levels XLI has traded at over the ~2-3 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on XLI.

XLI, The Industrial Select Sector SPDR ETF’s Technical Performance Broken Down

Their RSI is trending back towards neutral & currently sits at 53.65, while their MACD is bullish, but has curled over heading bearishly towards the signal line & their histogram is signaling weakness after Monday’s gap down session.

Volumes over the past week & a half have been +4.55% above the prior year’s average level (8,872,857.14 vs. 8,486,944.44), which is a slight cause for concern given that most of those sessions have shown declines.

Last Tuesday opened up the short holiday week on a gap up session following the previous Friday’s doji close.

Tuesday’s advance also came on the highest volume that XLI has seen so far in 2025.

Wednesday there was some profit taking after XLI opened on a gap up but wound up closing the session lower, before Thursday saw another advance.

Both Wednesday & Thursday were on light volumes, indicating that there was some hesitancy among market participants & signaling that there was a high likelihood that the window created by Tuesday’s session was likely to be closed soon.

Friday confirmed this, when XLI opened slightly below Thursday’s close & continued down to close below Thursday’s opening price & showed a lower shadow that indicated that there was more downside appetite.

Monday the fireworks started as the session opened on a gap down with the second highest volume of 2025 to date & the day resulted in a spinning top.

While the session managed to close higher than it opened, there was still a lot of uncertainty & negative sentiment given that the day’s candle was a spinning top & the declining volume was so high.

This theme continued on Tuesday when XLI opened higher, but began to decline & tested & broke through the support of the 10 day moving average, but managed to close relatively in-line with it on volumes that eclipsed most of the previous week’s.

Tuesday’s candle formed a bearish engulfing pattern with Monday’s & signaled that there is further weakness on the horizon for XLI.

This was confirmed Wednesday, when sellers came out in larger numbers than the previous day to test the 10 DMA’s resistance, get rejected & continue lower for a decline of -0.34%.

XLI’s price is now between the 10 & 50 day moving averages where it is likely to stay for the coming days in a consolidation range unless there is news on the earnings or economic data front that force a breakout in either direction.

Any upside movement will require a significant increase in volume to remain sustainable in the wake of the recent sell-off of XLI.

It is also important to note that once prices break down below the $137.13 support level there is no support for another -3.12% & the entire walk down is through price zones that over the past ~2-3 years have been dominated by Sellers.

It is also worth noting that the 10 DMA’s resistance is in a historically Seller dominated zone as well, which will make it more difficult to break out from.

The following section lays out XLI’s one year support/resistance levels, as well as their Buyer:Seller (Seller:Buyer) ratios at each price level that they’ve traded at over the past ~2-3 years, which can be used as a barometer for estimating the expected strength/weakness of each of the support/resistance levels.

Price Level:Volume Sentiment For XLI, The Industrials Select Sector SPDR ETF

The top table below shows the support & resistance levels of XLI from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~2-3 years, using Wednesday 1/29/2025’s closing data for their price & moving averages/other technicals.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level XLI has traded at over the past ~2-3 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLI.

$144 – NULL – 0:0*, +4.51% From Current Price Level

$142 – Buyers – 3:1, +3.06% From Current Price Level

$140 – Buyers – 4:1, +1.6% From Current Price Level

$138 – Sellers – 1.83:1, +0.15% From Current Price Level – 10 Day Moving Average*

$136 – Sellers -1.63:1, -1.3% From Current Price Level – Current Price Level & 50 Day Moving Average**

$134 – Sellers – 1.06:1, -2.75% From Current Price Level

$132 – Sellers – 1.06:1, -4.2% From Current Price Level

$130 – Sellers – 2.25:1, -5.65% From Current Price Level

$128 – Buyers – 3.67:1, -7.11% From Current Price Level – 200 Day Moving Average*

$126 – Buyers – 2.56:1, -8.56% From Current Price Level

$124 – Buyers – 1.38:1, -10.01% From Current Price Level

$122 – Buyers – 1.09:1, -11.46% From Current Price Level

$120 – Buyers – 1.2:1, -12.91% From Current Price Level

$118 – Sellers – 2.24:1, -14.36% From Current Price Level

$116 – Buyers – 5:1, -15.81% From Current Price Level

$114 – Buyers – 2.5:1, -17.27% From Current Price Level

$112 – Buyers – 3.33:1, -18.72% From Current Price Level

$110 – Sellers – 1.03:1, -20.17% From Current Price Level

$108 – Buyers – 1.14:1, -21.62% From Current Price Level

$106 – Buyers – 1.73:1, -23.07% From Current Price Level

$104 – Buyers – 1.19:1, -24.52% From Current Price Level

$102 – Buyers – 1.21:1, -25.97% From Current Price Level

$100 – Buyers – 1.77:1, -27.43% From Current Price Level

$99 – Buyers – 1.24:1, -28.15% From Current Price Level

$98 – Buyers – 2.32:1, -28.88% From Current Price Level

$97 – Buyers – 1.38:1, -29.6% From Current Price Level

$96 – Buyers – 1.04:1, -30.33% From Current Price Level

$95 – Sellers – 1.1:1, -31.05% From Current Price Level

$94 – Sellers – 1.57:1, -31.78% From Current Price Level

$93 – Sellers – 1.85:1, -32.51% From Current Price Level

$92 – Sellers – 1.08:1, -33.23% From Current Price Level

$91 – Buyers – 1.25:1, -33.96% From Current Price Level

$90 – Sellers – 2.5:1, -34.68% From Current Price Level

$89 – Even – 1:1, -35.41% From Current Price Level

$88 – Sellers – 1.87:1, -36.13% From Current Price Level

$87 – Buyers – 1.17:1, -36.86% From Current Price Level

$86 – Sellers – 1.1:1, -37.59% From Current Price Level

$85 – Buyers – 1.39:1, -38.31% From Current Price Level

$84 – Sellers – 1.73:1, -39.04% From Current Price Level

$83 – Sellers – 1.23:1, -39.76% From Current Price Level

$82 – Sellers – 1.8:1, -40.49% From Current Price Level

$81 – Sellers – 2.2:0*, -41.21% From Current Price Level

$80 – Sellers – 1.4:0*, -41.94% From Current Price Level

$79 – NULL – 0:0*, -42.67% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLI AT THE TIME OF PUBLISHING THIS ARTICLE ***

XLF, the Financial Select Sector SPDR Fund ETF has had a solid year, gaining +27.24% over the past year & +30.83% since their 52-week low in January of 2024, while sitting -6.35% below their 52-week high set in November of 2024 (all figures ex-distributions).

This is attributed to the strong performance among the financial sector over the past year, as banks for the most part have had a great year up until the past month.

Some of their biggest holdings include Berkshire Hathaway Inc CL B (BRK/B), JP Morgan Chase & Co. (JPM), Visa Inc Class A Shares (V), Mastercard Inc Class A (MA), Bank of America Corp. (BAC), Wells Fargo & Co. (WFC), Goldman Sachs Group Inc. (GS), American Express Co (AMEX), Morgan Stanley (MS) & S&P Global Inc. (SPGI).

Since early December there has been a bit of weakness showing in the financial sector, and with earnings season kicking off next week for many of the banks it is worth examining how market participants have behaved previously at different price levels.

This can be beneficial for understanding & assessing the strength of support/resistance levels that may be tested in the coming weeks as these companies begin to report earnings, as well as for when other companies across other sectors report as well.

Below is a brief technical analysis of XLF, as well as a price level:volume sentiment analysis of the price levels XLF has traded at over the ~16 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on XLF.

XLF, The Financial Select Sector SPDR Fund ETF’s Technical Performance Broken Down

The RSI is trending lower just below the neutral 50 mark & sits currently at 44.33, while their MACD is bearish, but has flattened out & is moving towards the signal line with its histogram waning after their past week & a half’s consolidation.

Volumes over the past week & a half have been -8.83% lower than the previous year’s average level (37,200,000 vs. 40,804,007.94), which reflects caution given that they’ve been consolidating & that the past nine months have seen much lower volumes than the previous years’ average levels.

Another area to note about their recent volumes is that the declining volumes have been eclipsing the advancing volumes, as it appears that the bulls are either becoming exhausted or have been collecting their profits in the wake of the post-election gap up from early November that greatly benefitted XLF.

Last Monday XLF resembled the major four indexes (SPY, QQQ, IWM & DIA), as the week kicked off on a gap down below the support of the 10 day moving average & the session resulted in a high wave doji, setting the stage for the consolidation range that they’ve traded in since.

XLF was unable to break above the resistance of the 10 DMA & showed that market participants had the appetite to send it below $48/share briefly after the week prior’s brief rally higher.

Tuesday opened on a gap up to be in-line with the 10 DMA & was able to briefly break out above it, but the rest of the session resulted in tested lower, including to below the open/close of Monday’s session before ultimately closing above it, but below their opening price, indicating more bearish sentiment.

Thursday confirmed this, as the session opened higher above the 10 DMA & made a run at the 50 day moving average’s resistance, but came up short & wound up retreating down to below the $48/share level before settling just below the resistance of the 10 day moving average, forming a bearish engulfing candle pattern with Tuesday’s session.

The weak sentiment continued on Friday, when despite an advancing session there was bearish flags thrown all around, starting with the low volume of the day.

Additionally, while the session opened above the 10 DMA’s support, it drifted below it towards the $48/share price level, before rallying higher to close above its open, but in the process forming a hanging man candle (bearish).

Monday opened with a glimmer of hope on a gap up to just below the 50 DMA’s resistance, briefly broke above it, before the bears came back into control & forced prices back to close below the 10 DMA’s support & based on the small lower shadow & highest daily volume of the prior two (short) weeks showed that there was still a lot of uncertainty & hesitancy in the air.

Tuesday that narrative continued, when on slightly lower than Monday’s volume XLF opened midway between Monday’s range & broke down through the 10 DMA’s support to close lower, with their lower shadow showing that market participants were still eyeing that $48/share price level.

For the rest of this week & into next week market participants should have their eye on how XLF’s price behaves within the consolidation range that’s been set by the 50 DMA, $48/share price level & the 10 DMA which is oscillating around in between the two marks.

Prices have spent all of 2025 & the last two sessions of 2024 straddling the 10 DMA, while attempting to break out one way or the other from the 50 DMA to the upside & the $48 mark on the downside.

So far there seems to be more appetite for the downside breakout, but Monday’s session breaking the 50 DMA’s resistance briefly offers a glimmer of hope for investors hoping to see XLF break out to the upside.

The $48/share price level has been relatively even split between Buyers & Sellers, coming in at 1:1, while a breakout above the 50 DMA would place XLF into another Even price level, where Buyers & Sellers have met at a ratio of 1:1.

Should the $48 mark break down the $47-47.99 zone has been Buyer dominated at a rate of 0.2:0*, indicating that there has not been much downside testing compared to advancing volume & that it may be due for a test from the bears.

It is likely that barring any extreme news that the price will continue along in the manner mentioned above for the next week or so until we begin to see earnings reports for the financial companies, which will be where all eyes are watching on 1/15 & 1/16/2025.

Given that this recent consolidation looks set to continue before breaking out in either direction, it is imperative to understand how investors have behaved at the different price levels XLF has historically traded at in order to get a sense of how they may behave again.

The section below lays out how the buyers & sellers have met at each price level XLF has traded at over the past ~16 years.

While it is not indicative of future performance, history repeats itself & or rhymes & this can be used as a barometer to anticipate how market participants may behave when faced with these price levels again.

Price Level:Volume Sentiment Analysis For XLF, The Financial Select Sector SPDR Fund ETF

The top table below shows the support & resistance levels of XLF from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~16 years, using Tuesday 1/7/2025’s closing data for their price & moving averages/other technicals.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level XLF has traded at over the past ~16 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLF.

$52 – NULL – 0:0*, +7.59% From Current Price Level

$51 – NULL – 0:0*, +5.52% From Current Price Level

$50 – Sellers – 0.1:0*, +3.46% From Current Price Level

$49 – Even – 1:1, +1.39% From Current Price Level

$48 – Even – 1:1, -0.68% From Current Price Level – Current Price Level, 10 & 50 Day Moving Averages***

$47 – Buyers – 0.2:0*, -2.75% From Current Price Level

$46 – Even – 1:1, -4.82% From Current Price Level

$45 – Buyers – 01.:0*, -6.89% From Current Price Level

$44 – Buyers – 2:1, -8.96% From Current Price Level – 200 Day Moving Average*

$43 – Even – 1:1, -11.03% From Current Price Level

$42 – Even – 1:1, -13.1% From Current Price Level

$41 – Buyers – 2.5:1, -15.17% From Current Price Level

$40 – Sellers 1.5:1, -17.24% From Current Price Level

$39 – Buyers- 1.67:1, -19.3% From Current Price Level

$38 – Buyers – 2.33:1, -21.37% From Current Price Level

$37 – Buyers – 1.25:1, -23.44% From Current Price Level

$36 – Buyers – 1.18:1, -25.51% From Current Price Level

$35 – Sellers – 1.25:1, -27.58% From Current Price Level

$34 – Buyers – 1.5:1, -29.65% From Current Price Level

$33 – Even – 1:1, -31.72% From Current Price Level

$32 – Buyers – 1.07:1, -33.79% From Current Price Level

$31 – Sellers – 1.14:1, -35.86% From Current Price Level

$30 – Sellers – 1.86:1, -37.93% From Current Price Level

$29 – Sellers – 1.75:1, -40% From Current Price Level

$28 – Buyers – 1.67:1, -42.06% From Current Price Level

$27 – Buyers – 1.2:1, -44.13% From Current Price Level

$26 – Buyers – 1.33:1, -46.2% From Current Price Level

$25 – Buyers – 1.43:1, -48.27% From Current Price Level

$24 – Buyers – 1.2:1, -50.34% From Current Price Level

$23 – Sellers – 1.03:1, -52.41% From Current Price Level

$22 – Sellers – 1.05:1, -54.48% From Current Price Level

$21 – Buyers – 1.45:1, -56.55% From Current Price Level

$20 – Sellers – 1.07:1, -58.62% From Current Price Level

$19.50 – Sellers – 1.33:1, -59.65% From Current Price Level

$19 – Even – 1:1, -60.69% From Current Price Level

$18.50 – Buyers – 2:1, -61.72% From Current Price Level

$18 – Buyers – 3:1, -62.76% From Current Price Level

$17.50 – Buyers – 02:0*, -63.79% From Current Price Level

$17 – Even – 1:1, -64.83% From Current Price Level

$16.50 – Buyers – 1.33:1, -65.86% From Current Price Level

$16 – Buyers – 1.04:1, -66.89% From Current Price Level

$15.50 – Even – 1:1, -67.93% From Current Price Level

$15 – Sellers – 1.12:1, -68.96% From Current Price Level

$14.50 – Buyers – 1.23:1, -70% From Current Price Level

$14 – Buyers – 1.27:1, -71.03% From Current Price Level

$13.50 – Even – 1:1, -72.07% From Current Price Level

$13 – Buyers – 1.11:1, -73.1% From Current Price Level

$12.50 – Buyers – 1.5:1, -74.14% From Current Price Level

$12 – Buyers – 1.67:1, -75.17% From Current Price Level

$11.50 -Buyers – 1.43:1, -76.21% From Current Price Level

$11 – Buyers – 1.6:1, -77.24% From Current Price Level

$10.50 – Buyers – 1.6:1, -78.27% From Current Price Level

$10 – Buyers – 1.24:1, -79.31% From Current Price Level

$9.50 – Buyers – 1.26:1, -80.34% From Current Price Level

$9 – Buyers – 1.05:1, -81.38% From Current Price Level

$8.50 – Sellers – 1.15:1, -82.41% From Current Price Level

$8 – Buyers – 1.69:1, -83.45% From Current Price Level

$7.50 – Even – 1:1, -84.48% From Current Price Level

$7 – Sellers – 1.53:1, -85.52% From Current Price Level

$6.50 – Buyers – 1.71:1, -86.55% From Current Price Level

$6 – Sellers – 2.5:1, -87.59% From Current Price Level

$5.50 – Buyers – 2.11:1, -88.62% From Current Price Level

$5 – Sellers – 2.43:1, -89.65% From Current Price Level

$4.75 – Buyers – 1.08:1, -90.17% From Current Price Level

$4.50 – Sellers – 0.8:0*, -90.69% From Current Price Level

$4.25 – Buyers – 2.33:1, -91.21% From Current Price Level

$4 – Sellers – 0.4:0*, -91.72% From Current Price Level

$3.75 – Sellers – 2.5:1, -92.24% From Current Price Level

$3.50 – NULL – 0:0*, -92.76% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLF AT THE TIME OF PUBLISHING THIS ARTICLE ***