
Technical analysis of State Street Materials Select Sector SPDR ETF (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
The State Street Materials Select Sector SPDR ETF (XLB) is an exchange-traded fund that tracks the performance of a sector index through a replication strategy. The fund invests at least 95% of its assets in securities of companies in the chemicals, metals and mining, paper and forest products, containers and packaging, and construction materials industries.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for October 16, 2026, computed on the last 12 months of prices.
21 sessions
49.60 $
+2.66%
50 sessions
51.03 $
−0.21%
200 sessions
50.48 $
+0.87%
s2
49.59
Support
s1
50.07
Support
pivot
50.39
Pivot
r1
50.87
Resistance
r2
51.19
Resistance
In the October 16, 2026 session State Street Materials Select Sector SPDR ETF closed higher at 50.92 $, +0.71% versus the previous session.
The price sits mixed against its moving averages: +2.66% against the 21-session average, −0.21% against the 50 and +0.87% against the 200.
The 14-period RSI reads 58.9, in neutral territory.
MACD stands at -0.175 against a signal line at -0.429: the histogram is positive (+0.255).
ADX reads 17.6, indicating weak directionality.
Levels computed on the latest session place supports at 50.07 and 49.59 $ and resistances at 50.87 and 51.19 $, around a pivot of 50.39.
The average daily range (ATR) is 0.744 $, or 1.46% of price.
Turnover was 12.5M shares, 107% of the 20-session average.
Over the last twelve months the price ranged between 47.81 and 53.94 $, and today stands −5.60% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
How is State Street Materials Select Sector SPDR ETF analysed technically?
Technical analysis of State Street Materials Select Sector SPDR ETF is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for State Street Materials Select Sector SPDR ETF?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to State Street Materials Select Sector SPDR ETF?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to State Street Materials Select Sector SPDR ETF it helps frame the technical structure of the historical chart and is not a forecast.
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