Auto-detected technical analysis for XLB · data as of Jun 30, 2026. The chart above is live; the read below updates daily.
$50.83last close · Jun 30, 2026
XLB bearish pennant pattern
XLB is currently forming a Bearish Pennant on the daily timeframe. Detected Jun 30, 2026.
A Bearish Pennant is a breakdown that suggests the recent run may be rolling over. A breakout projects a measured-move target near $42.50 (−7.0%). Across 11,004 backtested bearish pennants, the setup followed through 44.1% of the time, averaging +0.15R.
XLB's most recent completed Symmetrical Triangle resolved as a win: it broke down on Sep 9, 2025 near $45.27, then reached its target at $42.50 on Nov 3, 2025 — a +2.65R move (6.1%) over 39 sessions. Across 89 backtested symmetrical triangles, this setup wins 52.8% of the time.
OutcomeWinResult+2.65REntry$45.27Exit$42.50
How bearish pennants have performed
Win rate
44.1%
Avg return
+0.15R
Backtested trades
11,004
Historical pattern statistics (1986-12-12 – 2026-06-12), not a prediction.
XLB support and resistance levels
Price was turned away at a ceiling near $54.00 about 2 weeks ago and has been sliding since. On the weekly chart, the next floor below sits near $48.45 — still about 5% away.
Traders commonly watch $48.45 as a target (its 50% retracement) — think of it as a sensible next stop, not a guarantee.
That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
There's nothing to act on here — the spot to watch was the $54.00 ceiling about 2 weeks ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.
Nearest auto-detected support sits near $47.82, resistance near $53.29. These are chart/swing-derived levels, not formula pivots.
Resistance
$53.29$53.98$56.55$56.76$57.71$59.95$60.14$63.46
Support
$47.82$47.61
XLB recent daily prices
Date
Open
High
Low
Close
Jun 30, 2026
$51.07
$51.19
$50.67
$50.83
Jun 29, 2026
$51.28
$51.40
$50.25
$50.66
Jun 26, 2026
$51.57
$51.89
$51.38
$51.60
Jun 25, 2026
$51.41
$52.19
$51.27
$51.84
Jun 24, 2026
$50.87
$51.53
$50.79
$51.16
Jun 23, 2026
$51.07
$51.48
$50.79
$50.87
Jun 22, 2026
$51.18
$51.82
$51.15
$51.62
Jun 18, 2026
$52.22
$52.43
$51.76
$51.81
Jun 17, 2026
$52.52
$53.31
$51.86
$52.02
Jun 16, 2026
$52.69
$53.09
$52.64
$52.72
XLB frequently asked questions
What chart pattern is XLB forming right now?
As of Jun 30, 2026, TradingPal's detector identifies a Bearish Pennant on Materials Select Sector SPDR (XLB) on the daily chart, with a measured-move target of $42.50.
Is a Bearish Pennant bullish or bearish?
The Bearish Pennant detected on XLB is a bearish pattern, projecting a measured-move target of $42.50. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a Bearish Pennant pattern, and what is its win rate?
Across TradingPal's backtest of the Bearish Pennant family (11,004 trades over 516 symbols), it resolved in the expected direction 44.1% of the time with an average of +0.15R. These are historical statistics, not a prediction.
What are the support and resistance levels for XLB?
Based on auto-detected, swing-derived levels (as of Jun 30, 2026), XLB's nearest support is around $47.82 and nearest resistance around $53.29.
What is the price target if XLB's pattern breaks out?
The detected Bearish Pennant has a geometry-based measured-move target of $42.50 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was XLB's closing price on Jun 30, 2026?
Materials Select Sector SPDR (XLB) last closed at $50.83 on Jun 30, 2026. For the live quote, see the chart above or a real-time quote provider.
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.
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