Auto-detected technical analysis for XLP · data as of Jun 30, 2026. The chart above is live; the read below updates daily.
$83.07last close · Jun 30, 2026
XLP bearish pennant pattern
XLP 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 $74.42 (−5.9%). Across 11,004 backtested bearish pennants, the setup followed through 44.1% of the time, averaging +0.15R.
XLP's most recent completed Symmetrical Triangle resolved as a loss: it broke down on Dec 22, 2025 near $77.88, then was stopped out at $80.18 on Jan 12, 2026 — a -1.10R move (3.0%) over 13 sessions. Across 116 backtested symmetrical triangles, this setup wins 52.6% of the time.
OutcomeLossResult-1.10REntry$77.88Exit$80.18
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.
XLP support and resistance levels
Price found a floor near $76.21 about 6 months ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $107.49 — still about 29% away.
Traders commonly watch $107.49 as a target (its 261.8% extension) — think of it as a sensible next stop, not a guarantee.
That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
There's nothing to act on here — the spot to watch was the $76.21 floor about 6 months ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.
Nearest auto-detected support sits near $82.85, resistance near $83.60. These are chart/swing-derived levels, not formula pivots.
Resistance
$83.60$107.64$108.89$110.97$119.33$120.11
Support
$82.85$76.18$76.03$75.74$75.01
XLP recent daily prices
Date
Open
High
Low
Close
Jun 30, 2026
$83.99
$84.09
$82.95
$83.07
Jun 29, 2026
$84.91
$85.08
$84.05
$84.37
Jun 26, 2026
$84.65
$85.22
$84.45
$84.71
Jun 25, 2026
$83.95
$84.99
$83.70
$83.94
Jun 24, 2026
$84.04
$84.81
$83.82
$84.44
Jun 23, 2026
$83.62
$83.84
$83.03
$83.72
Jun 22, 2026
$82.66
$83.14
$82.15
$82.18
Jun 18, 2026
$83.84
$83.89
$83.13
$83.30
Jun 17, 2026
$85.19
$85.39
$83.36
$83.68
Jun 16, 2026
$85.79
$86.35
$85.09
$85.59
XLP frequently asked questions
What chart pattern is XLP forming right now?
As of Jun 30, 2026, TradingPal's detector identifies a Bearish Pennant on Consumer Staples Select Sector SPDR (XLP) on the daily chart, with a measured-move target of $74.42.
Is a Bearish Pennant bullish or bearish?
The Bearish Pennant detected on XLP is a bearish pattern, projecting a measured-move target of $74.42. 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 XLP?
Based on auto-detected, swing-derived levels (as of Jun 30, 2026), XLP's nearest support is around $82.85 and nearest resistance around $83.60.
What is the price target if XLP's pattern breaks out?
The detected Bearish Pennant has a geometry-based measured-move target of $74.42 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was XLP's closing price on Jun 30, 2026?
Consumer Staples Select Sector SPDR (XLP) last closed at $83.07 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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