SPDR S&P BANK ETF (KBE) Stock Technical Analysis
NYSEARCA:KBE - NYSE Arca - US78464A7972 - ETF - Currency: USD
Taking everything into account, KBE scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, KBE is only an average performer.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
KBE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
KBE has an average volume of 1577510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, KBE turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
KBE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so KBE is lagging the market.
Besides having an excellent technical rating, KBE also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 55.93, a Stop Loss order could be placed below this zone.
More info and screens
46.76
60.52
We found 4 important support areas.
- A support zone ranging from 55.50 to 55.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.38 to 52.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @48.79 from a trend line in the weekly time frame.
- Support @47.23 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 57.94 to 59.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for KBE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for KBE is neutral. |
| ChartMill Relative Strength | 61.43 | NEUTRAL | KBE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of KBE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KBE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KBE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.95 | NEUTRAL | The RSI value for KBE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests KBE has a negative trend. |
| Stochastics (14,3) | 62.48 | NEUTRAL | The Stochastics value for KBE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for KBE suggests low volalility. |
| Average Directional Index/ADX (14) | 23.89 | NEUTRAL | The ADX value for KBE suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 59.22 | 56.22 | 3.00 (5.07%) | 19.71% |
| An entry @59.22. This is a Buy Stop order right above the 10 day high. | An exit @56.22. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.00 points, which is 5.07%. | When investing 19.71% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
57.75
-0.02 (-0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.03%
1 Week-1.18%
2 Weeks-0.69%
1 Month3.53%
3 Month14.81%
6 Month-0.57%
12 Month5.56%
2 Year37.63%
3 Year18.95%
5 Year85.87%
10 Year59.84%
15 Year138.74%
Volatility
ATR(14)1.01
ATR(20)%1.83%
ATR Inc-1.18%
Range Today0.97
ADR(20)1.03
ADR(20)%1.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.43
Mansfield-0.37
10 Day High59.21
10 Day Low56.23
20 Day High59.21
20 Day Low55.44
52 Week High63.74
52 Week Low44.34
CS1 End55.93
CR1 Start57.94
Volume & EV
DER(3)-5.03%
DER(5)-5.63%
Volume1.32M
Volume Incr-29.69%
Vol(5)1.23M
Vol(50)1.58M