SPDR S&P BANK ETF (KBE) Stock Technical Analysis
NYSEARCA:KBE - US78464A7972 - ETF
61.17 USD
+0.39 (+0.64%)
60.71 USD
-0.46 (-0.75%)
Taking everything into account, KBE scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, KBE is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that KBE is one of the better performing stocks in the market, outperforming 74% of all stocks.
KBE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so KBE is lagging the market slightly.
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 1538540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, KBE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 61.85. Right above this resistance zone may be a good entry point.
More info and screens
49.37
63.40
4 important support areas can be observed.
- A support zone ranging from 58.29 to 58.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.95 to 55.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @52.38 from a horizontal line in the daily time frame.
- Support @49.87 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 61.85 to 62.77. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for KBE is up. |
| ChartMill Relative Strength | 74.29 | POSITIVE | KBE has a high relative strength, it outperformed 74.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KBE is above 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) | 62.98 | NEUTRAL | The RSI value for KBE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests KBE has a negative trend. |
| Stochastics (14,3) | 66.33 | NEUTRAL | The Stochastics value for KBE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for KBE suggests low volalility. |
| Average Directional Index/ADX (14) | 29.16 | POSITIVE | The high ADX value value for KBE suggests a strong 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 |
|---|---|---|---|
| 62.78 | 59.82 | 2.96 (4.71%) | 21.21% |
| An entry @62.78. This is a Buy Stop order right above the resistance zone. | An exit @59.82. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.96 points, which is 4.71%. | When investing 21.21% 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.
61.17
+0.39 (+0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.64%
1 Week-0.75%
2 Weeks-0.18%
1 Month3.92%
3 Month15.7%
6 Month15.94%
12 Month17.54%
2 Year66%
3 Year38.11%
5 Year107.71%
10 Year84.03%
15 Year166.54%
Volatility
ATR(14)1.04
ATR(20)%1.56%
ATR Inc-25.35%
Range Today0.83
ADR(20)0.91
ADR(20)%1.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.29
Mansfield-0.09
10 Day High62.44
10 Day Low59.83
20 Day High62.44
20 Day Low57.46
52 Week High63.74
52 Week Low44.34
CS1 End58.6
CR1 Start61.85
Volume & EV
DER(3)0.38%
DER(5)-0.03%
Volume1.50M
Volume Incr-7.77%
Vol(5)1.44M
Vol(50)1.54M