SPDR S&P HOMEBUILDERS ETF (XHB) Stock Technical Analysis
NYSEARCA:XHB - NYSE Arca - US78464A8889 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to XHB. XHB has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
In the last month XHB has a been trading in the 91.71 - 99.53 range, which is quite wide. It is currently trading near the high of this range.
XHB has an average volume of 2149260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When compared to the yearly performance of all other stocks, XHB outperforms 41% of them, which is more or less in line with the market.
XHB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so XHB is lagging the market.
Although the technical rating is only medium, XHB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 100.89. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for XHB in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
85.92
102.90
When analyzing the support we can see 4 important areas.
- A support zone ranging from 95.83 to 98.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 93.07 to 94.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @90.85 from a horizontal line in the weekly time frame.
- Support @86.79 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 100.89 to 101.88. 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 | DOWN | NEGATIVE | The long term trend for XHB is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XHB is up. |
| ChartMill Relative Strength | 41.38 | NEUTRAL | XHB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XHB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XHB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of XHB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57 | NEUTRAL | The RSI value for XHB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests XHB has a positive trend. |
| Stochastics (14,3) | 80.72 | OVERBOUGHT | The high Stochastics value suggests XHB may be overbought. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for XHB suggests some volalility. |
| Average Directional Index/ADX (14) | 13.11 | NEGATIVE | The low ADX value for XHB suggests a weak or negative 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)
98.57
+0.11 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.11%
1 Week1.2%
2 Weeks4.61%
1 Month4.57%
3 Month6.14%
6 Month-5.92%
12 Month0.62%
2 Year22.75%
3 Year80.17%
5 Year124.53%
10 Year169.17%
15 Year588.34%
Volatility
ATR(14)2.16
ATR(20)%2.11%
ATR Inc-25.21%
Range Today1.3
ADR(20)1.98
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.38
Mansfield-1.44
10 Day High99.53
10 Day Low92.86
20 Day High99.53
20 Day Low91.71
52 Week High126.09
52 Week Low84.48
CS1 End98.37
CR1 Start100.89
Volume & EV
DER(3)3.67%
DER(5)2.06%
Volume1.81M
Volume Incr-13.33%
Vol(5)2.07M
Vol(50)2.15M