We assign a technical rating of 7 out of 10 to XHB. XHB has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- The long and short term trends are both positive. This is looking good!
- XHB 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 XHB is lagging the market slightly.
- In the last month XHB has a been trading in the 102.71 - 116.21 range, which is quite wide. It is currently trading near the high of this range.
- XHB has an average volume of 1960260 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, XHB turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
- Volume is considerably higher in the last couple of days.
Although XHB has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
98.49
When analyzing the support we can see 2 important areas.
- A support zone ranging from 102.27 to 108.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 99.48 to 100.40. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- Resistance @116.67 from a trend line in the weekly time frame.
- Resistance @119.36 from a horizontal line in the weekly time frame.
- Resistance @122.89 from a horizontal line in the weekly time frame.
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 XHB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XHB is up. |
| ChartMill Relative Strength | 51.05 | 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) | UP | POSITIVE | The current price of XHB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.77 | NEUTRAL | The RSI value for XHB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.8 | POSITIVE | The MACD value suggests XHB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.69 | OVERBOUGHT | The high Stochastics value suggests XHB may be overbought. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for XHB suggests some volalility. |
| Average Directional Index/ADX (14) | 20.23 | NEUTRAL | The ADX value for XHB suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 116.68 | 102.70 | 13.98 (11.98%) | 8.35% |
| An entry @116.68. This is a Buy Stop order right above the resistance zone. | An exit @102.70. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 13.98 points, which is 11.98%. | For a 1.00% total portfolio risk, you can invest 8.35% of your capital in this trade. |
- 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.
111.89
-2.67 (-2.33%)
SS SPDR S&P HOMEBLDRS ETF / XHB FAQ
What is the technical rating for XHB stock?
ChartMill assigns a technical rating of 7 / 10 to XHB.
What is the current trend direction of SS SPDR S&P HOMEBLDRS ETF (XHB) stock?
The current trend direction for SS SPDR S&P HOMEBLDRS ETF (XHB) is Bullish.
Can you provide the RSI signal for SS SPDR S&P HOMEBLDRS ETF?
SS SPDR S&P HOMEBLDRS ETF (XHB) has an RSI value of 57.7656. This indicates that the stock is currently neutral.
What is the short term momentum for SS SPDR S&P HOMEBLDRS ETF (XHB) stock?
The short term momentum for SS SPDR S&P HOMEBLDRS ETF (XHB) is positive.
What is the buy/sell signal for SS SPDR S&P HOMEBLDRS ETF (XHB) stock?
The buy/sell signal for SS SPDR S&P HOMEBLDRS ETF (XHB) is buy as both the short term and long term trends are positive.