MATERIALS SELECT SECTOR SPDR (XLB) Stock Technical Analysis
NYSEARCA:XLB - NYSE Arca - US81369Y1001 - ETF - Currency: USD
Taking everything into account, XLB scores 1 out of 10 in our technical rating. XLB performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
66% of all other stocks performed better in the past year than XLB.
In the last month XLB has a been trading in the 86.02 - 92.86 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
XLB has an average volume of 6258900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
XLB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so XLB is lagging the market slightly.
The technical rating of XLB is bad and it also does not present a quality setup 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
77.10
96.01
2 important support areas can be observed.
- Support @85.70 from a horizontal line in the daily time frame.
- Support @77.88 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 88.32 to 91.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @95.06 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for XLB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for XLB is down. |
| ChartMill Relative Strength | 34.87 | NEUTRAL | XLB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of XLB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of XLB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of XLB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.78 | NEUTRAL | The RSI value for XLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.59 | NEGATIVE | The MACD value suggests XLB has a negative trend. |
| Stochastics (14,3) | 7.99 | OVERSOLD | The low Stochastics value suggests XLB may be oversold. |
| Average True Range in percent/ATR (20) | 1.45 | LOW VOLATILITY | The low ATR as a percentage value for XLB suggests low volalility. |
| Average Directional Index/ADX (14) | 15.41 | NEGATIVE | The low ADX value for XLB 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)
86.72
-1.01 (-1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.15%
1 Week-6.12%
2 Weeks-3.88%
1 Month-5.09%
3 Month2.11%
6 Month-2.33%
12 Month-3.69%
2 Year4.62%
3 Year15%
5 Year37.67%
10 Year100%
15 Year179.38%
Volatility
ATR(14)1.31
ATR(20)%1.45%
ATR Inc15.55%
Range Today1.15
ADR(20)1.09
ADR(20)%1.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.87
Mansfield-0.87
10 Day High92.74
10 Day Low86.02
20 Day High92.86
20 Day Low86.02
52 Week High97.87
52 Week Low73.12
CS1 End85.7
CR1 Start88.32
Volume & EV
DER(3)-2.06%
DER(5)-1.11%
Volume14.29M
Volume Incr61.83%
Vol(5)10.47M
Vol(50)6.26M