MATERIALS SELECT SECTOR SPDR (XLB) Stock Technical Analysis
USA - NYSEARCA:XLB - US81369Y1001 - ETF
Overall XLB gets a technical rating of 1 out of 10. XLB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
XLB has a poor technical rating and the quality of the setup is also only medium 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
82.40
2 important support areas can be observed.
- A support zone ranging from 84.87 to 86.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @83.23 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 87.19 to 88.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 90.27 to 90.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @94.78 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 | NEUTRAL | NEUTRAL | The long term trend for XLB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for XLB is neutral. |
| ChartMill Relative Strength | 30.98 | 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) | 46.09 | NEUTRAL | The RSI value for XLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests XLB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.44 | NEUTRAL | The Stochastics value for XLB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.25 | LOW VOLATILITY | The low ATR as a percentage value for XLB suggests low volalility. |
| Average Directional Index/ADX (14) | 21.26 | NEUTRAL | The ADX value for XLB suggests a possible start of a new trend. |
86.77
-0.8 (-0.91%)
MATERIALS SELECT SECTOR SPDR / XLB FAQ
What is the ChartMill technical rating of MATERIALS SELECT SECTOR SPDR (XLB) stock?
ChartMill assigns a technical rating of 1 / 10 to XLB.
What is the trend direction for XLB stock?
The current trend direction for MATERIALS SELECT SECTOR SPDR (XLB) is Bearish.
What is the RSI signal for XLB stock?
MATERIALS SELECT SECTOR SPDR (XLB) has an RSI value of 46.0948. This indicates that the stock is currently neutral.
What is the MACD signal for MATERIALS SELECT SECTOR SPDR (XLB) stock?
The MACD indicator for MATERIALS SELECT SECTOR SPDR (XLB) has a value of 0.211185, indicating a bearish trend.