MATERIALS SELECT SECTOR SPDR (XLB) Stock Technical Analysis
NYSEARCA:XLB - NYSE Arca - US81369Y1001 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to XLB. Although XLB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
XLB 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 XLB is lagging the market slightly.
In the last month XLB has a been trading in the 87.37 - 92.86 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
XLB has an average volume of 5650790 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, XLB turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
XLB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 90.86, a Stop Loss order could be placed below this zone.
More info and screens
77.10
96.01
3 important support areas can be observed.
- A support zone ranging from 88.67 to 90.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 85.70 to 86.42. This zone is formed by a combination of multiple trend lines 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 91.17 to 91.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 | UP | POSITIVE | The long term trend for XLB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XLB is up. |
| ChartMill Relative Strength | 47.05 | NEUTRAL | XLB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XLB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XLB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of XLB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.56 | NEUTRAL | The RSI value for XLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests XLB has a negative trend. |
| Stochastics (14,3) | 71.31 | NEUTRAL | The Stochastics value for XLB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.34 | LOW VOLATILITY | The low ATR as a percentage value for XLB suggests low volalility. |
| Average Directional Index/ADX (14) | 14.16 | 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)
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 |
|---|---|---|---|
| 91.92 | 88.66 | 3.26 (3.55%) | 25.00% |
| An entry @91.92. This is a Buy Stop order right above the resistance zone. | An exit @88.66. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.26 points, which is 3.55%. | For a 0.89% total portfolio risk, you can invest 25.00% 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.
91.03
-1.34 (-1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.45%
1 Week0.39%
2 Weeks0.02%
1 Month3.57%
3 Month7.18%
6 Month2.52%
12 Month1.1%
2 Year6.19%
3 Year16.51%
5 Year50.81%
10 Year98.11%
15 Year184.38%
Volatility
ATR(14)1.19
ATR(20)%1.34%
ATR Inc17.31%
Range Today1.2
ADR(20)1.09
ADR(20)%1.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.05
Mansfield-0.65
10 Day High92.74
10 Day Low88.34
20 Day High92.86
20 Day Low87.37
52 Week High97.87
52 Week Low73.12
CS1 End90.86
CR1 Start91.17
Volume & EV
DER(3)0.58%
DER(5)0.2%
Volume7.51M
Volume Incr27.23%
Vol(5)7.53M
Vol(50)5.65M