MATERIALS SELECT SECTOR SPDR (XLB) Stock Technical Analysis
USA - NYSEARCA:XLB - US81369Y1001 - ETF
90.83 USD
-0.04 (-0.04%)
90.83 USD
0 (0%)
Taking everything into account, XLB scores 4 out of 10 in our technical rating. In the last year, XLB was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
When comparing the yearly performance of all stocks, XLB is a bad performer in the overall market: 63% of all stocks are doing better.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
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.
XLB has an average volume of 6714470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month XLB has a been trading in a tight range between 90.16 and 92.72.
Although the technical rating is only medium, XLB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 90.46, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
77.10
95.73
We found 3 important support areas.
- A support zone ranging from 89.14 to 90.46. 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 87.20. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 77.88 to 78.82. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 90.99 to 91.47. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for XLB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for XLB is neutral. |
| ChartMill Relative Strength | 37.54 | NEUTRAL | XLB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of XLB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of XLB is above a declining 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) | 49.47 | NEUTRAL | The RSI value for XLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests XLB has a negative trend. |
| Stochastics (14,3) | 26.74 | NEUTRAL | The Stochastics value for XLB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.28 | LOW VOLATILITY | The low ATR as a percentage value for XLB suggests low volalility. |
| Average Directional Index/ADX (14) | 14.56 | 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)
90.83
-0.04 (-0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.04%
1 Week-0.93%
2 Weeks-1.23%
1 Month0.49%
3 Month5.1%
6 Month5.87%
12 Month-3.44%
2 Year15.63%
3 Year33.55%
5 Year42.72%
10 Year127.53%
15 Year177.09%
Volatility
ATR(14)1.23
ATR(20)%1.28%
ATR Inc-34.74%
Range Today0.62
ADR(20)1.12
ADR(20)%1.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.54
Mansfield-0.84
10 Day High92.7
10 Day Low90.16
20 Day High92.72
20 Day Low90.16
52 Week High97.87
52 Week Low73.12
CS1 End90.46
CR1 Start90.99
Volume & EV
DER(3)0.19%
DER(5)-2.6%
Volume8.23M
Volume Incr14.28%
Vol(5)6.44M
Vol(50)6.71M