MATERIALS SELECT SECTOR SPDR (XLB) Stock Technical Analysis
NYSEARCA:XLB - NYSE Arca - US81369Y1001 - ETF - Currency: USD
Overall XLB gets a technical rating of 8 out of 10. 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.
The long and short term trends are both positive. This is looking good!
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 86.72 - 92.86 range, which is quite wide. It is currently trading near the high of this range.
XLB has an average volume of 5404900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, XLB outperforms 50% of them, which is more or less in line with the market.
Although XLB has an excellent technical rating, it does not present a decent entry opportunity 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
84.84
96.01
When analyzing the support we can see 2 important areas.
- A support zone ranging from 88.33 to 92.00. 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.
We found 1 important resistance area.
- 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 | 50.85 | 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) | 63.92 | NEUTRAL | The RSI value for XLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests XLB has a positive trend. |
| Stochastics (14,3) | 73.95 | NEUTRAL | The Stochastics value for XLB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for XLB suggests low volalility. |
| Average Directional Index/ADX (14) | 15.12 | 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)
92.24
+0.31 (+0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.34%
1 Week3.2%
2 Weeks0.5%
1 Month5.22%
3 Month11.64%
6 Month3.64%
12 Month1%
2 Year7.61%
3 Year18.06%
5 Year52.82%
10 Year100.74%
15 Year188.16%
Volatility
ATR(14)1.12
ATR(20)%1.27%
ATR Inc-8.8%
Range Today0.66
ADR(20)1.05
ADR(20)%1.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.85
Mansfield-0.52
10 Day High92.86
10 Day Low88.34
20 Day High92.86
20 Day Low86.72
52 Week High97.87
52 Week Low73.12
CS1 End92
CR1 Start95.06
Volume & EV
DER(3)-0.03%
DER(5)0.83%
Volume6.75M
Volume Incr9.2%
Vol(5)6.32M
Vol(50)5.40M