Overall XLB gets a technical rating of 6 out of 10. XLB has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
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. There is a resistance zone just above the current price starting at 46.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 44.95, a Stop Loss order could be placed below this zone.
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41.20
When analyzing the support we can see 2 important areas.
- A support zone ranging from 43.60 to 44.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.62 to 42.88. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- Resistance @46.13 from a horizontal line in the daily time frame.
- Resistance @47.39 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 | UP | POSITIVE | The short term trend for XLB is up. |
| ChartMill Relative Strength | 52.32 | 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) | UP | POSITIVE | The current price of XLB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.02 | NEUTRAL | The RSI value for XLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests XLB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.83 | OVERBOUGHT | The high Stochastics value suggests XLB may be overbought. |
| 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) | 16.6 | NEGATIVE | The low ADX value for XLB suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 46.14 | 43.34 | 2.80 (6.07%) | 16.48% |
| An entry @46.14. This is a Buy Stop order right above the resistance zone. | An exit @43.34. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.80 points, which is 6.07%. | When investing 16.48% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
45.37
+0.2 (+0.44%)
SS MATERIALS SELECT SECTOR / XLB FAQ
What is the ChartMill technical rating of SS MATERIALS SELECT SECTOR (XLB) stock?
ChartMill assigns a technical rating of 6 / 10 to XLB.
What is the trend direction for XLB stock?
The current trend direction for SS MATERIALS SELECT SECTOR (XLB) is Bearish.
What is the RSI signal for XLB stock?
SS MATERIALS SELECT SECTOR (XLB) has an RSI value of 63.0242. This indicates that the stock is currently neutral.
What is the MACD signal for SS MATERIALS SELECT SECTOR (XLB) stock?
The MACD indicator for SS MATERIALS SELECT SECTOR (XLB) has a value of 0.122938, indicating a bearish trend.