COMM SERV SELECT SECTOR SPDR (XLC) Stock Technical Analysis
NYSEARCA:XLC - NYSE Arca - US81369Y8527 - ETF - Currency: USD
We assign a technical rating of 10 out of 10 to XLC. Both in the recent history as in the last year, XLC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that XLC is one of the better performing stocks in the market, outperforming 81% of all stocks. On top of that, XLC also shows a nice and consistent pattern of rising prices.
XLC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month XLC has a been trading in the 101.99 - 108.74 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.
XLC has an average volume of 5197490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
XLC has an excellent technical rating, but the quality of the setup is 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
87.91
109.62
4 important support areas can be observed.
- A support zone ranging from 105.99 to 107.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @100.19 from a horizontal line in the daily time frame.
- Support @92.38 from a trend line in the weekly time frame.
- Support @88.80 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 108.04 to 108.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 XLC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XLC is up. |
| ChartMill Relative Strength | 81.02 | POSITIVE | XLC has a high relative strength, it outperformed 81.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XLC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XLC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XLC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.61 | NEUTRAL | The RSI value for XLC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests XLC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.56 | NEUTRAL | The Stochastics value for XLC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.04 | LOW VOLATILITY | The low ATR as a percentage value for XLC suggests low volalility. |
| Average Directional Index/ADX (14) | 20.73 | NEUTRAL | The ADX value for XLC suggests a possible start of a new 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 |
|---|---|---|---|
| 108.54 | 105.98 | 2.56 (2.36%) | 25.00% |
| An entry @108.54. This is a Buy Stop order right above the resistance zone. | An exit @105.98. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.56 points, which is 2.36%. | For a 0.59% 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.
107.61
+1.42 (+1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.34%
1 Week0.52%
2 Weeks0.57%
1 Month4.64%
3 Month14.04%
6 Month7.17%
12 Month28.57%
2 Year56.43%
3 Year90.9%
5 Year85.12%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.04
ATR(20)%1.04%
ATR Inc34.75%
Range Today1.06
ADR(20)1.01
ADR(20)%0.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.02
Mansfield0.3
10 Day High107.8
10 Day Low105.57
20 Day High108.74
20 Day Low101.99
52 Week High108.74
52 Week Low81.15
CS1 End107.19
CR1 Start108.04
Volume & EV
DER(3)-1.31%
DER(5)-3.15%
Volume4.47M
Volume Incr-2.85%
Vol(5)5.47M
Vol(50)5.20M