NYSEARCA:XLC - NYSE Arca - US81369Y8527 - ETF - Currency: USD
We assign a technical rating of 10 out of 10 to XLC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, XLC is showing a nice and steady performance.
XLC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 101.24, a Stop Loss order could be placed below this zone.
82.93
When analyzing the support we can see 4 important areas.
When analyzing the resistance we notice 2 important areas.
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 | 81.61 | POSITIVE | XLC has a high relative strength, it outperformed 81.61% 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) | 65.7 | NEUTRAL | The RSI value for XLC is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests XLC has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 79.11 | NEUTRAL | The Stochastics value for XLC is a neutral value. |
Average True Range in percent/ATR (20) | 1.41 | LOW VOLATILITY | The low ATR as a percentage value for XLC suggests low volalility. |
Average Directional Index/ADX (14) | 21.32 | NEUTRAL | The ADX value for XLC suggests a possible start of a new 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 |
---|---|---|---|
103.53 | 99.59 | 3.94 (3.81%) | 25.00% |
An entry @103.53. This is a Buy Stop order right above the resistance zone. | An exit @99.59. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.94 points, which is 3.81%. | For a 0.95% total portfolio risk, you can invest 25.00% of your capital in this trade. |
101.8
-0.02 (-0.02%)