SS COMM SELECT SECTOR SPDR (XLC) Stock Technical Analysis
NYSEARCA:XLC • US81369Y8527
Overall XLC gets a technical rating of 5 out of 10. In the last year, XLC was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- XLC 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 XLC is lagging the market slightly.
- In the last month XLC has a been trading in the 113.30 - 120.41 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- XLC has an average volume of 6671120 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, XLC outperforms 58% of them, which is more or less in line with the market.
Although the technical rating is only medium, XLC 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 116.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 116.61, a Stop Loss order could be placed below this zone.
More info and screens
90.92
3 important support areas can be observed.
- A support zone ranging from 112.80 to 116.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 109.73 to 109.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @91.84 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 116.76 to 117.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 119.41 to 120.08. 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 | NEUTRAL | NEUTRAL | The short term trend for XLC is neutral. |
| ChartMill Relative Strength | 58.88 | NEUTRAL | XLC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of XLC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of XLC is below 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) | 52.05 | NEUTRAL | The RSI value for XLC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests XLC has a positive trend. |
| Stochastics (14,3) | 67.18 | NEUTRAL | The Stochastics value for XLC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.43 | LOW VOLATILITY | The low ATR as a percentage value for XLC suggests low volalility. |
| Average Directional Index/ADX (14) | 16.78 | NEGATIVE | The low ADX value for XLC suggests a weak or negative trend. |
116.72
+0.22 (+0.19%)
SS COMM SELECT SECTOR SPDR / XLC FAQ
Can you provide the ChartMill technical rating for SS COMM SELECT SECTOR SPDR?
ChartMill assigns a technical rating of 5 / 10 to XLC.
What is the trend direction for XLC stock?
The current trend direction for SS COMM SELECT SECTOR SPDR (XLC) is Bullish.
What is the RSI signal for SS COMM SELECT SECTOR SPDR (XLC) stock?
SS COMM SELECT SECTOR SPDR (XLC) has an RSI value of 52.052. This indicates that the stock is currently neutral.
What is the MACD signal for XLC stock?
The MACD indicator for SS COMM SELECT SECTOR SPDR (XLC) has a value of 0.0695476, indicating a bearish trend.