FINANCIAL SELECT SECTOR SPDR (XLF) Stock Technical Analysis
USA - NYSEARCA:XLF - US81369Y6059 - ETF
Taking everything into account, XLF scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, XLF is only an average performer.
XLF has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 53.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 53.44, a Stop Loss order could be placed below this zone.
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45.93
3 important support areas can be observed.
- A support zone ranging from 52.97 to 53.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 51.14 to 51.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.39 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 53.66 to 54.26. This zone is formed by a combination of multiple trend lines and important moving averages 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 XLF is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for XLF is neutral. |
| ChartMill Relative Strength | 63.53 | NEUTRAL | XLF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of XLF is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XLF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XLF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.93 | NEUTRAL | The RSI value for XLF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests XLF has a negative trend. |
| Stochastics (14,3) | 41.69 | NEUTRAL | The Stochastics value for XLF is a neutral value. |
| Average True Range in percent/ATR (20) | 1.08 | LOW VOLATILITY | The low ATR as a percentage value for XLF suggests low volalility. |
| Average Directional Index/ADX (14) | 16.23 | NEGATIVE | The low ADX value for XLF 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 |
|---|---|---|---|
| 54.27 | 53.05 | 1.22 (2.24%) | 25.00% |
| An entry @54.27. This is a Buy Stop order right above the resistance zone. | An exit @53.05. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.22 points, which is 2.24%. | For a 0.56% 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.
53.51
-0.26 (-0.48%)