INVESCO S&P 500 TOP 50 ETF (XLG) Technical Analysis
NYSEARCA:XLG • US46137V2337
Current stock price
XLG Technical Rating and Analysis
Overall XLG gets a technical rating of 4 out of 10. XLG has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- XLG 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 XLG is lagging the market slightly.
- In the last month XLG has a been trading in the 52.60 - 57.51 range, which is quite wide. It is currently trading near the high of this range.
- XLG has an average volume of 4921030 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, XLG outperforms 67% of them, which is more or less in line with the market.
- Considerably lower volume is observed in the last couple of days.
XLG Weekly and Daily overview Charts
XLG Setup Rating and Analysis
XLG has an average technical rating and it also does not offer a high quality setup 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
XLG Support and Resistance Analysis
52.29
We found 1 important support area.
- A support zone ranging from 52.82 to 54.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @57.89 from a horizontal line in the daily time frame.
- A resistance zone ranging from 59.28 to 60.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
XLG Technical Indicator Signal Analysis
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 XLG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XLG is up. |
| ChartMill Relative Strength | 67.69 | NEUTRAL | XLG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XLG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of XLG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XLG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.2 | NEUTRAL | The RSI value for XLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests XLG has a positive trend. |
| Stochastics (14,3) | 97.57 | OVERBOUGHT | The high Stochastics value suggests XLG may be overbought. |
| Average True Range in percent/ATR (20) | 1.52 | LOW VOLATILITY | The low ATR as a percentage value for XLG suggests low volalility. |
| Average Directional Index/ADX (14) | 29.98 | POSITIVE | The high ADX value value for XLG suggests a strong trend. |
XLG Chart- and CandleStick Pattern Analysis
XLG Technicals: Chart, Performance Metrics, Trend & Indicators
57.46
+0.47 (+0.82%)
INVESCO S&P 500 TOP 50 ETF / XLG TA FAQ
What is the ChartMill technical rating of INVESCO S&P 500 TOP 50 ETF (XLG) stock?
ChartMill assigns a technical rating of 4 / 10 to XLG.
What is the trend direction for XLG stock?
The current trend direction for INVESCO S&P 500 TOP 50 ETF (XLG) is Bearish.
What is the RSI signal for XLG stock?
INVESCO S&P 500 TOP 50 ETF (XLG) has an RSI value of 62.2025. This indicates that the stock is currently neutral.
What is the support and resistance level for XLG stock?
INVESCO S&P 500 TOP 50 ETF (XLG) has a support level at 54 and a resistance level at 57.89. Check the full technical report for our detailed analysis of XLG support and resistance levels.