INVESCO S&P 500 TOP 50 ETF (XLG) Stock Technical Analysis
USA - NYSEARCA:XLG - US46137V2337 - ETF
57.14 USD
-0.39 (-0.68%)
56.9658 USD
-0.17 (-0.3%)
Taking everything into account, XLG scores 6 out of 10 in our technical rating. In the last year, XLG 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!
XLG 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.
XLG has an average volume of 1871490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that XLG is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month XLG has a been trading in a tight range between 56.42 and 58.48.
XLG has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 57.12, a Stop Loss order could be placed below this zone.
More info and screens
42.11
58.81
When analyzing the support we can see 2 important areas.
- A support zone ranging from 55.56 to 57.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.54 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 57.47 to 58.23. 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 XLG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for XLG is neutral. |
| ChartMill Relative Strength | 75.6 | POSITIVE | XLG has a high relative strength, it outperformed 75.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of XLG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XLG is above the rising 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) | 51.3 | NEUTRAL | The RSI value for XLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests XLG has a negative trend. |
| Stochastics (14,3) | 29.73 | NEUTRAL | The Stochastics value for XLG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.12 | LOW VOLATILITY | The low ATR as a percentage value for XLG suggests low volalility. |
| Average Directional Index/ADX (14) | 26.21 | POSITIVE | The high ADX value value for XLG suggests a strong 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)
57.14
-0.39 (-0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.68%
1 Week-1.11%
2 Weeks-0.66%
1 Month0%
3 Month7.57%
6 Month32.3%
12 Month18.11%
2 Year70.62%
3 Year100.51%
5 Year126.18%
10 Year291.48%
15 Year570.82%
Volatility
ATR(14)0.67
ATR(20)%1.12%
ATR Inc86.02%
Range Today1.11
ADR(20)0.59
ADR(20)%1.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.6
Mansfield0.24
10 Day High58.48
10 Day Low56.42
20 Day High58.48
20 Day Low56.42
52 Week High58.48
52 Week Low39.5
CS1 End57.12
CR1 Start57.47
Volume & EV
DER(3)-5.01%
DER(5)-0.44%
Volume2.51M
Volume Incr7.7%
Vol(5)2.39M
Vol(50)1.87M