NYSEARCA:XLP - NYSE Arca - US81369Y3080 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to XLP. Although XLP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, XLP also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 82.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 81.44, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
75.34
2 important support areas can be observed.
We found 1 important resistance area.
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 XLP is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XLP is up. |
ChartMill Relative Strength | 60.14 | NEUTRAL | XLP is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XLP is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XLP is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XLP is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 56.58 | NEUTRAL | The RSI value for XLP is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests XLP has a positive trend. |
Stochastics (14,3) | 69.46 | NEUTRAL | The Stochastics value for XLP is a neutral value. |
Average True Range in percent/ATR (20) | 1.15 | LOW VOLATILITY | The low ATR as a percentage value for XLP suggests low volalility. |
Average Directional Index/ADX (14) | 8.68 | NEGATIVE | The low ADX value for XLP 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 |
---|---|---|---|
82.85 | 79.25 | 3.60 (4.35%) | 23.01% |
An entry @82.85. This is a Buy Stop order right above the 10 day high. | An exit @79.25. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.60 points, which is 4.35%. | When investing 23.01% of your capital in this trade, your total portfolio risk will be 1.00%. |
82.34
+0.74 (+0.91%)