SS CONSUMER STAPLES SEL SECT (XLP) Technical Analysis
NYSEARCA:XLP • US81369Y3080
Current stock price
XLP Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to XLP. XLP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- XLP is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- XLP has an average volume of 21660600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When compared to the yearly performance of all other stocks, XLP outperforms 48% of them, which is more or less in line with the market.
- XLP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so XLP is lagging the market slightly.
XLP Weekly and Daily overview Charts
XLP Setup Rating and Analysis
XLP has a bad 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 82.22. Right above this resistance zone may be a good entry point.
More info and screens
XLP Support and Resistance Analysis
74.84
We found 3 important support areas.
- A support zone ranging from 81.52 to 81.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Strong support @80.17 from a horizontal line in the daily time frame.
- A support zone ranging from 75.60 to 78.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 82.22 to 83.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 90.01 to 90.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
XLP 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 XLP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for XLP is down. |
| ChartMill Relative Strength | 48.64 | NEUTRAL | XLP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of XLP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of XLP is below a declining 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) | 38.66 | NEUTRAL | The RSI value for XLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests XLP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.52 | NEUTRAL | The Stochastics value for XLP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.45 | LOW VOLATILITY | The low ATR as a percentage value for XLP suggests low volalility. |
| Average Directional Index/ADX (14) | 33.84 | POSITIVE | The high ADX value value for XLP suggests a strong trend. |
XLP Chart- and CandleStick Pattern Analysis
XLP Technicals: Chart, Performance Metrics, Trend & Indicators
81.89
+0.43 (+0.53%)
SS CONSUMER STAPLES SEL SECT / XLP TA FAQ
What is the ChartMill technical rating of SS CONSUMER STAPLES SEL SECT (XLP) stock?
ChartMill assigns a technical rating of 1 / 10 to XLP.
What is the current trend direction of SS CONSUMER STAPLES SEL SECT (XLP) stock?
The current trend direction for SS CONSUMER STAPLES SEL SECT (XLP) is Bearish.
Can you provide the RSI signal for SS CONSUMER STAPLES SEL SECT?
SS CONSUMER STAPLES SEL SECT (XLP) has an RSI value of 38.6635. This indicates that the stock is currently neutral.
What is the short term momentum for SS CONSUMER STAPLES SEL SECT (XLP) stock?
The short term momentum for SS CONSUMER STAPLES SEL SECT (XLP) is negative.
What are the support and resistance levels for SS CONSUMER STAPLES SEL SECT (XLP) stock?
SS CONSUMER STAPLES SEL SECT (XLP) has a support level at 81.71 and a resistance level at 82.22. Check the full technical report for our detailed analysis of XLP support and resistance levels.