CONSUMER STAPLES SPDR (XLP) Stock Technical Analysis
NYSEARCA:XLP - NYSE Arca - US81369Y3080 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to XLP. XLP 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.
XLP has an average volume of 14059900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, XLP outperforms 42% 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 currently trading near new highs, so XLP is lagging the market.
In the last month XLP has a been trading in a tight range between 79.68 and 82.47.
Although the technical rating is only medium, XLP does present a nice setup opportunity. 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 82.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 81.41, a Stop Loss order could be placed below this zone.
More info and screens
75.47
85.10
We found 3 important support areas.
- A support zone ranging from 80.52 to 81.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @78.62 from a horizontal line in the daily time frame.
- A support zone ranging from 76.23 to 76.58. 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 82.49 to 82.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 83.93 to 84.26. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for XLP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for XLP is neutral. |
| ChartMill Relative Strength | 42.86 | 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) | 53.01 | NEUTRAL | The RSI value for XLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests XLP has a positive trend. |
| Stochastics (14,3) | 74.59 | NEUTRAL | The Stochastics value for XLP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.94 | LOW VOLATILITY | The low ATR as a percentage value for XLP suggests low volalility. |
| Average Directional Index/ADX (14) | 10.76 | NEGATIVE | The low ADX value for XLP suggests a weak or negative 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)
81.5
+0.14 (+0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.17%
1 Week0.75%
2 Weeks0.85%
1 Month1.66%
3 Month0.82%
6 Month4.62%
12 Month3.83%
2 Year7.59%
3 Year9.41%
5 Year29.98%
10 Year62%
15 Year202.08%
Volatility
ATR(14)0.76
ATR(20)%0.94%
ATR Inc-34.91%
Range Today0.48
ADR(20)0.74
ADR(20)%0.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.86
Mansfield-0.83
10 Day High81.86
10 Day Low79.68
20 Day High82.48
20 Day Low79.68
52 Week High84.53
52 Week Low75.61
CS1 End81.41
CR1 Start82.49
Volume & EV
DER(3)-0.94%
DER(5)-0.91%
Volume9.28M
Volume Incr-12.96%
Vol(5)13.68M
Vol(50)14.06M