UTILITIES SELECT SECTOR SPDR (XLU) Stock Technical Analysis
USA - NYSEARCA:XLU - US81369Y8865 - ETF
Taking everything into account, XLU scores 5 out of 10 in our technical rating. In the last year, XLU 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.
XLU has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 85.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 84.76, a Stop Loss order could be placed below this zone.
More info and screens
73.78
3 important support areas can be observed.
- A support zone ranging from 83.52 to 84.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 80.05 to 81.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @74.53 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 85.05 to 87.32. 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 | UP | POSITIVE | The long term trend for XLU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for XLU is neutral. |
| ChartMill Relative Strength | 50.78 | NEUTRAL | XLU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of XLU is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XLU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XLU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.44 | NEUTRAL | The RSI value for XLU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests XLU has a positive trend. |
| Stochastics (14,3) | 58.14 | NEUTRAL | The Stochastics value for XLU is a neutral value. |
| Average True Range in percent/ATR (20) | 1.16 | LOW VOLATILITY | The low ATR as a percentage value for XLU suggests low volalility. |
| Average Directional Index/ADX (14) | 16.42 | NEGATIVE | The low ADX value for XLU suggests a weak or negative trend. |
84.95
+0.54 (+0.64%)