CONSUMER DISCRETIONARY SELT (XLY) Stock Technical Analysis
NYSEARCA:XLY - NYSE Arca - US81369Y4070 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to XLY. XLY has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long and short term trends are both positive. This is looking good!
XLY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
XLY has an average volume of 4840400 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 XLY is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
XLY 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 XLY is lagging the market slightly.
In the last month XLY has a been trading in a tight range between 207.71 and 218.18.
Although the technical rating is only medium, XLY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 210.65, a Stop Loss order could be placed below this zone.
More info and screens
169.96
237.86
When analyzing the support we can see 4 important areas.
- A support zone ranging from 207.65 to 210.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @187.22 from a trend line in the weekly time frame.
- Support @182.78 from a horizontal line in the weekly time frame.
- Support @171.68 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 213.67 to 217.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @235.50 from a horizontal line in the weekly time frame.
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 XLY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XLY is up. |
| ChartMill Relative Strength | 79.31 | POSITIVE | XLY has a high relative strength, it outperformed 79.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of XLY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XLY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XLY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.22 | NEUTRAL | The RSI value for XLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.8 | NEGATIVE | The MACD value suggests XLY has a negative trend. |
| Stochastics (14,3) | 56.46 | NEUTRAL | The Stochastics value for XLY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for XLY suggests low volalility. |
| Average Directional Index/ADX (14) | 13.13 | NEGATIVE | The low ADX value for XLY 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)
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 |
|---|---|---|---|
| 213.68 | 207.70 | 5.98 (2.80%) | 25.00% |
| An entry @213.68. This is a Buy Stop order right above the 10 day moving average. | An exit @207.70. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.98 points, which is 2.80%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.70%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
211.74
-1.97 (-0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.92%
1 Week-0.2%
2 Weeks-0.96%
1 Month-1.8%
3 Month7.65%
6 Month-10.09%
12 Month18.73%
2 Year24.69%
3 Year54.02%
5 Year65.8%
10 Year176.86%
15 Year626.88%
Volatility
ATR(14)3.69
ATR(20)%1.74%
ATR Inc-35.12%
Range Today3.27
ADR(20)3.33
ADR(20)%1.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.31
Mansfield-0.05
10 Day High217.77
10 Day Low207.71
20 Day High218.18
20 Day Low207.71
52 Week High240.28
52 Week Low166.48
CS1 End210.65
CR1 Start213.67
Volume & EV
DER(3)1.03%
DER(5)1.49%
Volume5.15M
Volume Incr-0.75%
Vol(5)4.18M
Vol(50)4.84M