CONSUMER DISCRETIONARY SELT (XLY) Stock Technical Analysis
NYSEARCA:XLY - NYSE Arca - US81369Y4070 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to XLY. In the past year, XLY was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
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.
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 4805760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Besides having an excellent technical rating, XLY also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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 214.52. Right above this resistance zone may be a good entry point.
More info and screens
169.96
237.86
4 important support areas can be observed.
- Support @210.64 from a horizontal line in the daily time frame.
- Support @185.89 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 214.52 to 215.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for XLY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XLY is up. |
| ChartMill Relative Strength | 79.6 | POSITIVE | XLY has a high relative strength, it outperformed 79.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XLY is above the rising 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) | 57.25 | NEUTRAL | The RSI value for XLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests XLY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.49 | NEUTRAL | The Stochastics value for XLY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for XLY suggests low volalility. |
| Average Directional Index/ADX (14) | 20.62 | NEUTRAL | The ADX value for XLY suggests a possible start of a new 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 |
|---|---|---|---|
| 215.63 | 210.63 | 5.00 (2.32%) | 25.00% |
| An entry @215.63. This is a Buy Stop order right above the resistance zone. | An exit @210.63. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.00 points, which is 2.32%. | For a 0.58% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of XLY. Please evaluate whether better entry and exit points can be found.
- 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.
210.65
-1.91 (-0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.9%
1 Week-3.23%
2 Weeks4.07%
1 Month6.6%
3 Month-3.54%
6 Month-3.42%
12 Month20%
2 Year38.94%
3 Year36.31%
5 Year69.62%
10 Year176.08%
15 Year550.76%
Volatility
ATR(14)3.82
ATR(20)%1.9%
ATR Inc-3.96%
Range Today2.92
ADR(20)3.23
ADR(20)%1.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.6
Mansfield0.25
10 Day High218.18
10 Day Low208.68
20 Day High218.18
20 Day Low191.63
52 Week High240.28
52 Week Low166.48
CS1 End210.64
CR1 Start214.52
Volume & EV
DER(3)-0.32%
DER(5)1.44%
Volume3.75M
Volume Incr17.42%
Vol(5)4.08M
Vol(50)4.81M