CONSUMER DISCRETIONARY SELT (XLY) Stock Technical Analysis
USA - NYSEARCA:XLY - US81369Y4070 - ETF
Overall XLY gets a technical rating of 7 out of 10. Both in the recent history as in the last year, XLY has proven to be a steady performer, scoring decent points in every aspect analyzed.
XLY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 241.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 238.38, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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190.73
4 important support areas can be observed.
- A support zone ranging from 233.29 to 238.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 226.23 to 228.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @210.65 from a horizontal line in the daily time frame.
- Support @192.66 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 241.40 to 242.19. 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 XLY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for XLY is neutral. |
| ChartMill Relative Strength | 73.91 | POSITIVE | XLY has a high relative strength, it outperformed 73.91% 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) | 54.53 | NEUTRAL | The RSI value for XLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests XLY has a positive trend. |
| Stochastics (14,3) | 60.25 | 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) | 13.16 | NEGATIVE | The low ADX value for XLY suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 242.20 | 233.71 | 8.49 (3.51%) | 25.00% |
| An entry @242.20. This is a Buy Stop order right above the resistance zone. | An exit @233.71. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 8.49 points, which is 3.51%. | For a 0.88% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
239.93
+6.18 (+2.64%)
CONSUMER DISCRETIONARY SELT / XLY FAQ
What is the ChartMill technical rating of CONSUMER DISCRETIONARY SELT (XLY) stock?
ChartMill assigns a technical rating of 7 / 10 to XLY.
What is the trend direction for XLY stock?
The current trend direction for CONSUMER DISCRETIONARY SELT (XLY) is Bullish.
Can you provide the RSI signal for CONSUMER DISCRETIONARY SELT?
CONSUMER DISCRETIONARY SELT (XLY) has an RSI value of 54.527. This indicates that the stock is currently neutral.
What is the MACD signal for CONSUMER DISCRETIONARY SELT (XLY) stock?
The MACD indicator for CONSUMER DISCRETIONARY SELT (XLY) has a value of 0.157823, indicating a bearish trend.