SPDR S&P METALS & MINING ETF (XME) Stock Technical Analysis
NYSEARCA:XME - US78464A7550 - ETF
82.33 USD
+0.73 (+0.89%)
82.34 USD
+0.01 (+0.01%)
We assign a technical rating of 9 out of 10 to XME. Both in the recent history as in the last year, XME has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
XME is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month XME has a been trading in the 72.55 - 82.41 range, which is quite wide. It is currently trading near the high of this range.
XME has an average volume of 1857000 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 XME is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this relatively good performance is mostly due to a recent big move.
XME has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
48.40
83.15
When analyzing the support we can see 3 important areas.
- A support zone ranging from 78.26 to 79.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 72.41 to 72.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.89 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 XME is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XME is up. |
| ChartMill Relative Strength | 88.64 | POSITIVE | XME has a high relative strength, it outperformed 88.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XME is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XME is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XME is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.98 | NEUTRAL | The RSI value for XME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests XME has a positive trend. |
| Stochastics (14,3) | 92.44 | OVERBOUGHT | The high Stochastics value suggests XME may be overbought. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for XME suggests some volalility. |
| Average Directional Index/ADX (14) | 28.46 | POSITIVE | The high ADX value value for XME suggests a strong 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)
82.33
+0.73 (+0.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.89%
1 Week2.75%
2 Weeks3.2%
1 Month13.7%
3 Month36.99%
6 Month41.7%
12 Month37.58%
2 Year58.14%
3 Year67.58%
5 Year231.84%
10 Year301.61%
15 Year70.14%
Volatility
ATR(14)1.5
ATR(20)%2.01%
ATR Inc-42.63%
Range Today1.17
ADR(20)1.47
ADR(20)%1.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.64
Mansfield1.91
10 Day High82.41
10 Day Low76.46
20 Day High82.41
20 Day Low72.55
52 Week High82.41
52 Week Low45.89
CS1 End79.81
CR1 StartN/A
Volume & EV
DER(3)0.15%
DER(5)0.77%
Volume1.43M
Volume Incr-38.76%
Vol(5)1.26M
Vol(50)1.86M