We assign a technical rating of 10 out of 10 to XME. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, XME is showing a nice and steady performance.
Although XME has an excellent technical rating, the quality of the presented setup is not ideal 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.
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86.57
3 important support areas can be observed.
- Support @92.33 from a trend line in the weekly time frame.
- Support @90.38 from a trend line in the daily time frame.
- A support zone ranging from 87.44 to 88.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @100.12 from a trend line in the daily time frame.
- Resistance @102.26 from a horizontal line in the weekly time frame.
- Resistance @108.94 from a horizontal line in the daily 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 | 91.13 | POSITIVE | XME has a high relative strength, it outperformed 91.13% 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) | 58.36 | NEUTRAL | The RSI value for XME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.88 | POSITIVE | The MACD value suggests XME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.73 | OVERBOUGHT | The high Stochastics value suggests XME may be overbought. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for XME suggests some volalility. |
| Average Directional Index/ADX (14) | 19.82 | NEGATIVE | The low ADX value for XME suggests a weak or negative trend. |
99.47
+1.27 (+1.29%)
SS SPDR S&P METALS MINING / XME FAQ
What is the technical rating for XME stock?
ChartMill assigns a technical rating of 10 / 10 to XME.
Can you provide the trend direction for SS SPDR S&P METALS MINING?
The current trend direction for SS SPDR S&P METALS MINING (XME) is Bullish.
Can you provide the RSI signal for SS SPDR S&P METALS MINING?
SS SPDR S&P METALS MINING (XME) has an RSI value of 58.3557. This indicates that the stock is currently neutral.
What is the buy/sell signal for XME stock?
The buy/sell signal for SS SPDR S&P METALS MINING (XME) is buy as both the short term and long term trends are positive.
What is the support and resistance level for XME stock?
SS SPDR S&P METALS MINING (XME) has a support level at 92.33 and a resistance level at 100.12. Check the full technical report for our detailed analysis of XME support and resistance levels.