Overall XME gets a technical rating of 10 out of 10. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that XME is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by XME over the past year are nicely spread over this period.
- A new 52 week high is currently being made by XME, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month XME has a been trading in the 103.03 - 135.68 range, which is quite wide. It is currently trading near the high of this range.
- XME has an average volume of 2540970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although XME has an excellent technical rating, it does not present a decent entry opportunity 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
96.32
When analyzing the support we can see 4 important areas.
- A support zone ranging from 125.30 to 126.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @113.19 from a trend line in the daily time frame.
- Support @100.86 from a trend line in the weekly time frame.
- Support @97.29 from a trend 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 | 94.85 | POSITIVE | XME has a high relative strength, it outperformed 94.85% 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) | 68.66 | NEUTRAL | The RSI value for XME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.7 | POSITIVE | The MACD value suggests XME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.35 | OVERBOUGHT | The high Stochastics value suggests XME may be overbought. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for XME suggests some volalility. |
| Average Directional Index/ADX (14) | 52.97 | POSITIVE | The high ADX value value for XME suggests a strong trend. |
126.17
-5.27 (-4.01%)
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.
What is the current trend direction of SS SPDR S&P METALS MINING (XME) stock?
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 68.6618. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SS SPDR S&P METALS MINING?
The MACD indicator for SS SPDR S&P METALS MINING (XME) has a value of 0.704932, indicating a bearish trend.
What is the short term momentum for SS SPDR S&P METALS MINING (XME) stock?
The short term momentum for SS SPDR S&P METALS MINING (XME) is positive.