SPDR S&P METALS & MINING ETF (XME) Stock Technical Analysis
NYSEARCA:XME - NYSE Arca - US78464A7550 - ETF - Currency: USD
Taking everything into account, XME scores 9 out of 10 in our technical rating. 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!
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 65.09 - 75.64 range, which is quite wide. It is currently trading near the high of this range.
XME has an average volume of 1656140 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 84% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Although XME has an excellent technical rating, it does not offer a high quality setup 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
75.93
When analyzing the support we can see 3 important areas.
- A support zone ranging from 69.41 to 69.51. 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 64.83 to 66.29. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 84.28 | POSITIVE | XME has a high relative strength, it outperformed 84.28% 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) | 77.19 | OVERBOUGHT | The high RSI value suggests XME may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests XME has a positive trend. |
| Stochastics (14,3) | 94.24 | OVERBOUGHT | The high Stochastics value suggests XME may be overbought. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for XME suggests some volalility. |
| Average Directional Index/ADX (14) | 41.54 | 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)
75.18
+0.54 (+0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.72%
1 Week2.8%
2 Weeks7.29%
1 Month12.75%
3 Month37.37%
6 Month24.61%
12 Month21.12%
2 Year39.51%
3 Year55.85%
5 Year228.15%
10 Year271.26%
15 Year50.69%
Volatility
ATR(14)1.68
ATR(20)%2.11%
ATR Inc16.92%
Range Today1.07
ADR(20)1.35
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
CRS84.28
Mansfield1.36
10 Day High75.64
10 Day Low68.06
20 Day High75.64
20 Day Low65.09
52 Week High75.64
52 Week Low45.89
CS1 End69.51
CR1 StartN/A
Volume & EV
DER(3)-0.24%
DER(5)0.06%
Volume1.38M
Volume Incr4.42%
Vol(5)1.69M
Vol(50)1.66M