SPDR S&P RETAIL ETF (XRT) Stock Technical Analysis
NYSEARCA:XRT - NYSE Arca - US78464A7147 - ETF - Currency: USD
Taking everything into account, XRT scores 7 out of 10 in our technical rating. Although XRT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
XRT 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 81.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 80.37, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for XRT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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65.90
We found 2 important support areas.
- A support zone ranging from 77.85 to 80.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @66.57 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @81.83 from a horizontal line in the daily time frame.
- A resistance zone ranging from 83.62 to 84.31. 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 XRT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XRT is up. |
| ChartMill Relative Strength | 68.56 | NEUTRAL | XRT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XRT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XRT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XRT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.78 | NEUTRAL | The RSI value for XRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests XRT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.77 | NEUTRAL | The Stochastics value for XRT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for XRT suggests low volalility. |
| Average Directional Index/ADX (14) | 16.54 | NEGATIVE | The low ADX value for XRT 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 |
|---|---|---|---|
| 81.84 | 77.84 | 4.00 (4.89%) | 20.46% |
| An entry @81.84. This is a Buy Stop order right above the resistance zone. | An exit @77.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.00 points, which is 4.89%. | For a 1.00% total portfolio risk, you can invest 20.46% 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.
80.77
-0.45 (-0.55%)