SPDR S&P Internet ETF (XWEB) Stock Technical Analysis
NYSEARCA:XWEB - NYSE Arca - US78468R1279 - ETF - Currency: USD
We assign a technical rating of 10 out of 10 to XWEB. Both in the recent history as in the last year, XWEB has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: XWEB has an average volume of 1338 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, XWEB did better than 90% of all other stocks. We also observe that the gains produced by XWEB over the past year are nicely spread over this period.
XWEB is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so XWEB is leading the market.
In the last month XWEB has a been trading in the 79.58 - 88.17 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, XWEB also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 87.98. Right above this resistance zone may be a good entry point.
More info and screens
62.17
88.97
We found 4 important support areas.
- A support zone ranging from 87.39 to 87.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 67.10 to 67.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @65.46 from a horizontal line in the weekly time frame.
- Support @62.80 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 87.98 to 88.09. 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 XWEB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XWEB is up. |
| ChartMill Relative Strength | 90 | POSITIVE | XWEB has a high relative strength, it outperformed 90% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XWEB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XWEB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XWEB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.29 | OVERBOUGHT | The high RSI value suggests XWEB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests XWEB has a negative trend. |
| Stochastics (14,3) | 97.32 | OVERBOUGHT | The high Stochastics value suggests XWEB may be overbought. |
| Average True Range in percent/ATR (20) | 0.99 | LOW VOLATILITY | The low ATR as a percentage value for XWEB suggests low volalility. |
| Average Directional Index/ADX (14) | 45.33 | POSITIVE | The high ADX value value for XWEB 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)
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 |
|---|---|---|---|
| 88.10 | 87.38 | 0.72 (0.82%) | 25.00% |
| An entry @88.10. This is a Buy Stop order right above the resistance zone. | An exit @87.38. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.72 points, which is 0.82%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.20%. |
- The distance between exit and entry is rather small compared to the average daily movement of XWEB. Please evaluate whether better entry and exit points can be found.
- 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.
NYSEARCA:XWEB (1/2/2024, 8:04:00 PM)
87.8551
-0.11 (-0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.13%
1 Week0.56%
2 Weeks2.81%
1 Month8.87%
3 Month22.34%
6 Month13.21%
12 Month39.86%
2 Year-31.26%
3 Year-48.21%
5 Year0.8%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.95
ATR(20)%0.99%
ATR Inc-74.02%
Range Today0.22
ADR(20)0.52
ADR(20)%0.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90
Mansfield0.72
10 Day High88.17
10 Day Low85.84
20 Day High88.17
20 Day Low79.58
52 Week High88.17
52 Week Low62.74
CS1 End87.85
CR1 Start87.98
Volume & EV
DER(3)0%
DER(5)0%
Volume12.50K
Volume Incr316.22%
Vol(5)3.08K
Vol(50)1.34K