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Select Sector SPDR ETFs Technical Analysis - XLBArchive - 3/15/2024 - Sign In to see current Signals. |
Materials Select Sector SPDR (XLB) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a eighth positive week after 4 consecutive negative weeks for the Materials Select Sector SPDR (XLB). During the week, the XLB gained 1.45 points, or 1.62%, and closed at 90.80 on Friday, March 15, 2024. Weekly volume was 43% above average. Long-term trend: [See XLB long-term trend chart] A long-term uptrend had started on September 27, 2022 at 66.85 and reached 91.66 on March 13, 2024. XLB gained -24.81 points, or -37.11%, in 76 weeks. Price is near the trend high. Medium-term trend: [See XLB medium-term trend chart] A medium-term uptrend had started on October 23, 2023 at 74.33 and reached 91.66 on March 13, 2024. XLB gained -17.33 points, or -23.31%, in 20 weeks. Price is near the trend high. Weekly Technical Indicators: [See XLB weekly technical indicators chart] Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help. The weekly MACD line is above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help. Short-term trend: [See XLB short-term trend chart] A short-term uptrend had started on February 5, 2024 at 80.74 and reached 91.66 on March 13, 2024. XLB gained -10.92 points, or -13.52%, in 37 days. The price is now at the 7.88% retracement level. Daily Technical Indicators: [See XLB daily technical indicators chart] Daily Relative Strength Index and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic. Use the following link to access Relative Strength Index help. The daily MACD line is above its signal line since February 7, 2024. This is an indication that the short-term trend is up. A Parabolic SAR (stop and reversal) indicator (90.02) comes close to the price (90.80). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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Daily Oscillators |
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Weekly Oscillators |
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Trading
Signals |
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Sector and
Industry |
Description |
Name |
Rank |
Sector |
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Industry |
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Daily Trend |
Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Low |
82.02 |
Low Date |
02/13/2024 |
High |
91.66 |
High Date |
03/13/2024 |
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Weekly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
80.74 |
Low Date |
02/05/2024 |
High |
91.66 |
High Date |
03/13/2024 |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
74.33 |
Low Date |
10/23/2023 |
High |
91.66 |
High Date |
03/13/2024 |
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Quarterly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
66.85 |
Low Date |
09/27/2022 |
High |
91.66 |
High Date |
03/13/2024 |
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Description |
Value |
Direction |
Down |
Chart Pattern |
DownTrend |
Status |
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Resistance |
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Support |
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High |
92.31 |
High Date |
01/05/2022 |
Low |
66.85 |
Low Date |
09/27/2022 |
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