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Archive
- 11/8/2024 -
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Health Care Select Sector SPDR (XLV) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week after 3 consecutive negative weeks for the Health Care Select Sector SPDR (XLV). During the week, the XLV gained 2.50 points, or 1.69%, and closed at 150.20 on Friday, November 8, 2024. It was the best weekly gain since August 23, 2024. XLV was trading at average weekly trading volume.
 Long-term trend: [See XLV long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 122.59 and reached 159.64 on September 4, 2024. XLV gained -37.05 points, or -30.22%, in 44 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (157.01) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See XLV medium-term trend chart]
A medium-term uptrend had started on April 18, 2024 at 138.21 and reached 159.64 on September 4, 2024. XLV gained -21.43 points, or -15.51%, in 19 weeks. The price is now at the 44.05% retracement level.
 Weekly Technical Indicators: [See XLV weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 4, 2024. Use the following link to access a MACD help.
 Short-term trend: [See XLV short-term trend chart]
A short-term downtrend had started on September 4, 2024 at 159.64 and reached 145.60 on October 30, 2024. XLV lost 14.04 points, or 8.79%, in 56 days. The price is now at the 32.76% retracement level.
Daily Technical Indicators: [See XLV daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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