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Downtrend Broken Resist.Archive
- 7/19/2024 -
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SPDR Homebuilders (XHB) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a second positive week after 3 consecutive negative weeks for the SPDR Homebuilders (XHB). During the week, the XHB gained 3.52 points, or 3.24%, and closed at 112.08 on Friday, July 19, 2024. Weekly volume was -9% below average.
 Long-term trend: [See XHB long-term trend chart]
A long-term uptrend had started on June 17, 2022 at 51.23 and reached 117.17 on July 18, 2024. XHB gained -65.94 points, or -128.71%, in 108 weeks. The price is now at the 7.72% retracement level.
Medium-term trend: [See XHB medium-term trend chart]
A medium-term uptrend had started on July 5, 2024 at 97.40 and reached 117.17 on July 18, 2024. XHB gained -19.77 points, or -20.30%, in 1 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See XHB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. Use the following link to access a MACD help.
 Short-term trend: [See XHB short-term trend chart]
A short-term downtrend had started on July 18, 2024 at 117.17 and reached 111.64 on July 19, 2024. XHB lost 5.53 points, or 4.72%, in 1 days. The price is now at the 7.96% retracement level.
 Daily Technical Indicators: [See XHB daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. 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.
The daily MACD line is above its signal line since July 10, 2024. The distance between MACD and the signal line is near its high and getting bigger.
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.
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