THE HEALTH CARE SELECT SECTOR SPDR FUND ETF Forecast
THE HEALTH CARE SELECT SECTOR SPDR FUND ETF price ended at $144.40 on Tuesday, after losing 0.366%.
(Updated on Jul 02, 2024)
The THE HEALTH CARE SELECT SECTOR SPDR FUND ETF price fell by -0.366% on the last day (Tuesday, 2nd Jul 2024) from $144.93 to $144.40. It has now fallen 6 days in a row. During the last trading day the ETF fluctuated 0.717% from a day low at $143.59 to a day high of $144.62. The price has fallen in 6 of the last 10 days and is down by -0.92% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 8 million shares were bought and sold for approximately $1.09 billion.
The ETF lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $144.13 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 4.86% during the next 3 months and, with a 90% probability hold a price between $151.14 and $156.80 at the end of this 3-month period.
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XLV Signals & Forecast
There are few to no technical positive signals at the moment. The THE HEALTH CARE SELECT SECTOR SPDR FUND ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $145.82 and $145.40. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.83%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
A sell signal from a double top formation was found on Monday, June 24, 2024 and based on theory for this formation the price should fall by -1.46% to $142.30 within 21 trading days since signal was issued (Wednesday, July 24, 2024).
Support, Risk & Stop-loss for THE HEALTH CARE SELECT SECTOR SPDR FUND ETF
THE HEALTH CARE SELECT SECTOR SPDR FUND finds support from accumulated volume at $141.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $1.03 between high and low, or 0.717%. For the last week the ETF has had daily average volatility of 1.09%.
Our recommended stop-loss: $139.30 (-3.53%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (XLV) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect THE HEALTH CARE SELECT SECTOR SPDR FUND to open at $144.20, and during the day (based on 14 day Average True Range), to move between $143.00 and $145.80, which gives a possible trading interval of +/-$1.40 (+/-0.97%) up or down from last closing price. If THE HEALTH CARE SELECT SECTOR SPDR FUND takes out the full calculated possible swing range there will be an estimated 1.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $144.71 (0.21%) than the support at $141.95 (1.70%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is THE HEALTH CARE SELECT SECTOR SPDR FUND ETF A Buy?
THE HEALTH CARE SELECT SECTOR SPDR FUND holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.727 Hold/Accumulate Unchanged
Predicted Opening Price for THE HEALTH CARE SELECT SECTOR SPDR FUND of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $144.20 ( 0.136%) | $144.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XLV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 145.23 | 0.577% |
| R2 | 144.84 | 0.305% |
| R1 | 144.60 | 0.136% |
| Price | 144.40 | |
| S1 | 143.81 | -0.409% |
| S2 | 143.57 | -0.577% |
| S3 | 143.17 | -0.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 146.81 | 1.67% |
| R2 | 146.20 | 1.25% |
| R1 | 144.71 | 0.215% |
| Price | 144.40 | |
| S1 | 141.95 | -1.70% |
| S2 | 141.59 | -1.95% |
| S3 | 138.94 | -3.78% |
XLV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 21, 2024 | $0.523 | 0.359% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.598 | 0.447% |
| 3 | Jan 17, 2023 | Sep 18, 2023 | Sep 21, 2023 | $0.540 | 0.414% |
| 4 | Jan 17, 2023 | Jun 20, 2023 | Jun 23, 2023 | $0.542 | 0.411% |
| 5 | Jan 17, 2023 | Mar 20, 2023 | Mar 23, 2023 | $0.489 | 0.389% |
FAQ
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