THE HEALTH CARE SELECT SECTOR SPDR FUND ETF Forecast
THE HEALTH CARE SELECT SECTOR SPDR FUND ETF downgraded to Buy Candidate
(Updated on Mar 28, 2024)
The THE HEALTH CARE SELECT SECTOR SPDR FUND ETF price gained 0.0135% on the last trading day (Thursday, 28th Mar 2024), rising from $147.71 to $147.73. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.374% from a day low at $147.68 to a day high of $148.23. The price has been going up and down for this period, and there has been a 1.23% gain for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 8 million shares were bought and sold for approximately $1.13 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 6.58% during the next 3 months and, with a 90% probability hold a price between $154.77 and $161.50 at the end of this 3-month period.
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XLV Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Friday, February 23, 2024, and so far it has fallen -0.0879%. 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). The THE HEALTH CARE SELECT SECTOR SPDR FUND ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $146.14 and $145.76. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. The ETF had a Golden Star Signal on Friday, June 09, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Friday, June 09, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
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 $144.82 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 $0.552 between high and low, or 0.374%. For the last week the ETF has had daily average volatility of 0.579%.
Our recommended stop-loss: $142.81 (-3.33%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (XLV) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect THE HEALTH CARE SELECT SECTOR SPDR FUND to open at $147.88, and during the day (based on 14 day Average True Range), to move between $146.51 and $148.95, which gives a possible trading interval of +/-$1.22 (+/-0.83%) 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 1.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $147.86 (0.09%) than the support at $144.82 (1.97%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for THE HEALTH CARE SELECT SECTOR SPDR FUND ETF to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.055 Buy Candidate Downgraded
Predicted Opening Price for THE HEALTH CARE SELECT SECTOR SPDR FUND of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$147.88 ( 0.102%) | $147.73 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 148.43 | 0.475 % | |
R2 | 148.22 | 0.333 % | ||
R1 | 148.09 | 0.245 % | ||
Current price: | 147.73 | |||
Support | S1 | 147.67 | -0.0407 % | |
S2 | 147.54 | -0.129 % | ||
S3 | 147.33 | -0.272 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 147.86 | 0.0880 % | ||
Current price | 147.73 | |||
Support | S1 | 144.82 | -1.97% | |
S2 | 139.24 | -5.75% | ||
S3 | 138.78 | -6.06% |
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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