THE FINANCIAL SELECT SECTOR SPDR FUND THE FINANCIAL SELECT SECTOR SPDR FUND Stock Analysis
Technical stock analysis for 23 January 2019
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THE FINANCIAL SELECT SECTOR SPDR FUND THE FINANCIAL SELECT SECTOR SPDR FUND gained 0.12% in the last trading day, rising from $25.70 to $25.73 The price has risen in 9 of the last 10 days and is up by 5.84% over the past 2 weeks. Volume fell in the last day by -35.69 million shares, and in total, 43.46 million shares bought and sold for approximately $1 118.35 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the XLF stock was $25.73. This is 0.12% more than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 1.53% from a day low at $25.44 to a day high of $25.83.
30 day high of the XLF stock price was $26.03 and low was $22.05.
90 day high was $27.52 and low was $22.05.
52 week high for the THE FINANCIAL SELECT SECTOR SPDR FUND THE FINANCIAL SELECT SECTOR SPDR FUND - $30.33 and low - $22.05.
THE FINANCIAL SELECT SECTOR SPDR FUND THE FINANCIAL SELECT SECTOR SPDR FUND lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $25.91 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.16% during the next 3 months and, with 90% probability hold a price between $19.51 and $23.54 at the end of this period.
THE FINANCIAL SELECT SECTOR SPDR FUND THE FINANCIAL SELECT SECTOR SPDR FUND holds buy signals from both short- and long-term moving averages. In addition, 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 $25.42 and $24.56. A break down 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 may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
The stock holds a RSI14 at 75 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
THE FINANCIAL SELECT SECTOR SPDR FUND THE FINANCIAL SELECT SECTOR SPDR FUND finds support from accumulated volume at $25.60.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.39 between high and low, or 1.53%. For the last week, the stock has had a daily average volatility of 1.71%.
The stock is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the stock is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: $24.75 (-3.82%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 75 and this increases the risk substantially. There is a sell signal from pivot top found 2 days ago.)
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THE FINANCIAL SELECT SECTOR SPDR FUND THE FINANCIAL SELECT SECTOR SPDR FUND holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.