Bullish vs. Bearish (17 opinions)
Social Sentiment 0.10
XLF Forecast and Technical Stock Analysis
Hold candidate since 2019-09-12 Gain 0.88% PDF
THE FINANCIAL SELECT SECTOR SPDR FUND THE FINANCIAL SELECT SECTOR SPDR FUND gained 0.35% in the last trading day ( Wednesday, 18th Sep 2019 ), rising from $28.42 to $28.52 , and 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 day the stock fluctuated 1.28% from a day low at $28.23 to a day high of $28.59. The price has risen in 8 of the last 10 days and is up by 6.02% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 16.98 million more shares were traded than the day before. In total, 57.22 million shares bought and sold for approximately $1 631.90 million.
- 30 day high of the XLF stock price was $28.60 and low was $25.92.
- 90 day high was $28.72 and low was $25.92.
- 52 week high for THE FINANCIAL SELECT SECTOR SPDR FUND THE FINANCIAL SELECT SECTOR SPDR FUND - $29.07 and low - $22.05.
THE FINANCIAL SELECT SECTOR SPDR FUND THE FINANCIAL SELECT SECTOR SPDR FUND has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $28.43 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $30.91 sometime during the next 3 months.
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 $28.31 and $27.17. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday August 23, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 86 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
THE FINANCIAL SELECT SECTOR SPDR FUND THE FINANCIAL SELECT SECTOR SPDR FUND finds support from accumulated volume at $27.86.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.36 (1.28%) between high and low. For the last week, the stock has had daily average volatility of 1.05%.
The stock is extremely overbought on RSI14 (86). Normally this will pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $27.07 (-5.08%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from pivot bottom found 17 days ago.)
1.05 %Average volatility
Very Low Low Medium High Very High
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 further development.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!