THE INDUSTRIAL SELECT SECTOR SPDR FUND ETF Forecast

$125.96
+0.0200 (+0.0159%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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THE INDUSTRIAL SELECT SECTOR SPDR FUND ETF downgraded to Buy Candidate
(Updated on Mar 28, 2024)

Buy or Hold candidate since Jan 18, 2024 Gain 12.75% PDF

The THE INDUSTRIAL SELECT SECTOR SPDR FUND ETF price gained 0.0159% on the last trading day (Thursday, 28th Mar 2024), rising from $125.94 to $125.96. During the last trading day the ETF fluctuated 0.453% from a day low at $125.72 to a day high of $126.29. The price has risen in 6 of the last 10 days and is up by 3.23% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 366 thousand more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately $917.83 million.

The ETF lies in the middle of a strong 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 13.48% during the next 3 months and, with a 90% probability hold a price between $139.39 and $146.80 at the end of this 3-month period.

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XLI Signals & Forecast

The THE INDUSTRIAL 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 $125.07 and $121.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 17, 2024, and so far it has risen 14.27%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for THE INDUSTRIAL SELECT SECTOR SPDR FUND ETF

THE INDUSTRIAL SELECT SECTOR SPDR FUND finds support from accumulated volume at $120.22 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 $0.570 between high and low, or 0.453%. For the last week the ETF has had daily average volatility of 0.728%.

Our recommended stop-loss: $121.40 (-3.62%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 50 days ago.)

Trading Expectations (XLI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect THE INDUSTRIAL SELECT SECTOR SPDR FUND to open at $125.99, and during the day (based on 14 day Average True Range), to move between $124.80 and $127.12, which gives a possible trading interval of +/-$1.16 (+/-0.92%) up or down from last closing price. If THE INDUSTRIAL SELECT SECTOR SPDR FUND takes out the full calculated possible swing range there will be an estimated 1.85% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $120.22, some $5.74 (4.56%) from the current price of $125.96, our system finds the risk reward attractive.

Is THE INDUSTRIAL 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 INDUSTRIAL 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: 4.723 Buy Candidate Downgraded

Predicted Opening Price for THE INDUSTRIAL SELECT SECTOR SPDR FUND of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$125.99 ( 0.0238%) $125.96

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for XLI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 126.56 0.476 %
R2 126.34 0.303 %
R1 126.21 0.197 %
Current price: 125.96
Support S1 125.77 -0.149 %
S2 125.64 -0.256 %
S3 125.42 -0.429 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 125.96
Support S1 120.22 -4.56%
S2 114.81 -8.85%
S3 111.16 -11.75%

XLI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 18, 2024 Mar 18, 2024 Mar 21, 2024 $0.376 0.299%
2 Dec 18, 2023 Dec 18, 2023 Dec 18, 2023 $0.615 0.547%
3 Jan 13, 2023 Sep 18, 2023 Sep 21, 2023 $0.426 0.417%
4 Jan 13, 2023 Jun 20, 2023 Jun 23, 2023 $0.420 0.407%
5 Jan 13, 2023 Mar 20, 2023 Mar 23, 2023 $0.395 0.409%

FAQ

What is the symbol for THE INDUSTRIAL SELECT SECTOR SPDR FUND ETF and on which exchange is it traded?
The symbol for THE INDUSTRIAL SELECT SECTOR SPDR FUND is XLI and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell THE INDUSTRIAL SELECT SECTOR SPDR FUND ETF?
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 INDUSTRIAL 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.

How to buy THE INDUSTRIAL SELECT SECTOR SPDR FUND ETF?
THE INDUSTRIAL SELECT SECTOR SPDR FUND ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy THE INDUSTRIAL SELECT SECTOR SPDR FUND ETF.

What's the current price of THE INDUSTRIAL SELECT SECTOR SPDR FUND ETF?
As of the end of day on the 2024-03-28, the price of an THE INDUSTRIAL SELECT SECTOR SPDR FUND (XLI) share was $125.96.

What is the 52-week high and low for THE INDUSTRIAL SELECT SECTOR SPDR FUND ETF?
The 52-week high for THE INDUSTRIAL SELECT SECTOR SPDR FUND ETF is $126.29 and the 52-week low is $96.12.

What is the market capitalization of THE INDUSTRIAL SELECT SECTOR SPDR FUND ETF?
As of the 2024-03-28, the market capitalization of THE INDUSTRIAL SELECT SECTOR SPDR FUND is 17.001B.
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About THE INDUSTRIAL SELECT SECTOR SPDR FUND

Under normal market conditions, the fund generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes securities of companies from the following industries: aerospace and defense; industrial conglomerates; marine; transportation infrastructure; machinery; road and rail; air freight and logistics; commercial services and supplies; etc. It is non-diversified.... XLI Profile

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