VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

XSW Forecast and Technical Stock Analysis

Buy candidate since 2019-07-15 Loss -0.62%

SPDR(R) S&P(R) SOFTWARE & SERVICES ETF SPDR(R) S&P(R) SOFTWARE & SERVICES ETF gained 0.07% in the last trading day ( Wednesday, 17th Jul 2019 ), rising from $99.29 to $99.36 During day the stock fluctuated 0.89% from a day low at $99.08 to a day high of $99.96. The price has risen in 7 of the last 10 days and is up by 2.33% 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, 28 more shares were traded than the day before. In total, 15 339 shares bought and sold for approximately $1.52 million.

Quick summary:

  • 30 day high of the XSW stock price was $100.23 and low was $93.64.
  • 90 day high was $100.23 and low was $88.96.
  • 52 week high for the SPDR(R) S&P(R) SOFTWARE & SERVICES ETF SPDR(R) S&P(R) SOFTWARE & SERVICES ETF - $100.23 and low - $69.55.
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Trend

SPDR(R) S&P(R) SOFTWARE & SERVICES ETF SPDR(R) S&P(R) SOFTWARE & SERVICES ETF lies in the upper part of a wide and weak rising 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 $100.47 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 2.14% during the next 3 months and, with 90% probability hold a price between $92.63 and $102.62 at the end of this period.

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Signals

SPDR(R) S&P(R) SOFTWARE & SERVICES ETF SPDR(R) S&P(R) SOFTWARE & SERVICES ETF holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $99.37. On a fall, the stock will find some support from the long-term average at approximately $95.78. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. 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. A sales signal was issued from a pivot top point on Friday July 12, 2019, which indicates further falls until a new bottom pivot has been found.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 85 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 behavior.

Support & Resistance

SPDR(R) S&P(R) SOFTWARE & SERVICES ETF SPDR(R) S&P(R) SOFTWARE & SERVICES ETF finds support from accumulated volume at $97.71.

Support: $97.71 Price: $99.36 Resistance: $99.42

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.88 (0.89%) between high and low. For the last week, the stock has had a daily average volatility of 0.82%.

The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but 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: $95.63 (-3.76%) (This stock has low daily movements and this gives low risk. The RSI14 is 85 and this increases the risk substantially. There is a sell signal from pivot top found 3 days ago.)

0.82 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

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 this stock to perform well in the short-term.

Will XSW stock price go up or down on Fri, 19 Jul 2019?

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