|
|
|
|
Select Sector SPDR ETFs Technical Analysis - XHBArchive
- 5/10/2024 -
Sign In to see current Signals. |
SPDR Homebuilders (XHB) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a third positive week after 3 consecutive negative weeks for the SPDR Homebuilders (XHB). During the week, the XHB gained 2.29 points, or 2.18%, and closed at 107.51 on Friday, May 10, 2024. Weekly volume was -41% below average.
 Long-term trend: [See XHB long-term trend chart]
A long-term uptrend had started on June 17, 2022 at 51.23 and reached 111.96 on March 28, 2024. XHB gained -60.73 points, or -118.54%, in 92 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (81.91) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See XHB medium-term trend chart]
A medium-term downtrend had started on March 28, 2024 at 111.96 and reached 99.58 on April 19, 2024. XHB lost 12.38 points, or 11.06%, in 3 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See XHB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See XHB short-term trend chart]
A short-term uptrend had started on April 19, 2024 at 99.58 and reached 108.05 on May 10, 2024. XHB gained -8.47 points, or -8.51%, in 21 days. The price is now at the 6.38% retracement level.
 Daily Technical Indicators: [See XHB daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since May 1, 2024. This is an indication that the short-term trend is up.
| |
|
|
|
|
| Daily Oscillators |
|
|
| Weekly Oscillators |
|
|
| Trading
Signals |
|
|
|
| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
|
|
| Industry |
|
|
|
| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
99.58 |
| Low Date |
04/19/2024 |
| High |
108.05 |
| High Date |
05/10/2024 |
|
| Weekly Trend |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
|
| Resistance |
|
| Support |
|
| High |
111.96 |
| High Date |
03/28/2024 |
| Low |
99.58 |
| Low Date |
04/19/2024 |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
|
| Resistance |
|
| Support |
|
| Low |
69.32 |
| Low Date |
10/25/2023 |
| High |
111.96 |
| High Date |
03/28/2024 |
|
| Quarterly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
99.50 |
| Support |
81.91 |
| Low |
51.23 |
| Low Date |
06/17/2022 |
| High |
111.96 |
| High Date |
03/28/2024 |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
|
| Resistance |
|
| Support |
|
| Low |
8.00 |
| Low Date |
03/09/2009 |
| High |
111.96 |
| High Date |
03/28/2024 |
|
|