|
|
Downtrend ResistanceArchive
- 4/5/2024 -
Sign In to see current Signals. |
Utilities Select Sector SPDR (XLU) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Utilities Select Sector SPDR (XLU). During the week, the XLU gave back -0.49 points, or -0.75%, and closed at 65.16 on Friday, April 5, 2024. It was the worst weekly loss since February 9, 2024. Weekly volume was -10% below average.
 Long-term trend: [See XLU long-term trend chart]
A long-term downtrend had started on September 12, 2022 at 78.20 and reached 54.77 on October 6, 2023. XLU lost 23.43 points, or 29.96%, in 55 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (51.96) is broken. A broken support is considered to be a long-term bullish signal. 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 XLU medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 66.70 and reached 59.14 on February 13, 2024. XLU lost 7.56 points, or 11.33%, in 8 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (56.23) is broken. A broken support is considered to be a long-term bullish signal. 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 medium-term trend.
 Weekly Technical Indicators: [See XLU weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since November 10, 2023. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See XLU short-term trend chart]
A short-term uptrend had started on March 18, 2024 at 62.65 and reached 65.80 on April 4, 2024. XLU gained -3.15 points, or -5.03%, in 17 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 64.32 and resistance is at 65.92. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.
 Daily Technical Indicators: [See XLU daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since March 26, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
| |
|
|