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Uptrend SupportArchive
- 4/26/2024 -
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Health Care Select Sector SPDR (XLV) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Health Care Select Sector SPDR (XLV). During the week, the XLV climbed 1.01 points, or 0.73%, and closed at 139.96 on Friday, April 26, 2024. Weekly volume was -10% below average.
 Long-term trend: [See XLV long-term trend chart]
A long-term uptrend had started on June 16, 2022 at 118.75 and reached 148.27 on February 23, 2024. XLV gained -29.52 points, or -24.86%, in 88 weeks. The price is now at the 28.15% retracement level.
 Medium-term trend: [See XLV medium-term trend chart]
A medium-term downtrend had started on February 23, 2024 at 148.27 and reached 138.21 on April 18, 2024. XLV lost 10.06 points, or 6.78%, in 7 weeks. The price is now at the 17.40% retracement level.
 Weekly Technical Indicators: [See XLV weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 5, 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 XLV short-term trend chart]
A short-term uptrend had started on April 18, 2024 at 138.21 and reached 141.56 on April 23, 2024. XLV gained -3.35 points, or -2.42%, in 5 days. The price is now at the 47.76% retracement level.
 Daily Technical Indicators: [See XLV daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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