|
|
Uptrend Broken SupportArchive
- 5/3/2024 -
Sign In to see current Signals. |
Health Care Select Sector SPDR (XLV) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a third consecutive positive week for the Health Care Select Sector SPDR (XLV). During the week, the XLV climbed 0.87 points, or 0.62%, and closed at 140.83 on Friday, May 3, 2024. XLV was trading at average weekly trading volume.
 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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. Price is near the Fibonacci 23.6% 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 141.84 on May 1, 2024. XLV gained -3.63 points, or -2.63%, in 13 days. The price is now at the 27.82% retracement level.
Daily Technical Indicators: [See XLV daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 23, 2024. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (139.58) comes close to the price (140.83). It indicates that the trend is getting weaker. 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.
The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
| |
|
|