SPDR - UTILITIES
XLU
- USD (-)
- 15 min delayed data - NYSE MKT Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: ETF
Ticker: XLU
ISIN:

SPDR - UTILITIES - Daily - Technical analysis published on 09/25/2022 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 74.31 USD
My targets
70.98 USD (-1.09%)
66.56 USD (-7.25%)
My analysis
The strong short-term decline of SPDR - UTILITIES reinforces the current slightly bearish trend. As long as the price remains below 74.31 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 70.98 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 66.56 USD as an objective. Crossing it would then enable sellers to target 64.90 USD. A return to above 74.31 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Clay707. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The SPDR - UTILITIES price is 71.76 USD. The price registered a decrease of -1.16% on the session and was between 70.84 USD and 71.99 USD. This implies that the price is at +1.30% from its lowest and at -0.32% from its highest.

70.84
71.99
71.76

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of SPDR - UTILITIES in Daily shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily



Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Downside gap

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 64.90 66.56 70.98 71.76 74.31 75.37 76.96
Change (%) -9.56% -7.25% -1.09% - +3.55% +5.03% +7.25%
Change -6.86 -5.20 -0.78 - +2.55 +3.61 +5.20
Level Major Minor Major - Major Minor Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard69.9270.3871.0771.5372.2272.6873.37
Camarilla71.4471.5571.6671.7671.8771.9772.08
Woodie70.0470.4471.1971.5972.3472.7473.49
Fibonacci70.3870.8271.0971.5371.9772.2472.68


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard65.9568.3970.0872.5274.2176.6578.34
Camarilla70.6271.0071.3871.7672.1472.5272.90
Woodie65.5768.2069.7072.3373.8376.4677.96
Fibonacci68.3969.9770.9572.5274.1075.0876.65


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard66.5369.5771.9675.0077.3980.4382.82
Camarilla72.8573.3573.8474.3474.8475.3475.83
Woodie66.2069.4171.6374.8477.0680.2782.49
Fibonacci69.5771.6572.9375.0077.0878.3680.43

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 34.83
MACD (12,26,9): -0.5500
Directional Movement: -20.98
AROON (14): -64.29
DEMA (21): 74.33
Parabolic SAR (0,02-0,02-0,2): 76.36
Elder Ray (13): -2.92
Super Trend (3,10): 75.66
Zig ZAG (10): 71.76
VORTEX (21): 0.7700
Stochastique (14,3,5): 6.45
TEMA (21): 73.17
Williams %R (14): -87.53
Chande Momentum Oscillator (20): -5.37
Repulse (5,40,3): -1.0300
ROCnROLL: 2
TRIX (15,9): 0.0100
Courbe Coppock: 4.88
MA7: 73.61
MA20: 75.16
MA50: 74.37
MA100: 72.64
MAexp7: 73.49
MAexp20: 74.72
MAexp50: 74.31
MAexp100: 73.24
Price / MA7: -2.51%
Price / MA20: -4.52%
Price / MA50: -3.51%
Price / MA100: -1.21%
Price / MAexp7: -2.35%
Price / MAexp20: -3.96%
Price / MAexp50: -3.43%
Price / MAexp100: -2.02%

Quotes : - 15 min delayed data - NYSE MKT Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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