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Utilities Select Sector Spdr XLU Trading Report

Trading or Investing in Utilities Select Sector Spdr (NYSE: XLU) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for XLU change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if XLU is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for XLU too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for XLU
  • Buy XLU slightly over 64.62 target 67.14 stop loss @ 64.43 Details
  • The technical summary data tells us to buy XLU near 64.62 with an upside target of 67.14. This data also tells us to set a stop loss @ 64.43 to protect against excessive loss in case the stock begins to move against the trade. 64.62 is the first level of support below 65.15 , and by rule, any test of support is a buy signal. In this case, support 64.62 would be being tested, so a buy signal would exist.

  • Short XLU under 67.14, target 64.62, stop loss @ 67.33 Details
  • The technical summary data is suggesting a short of XLU as it gets near 67.14 with a downside target of 64.62. We should have a stop loss in place at 67.33though. 67.14 is the first level of resistance above 65.15, and by rule, any test of resistance is a short signal. In this case, if resistance 67.14 is being tested, so a short signal would exist.

Swing Trading Plans for XLU
  • Buy XLU slightly over 65.90, target 67.14, Stop Loss @ 65.71 Details
  • If 65.90 begins to break higher, the technical summary data tells us to buy XLU just slightly over 65.90, with an upside target of 67.14. The data also tells us to set a stop loss @ 65.71 in case the stock turns against the trade. 65.90 is the first level of resistance above 65.15, and by rule, any break above resistance is a buy signal. In this case, 65.90, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short XLU near 65.90, target 64.68, Stop Loss @ 66.09. Details
  • The technical summary data is suggesting a short of XLU if it tests 65.90 with a downside target of 64.68. We should have a stop loss in place at 66.09 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 65.90, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for XLU
  • Buy XLU slightly over 65.69, target 65.90, Stop Loss @ 65.54 Details
  • If 65.69 begins to break higher, the technical summary data tells us to buy XLU just slightly over 65.69, with an upside target of 65.90. The data also tells us to set a stop loss @ 65.54 in case the stock turns against the trade. 65.69 is the first level of resistance above 65.15, and by rule, any break above resistance is a buy signal. In this case, 65.69, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short XLU near 65.69, target 64.72, Stop Loss @ 65.84. Details
  • The technical summary data is suggesting a short of XLU if it tests 65.69 with a downside target of 64.72. We should have a stop loss in place at 65.84 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 65.69, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

XLU Ratings for September 24:

Term →Near Mid Long
Rating Weak Neutral Neutral
P1 0 0 64.62
P2 64.72 64.68 67.14
P3 65.69 65.90 69.73
Triggers may have already come
Support and Resistance Plot Chart for XLU

XLU Long Term Analysis for September 24 2021

Blue = Current Price
Red= Resistance
Green = Support

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