Industrial Select Sector Spdr $XLI Trading Report
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Strong | Neutral |
| P1 | 0 | 0 | 70.95 |
| P2 | 77.15 | 76.77 | 76.08 |
| P3 | 78.11 | 78.65 | 80.60 |
Support and Resistance Plot Chart for XLI
Long Term Trading Plans for XLI
October 23, 2019, 10:30 pm ET
The Technical Summary and Trading Plans for XLI help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this XLI Report.
XLI - (Long) Support Plan
The technical summary data tells us to buy XLI near 76.08 with an upside target of 80.60. This data also tells us to set a stop loss @ 75.82 to protect against excessive loss in case the stock begins to move against the trade. 76.08 is the first level of support below 78 , and by rule, any test of support is a buy signal. In this case, support 76.08 is being tested, a buy signal would exist.
XLI - (Short) Resistance Plan
The technical summary data is suggesting a short of XLI as it gets near 80.60 with a downside target of 76.08. We should have a stop loss in place at 80.86 though. 80.60 is the first level of resistance above 78, and by rule, any test of resistance is a short signal. In this case, if resistance 80.60 is being tested, a short signal would exist.
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