Materials Select Sector Spdr XLB Investment Analysis

Longer Term Trading Plans for XLB
  • Buy XLB slightly over 79.90 target n/a stop loss @ 79.67. Details
  • The technical summary data tells us to buy XLB near 79.90, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 79.67 to protect against excessive loss in case the stock begins to move against the trade. 79.90 is the first level of support below 80.53, and by rule, any test of support is a buy signal. In this case, if support 79.90 is being tested, a buy signal would exist.

  • NONE . Details
  • NONE .
    There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for XLB
  • Buy XLB slightly over 83.03, target n/a, Stop Loss @ 82.79 Details
  • If 83.03 begins to break higher, the technical summary data tells us to buy XLB just slightly over 83.03, with an upside target of n/a. The data also tells us to set a stop loss @ 82.79 in case the stock turns against the trade. 83.03 is the first level of resistance above 80.53, and by rule, any break above resistance is a buy signal. In this case, 83.03, 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 XLB slightly near 83.03, target 80.22, Stop Loss @ 83.27. Details
  • The technical summary data is suggesting a short of XLB if it tests 83.03 with a downside target of 80.22. We should have a stop loss in place at 83.27 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, 83.03, 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 XLB
  • Buy XLB slightly over 81.69, target 83.16, Stop Loss @ 81.5 Details
  • If 81.69 begins to break higher, the technical summary data tells us to buy XLB just slightly over 81.69, with an upside target of 83.16. The data also tells us to set a stop loss @ 81.5 in case the stock turns against the trade. 81.69 is the first level of resistance above 80.53, and by rule, any break above resistance is a buy signal. In this case, 81.69, 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 XLB slightly near 81.69, target 80.22, Stop Loss @ 81.88. Details
  • The technical summary data is suggesting a short of XLB if it tests 81.69 with a downside target of 80.22. We should have a stop loss in place at 81.88 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, 81.69, 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.

XLB Ratings for November 29:

Term →Near Mid Long
Rating Weak Strong Weak
P1 0 0 67.94
P2 81.69 80.22 73.96
P3 83.16 83.03 79.90
Triggers may have already come
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Chart of XLB with Longer Term Pivots

Blue = Current Price
Red= Resistance
Green = Support


XLB Long Term Analysis for November 29 2022

With an objective approach to Materials Select Sector Spdr (NYSE: XLB), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if XLB 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 XLB too.  All of these are offered below the Summary Table.

Graph of Evitar Corte vs S&P 500

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