Utilities Select Sector Spdr $XLU Investment Analysis and Advice

March 13, 2023, 10:00 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for XLU

• Buy XLU slightly over 65.37 target 70.24 stop loss @ 65.18 Details

The technical summary data tells us to buy XLU near 65.37 with an upside target of 70.24. This data also tells us to set a stop loss @ 65.18 to protect against excessive loss in case the stock begins to move against the trade. 65.37 is the first level of support below 65.6 , and by rule, any test of support is a buy signal. In this case, support 65.37 would be being tested, so a buy signal would exist.

• Short XLU slightly under 70.24, target 65.37, stop loss @ 70.44 Details

The technical summary data is suggesting a short of XLU as it gets near 70.24 with a downside target of 65.37. We should have a stop loss in place at 70.44though. 70.24 is the first level of resistance above 65.6, and by rule, any test of resistance is a short signal. In this case, if resistance 70.24 is being tested, so a short signal would exist.

Swing Trading Plans for XLU

• Buy XLU slightly over 66.24, target 70.24, Stop Loss @ 66.05 Details

If 66.24 begins to break higher, the technical summary data tells us to buy XLU just slightly over 66.24, with an upside target of 70.24. The data also tells us to set a stop loss @ 66.05 in case the stock turns against the trade. 66.24 is the first level of resistance above 65.6, and by rule, any break above resistance is a buy signal. In this case, 66.24, 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 slightly near 66.24, target 65.37, Stop Loss @ 66.43. Details

The technical summary data is suggesting a short of XLU if it tests 66.24 with a downside target of 65.37. We should have a stop loss in place at 66.43 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, 66.24, 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 65.61, target 66.24, Stop Loss @ 65.46 Details

If 65.61 begins to break higher, the technical summary data tells us to buy XLU just slightly over 65.61, with an upside target of 66.24. The data also tells us to set a stop loss @ 65.46 in case the stock turns against the trade. 65.61 is the first level of resistance above 65.6, and by rule, any break above resistance is a buy signal. In this case, 65.61, 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 slightly near 65.61, target 65.37, Stop Loss @ 65.76. Details

The technical summary data is suggesting a short of XLU if it tests 65.61 with a downside target of 65.37. We should have a stop loss in place at 65.76 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, 65.61, 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.

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XLU Ratings for March 13:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	65.37
P2	64.44	64.22	70.24
P3	65.61	66.24	74.91

Support and Resistance Plot Chart for XLU

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Prudent Investment Analysis requires observations of the support and resistance levels for Utilities Select Sector Spdr (NYSE: XLU) too.  These define prudent trading plans.

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.