Industrial Select Sector Spdr $XLI Investment Analysis

November 18, 2023, 16:15 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for XLI

• Buy XLI slightly over 104.69 target 109.15 stop loss @ 104.39 Details

The technical summary data tells us to buy XLI near 104.69 with an upside target of 109.15. This data also tells us to set a stop loss @ 104.39 to protect against excessive loss in case the stock begins to move against the trade. 104.69 is the first level of support below 105.61 , and by rule, any test of support is a buy signal. In this case, support 104.69 is being tested, a buy signal would exist.

• Short XLI slightly under 109.15, target 104.69, stop loss @ 109.47 Details

The technical summary data is suggesting a short of XLI as it gets near 109.15 with a downside target of 104.69. We should have a stop loss in place at 109.47though. 109.15 is the first level of resistance above 105.61, and by rule, any test of resistance is a short signal. In this case, if resistance 109.15 is being tested, a short signal would exist.

Swing Trading Plans for XLI

• Buy XLI slightly over 106.31, target 109.15, Stop Loss @ 106 Details

If 106.31 begins to break higher, the technical summary data tells us to buy XLI just slightly over 106.31, with an upside target of 109.15. The data also tells us to set a stop loss @ 106 in case the stock turns against the trade. 106.31 is the first level of resistance above 105.61, and by rule, any break above resistance is a buy signal. In this case, 106.31, 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 XLI slightly near 106.31, target 104.69, Stop Loss @ 106.62. Details

The technical summary data is suggesting a short of XLI if it tests 106.31 with a downside target of 104.69. We should have a stop loss in place at 106.62 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, 106.31, 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 XLI

• Buy XLI slightly over 106.31, target 106.63, Stop Loss @ 106.06 Details

If 106.31 begins to break higher, the technical summary data tells us to buy XLI just slightly over 106.31, with an upside target of 106.63. The data also tells us to set a stop loss @ 106.06 in case the stock turns against the trade. 106.31 is the first level of resistance above 105.61, and by rule, any break above resistance is a buy signal. In this case, 106.31, 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 XLI slightly near 106.31, target 105.24, Stop Loss @ 106.56. Details

The technical summary data is suggesting a short of XLI if it tests 106.31 with a downside target of 105.24. We should have a stop loss in place at 106.56 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, 106.31, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Industrial Select Sector Spdr (XLI) available here: XLI.

XLI Ratings for November 18:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	99.85
P2	105.24	104.54	104.69
P3	106.63	106.31	109.15

AI Generated Signals for XLI

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With an objective approach to Industrial Select Sector Spdr (NYSE: XLI), 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 XLI 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 XLI 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 XLI too.  All of these are offered below the Summary Table.