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Trend Tracker for Spdr S&p Metals & Mining $XME

Longer Term Trading Plans for XME
  • Buy XME slightly over 43.37 target 50.33 stop loss @ 43.24 Details
  • The technical summary data tells us to buy XME near 43.37 with an upside target of 50.33. This data also tells us to set a stop loss @ 43.24 to protect against excessive loss in case the stock begins to move against the trade. 43.37 is the first level of support below 49.72 , and by rule, any test of support is a buy signal. In this case, support 43.37 would be being tested, so a buy signal would exist.

  • Short XME slightly under 50.33, target 43.37, stop loss @ 50.48 Details
  • The technical summary data is suggesting a short of XME as it gets near 50.33 with a downside target of 43.37. We should have a stop loss in place at 50.48though. 50.33 is the first level of resistance above 49.72, and by rule, any test of resistance is a short signal. In this case, if resistance 50.33 is being tested, so a short signal would exist.

Swing Trading Plans for XME
  • Buy XME slightly over 50.03, target 50.33, Stop Loss @ 49.89 Details
  • If 50.03 begins to break higher, the technical summary data tells us to buy XME just slightly over 50.03, with an upside target of 50.33. The data also tells us to set a stop loss @ 49.89 in case the stock turns against the trade. 50.03 is the first level of resistance above 49.72, and by rule, any break above resistance is a buy signal. In this case, 50.03, 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 XME slightly near 50.03, target 47.11, Stop Loss @ 50.17. Details
  • The technical summary data is suggesting a short of XME if it tests 50.03 with a downside target of 47.11. We should have a stop loss in place at 50.17 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, 50.03, 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 XME
  • Buy XME slightly over 50.03, target 50.33, Stop Loss @ 49.91 Details
  • If 50.03 begins to break higher, the technical summary data tells us to buy XME just slightly over 50.03, with an upside target of 50.33. The data also tells us to set a stop loss @ 49.91 in case the stock turns against the trade. 50.03 is the first level of resistance above 49.72, and by rule, any break above resistance is a buy signal. In this case, 50.03, 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 XME slightly near 50.03, target 47.11, Stop Loss @ 50.15. Details
  • The technical summary data is suggesting a short of XME if it tests 50.03 with a downside target of 47.11. We should have a stop loss in place at 50.15 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, 50.03, 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.

Real Time Updates are available on our Spdr S&p Metals & Mining (XME) Page here: XME.

XME Ratings for March 23:

Term →Near Mid Long
Rating Weak Neutral Neutral
P1 0 0 43.37
P2 50.61 47.11 50.33
P3 51.45 50.03 57.57
Triggers may have already come
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Support and Resistance Plot Chart for XME

XME Long Term Analysis for March 23 2023

Blue = Current Price
Red= Resistance
Green = Support

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The data for Spdr S&p Metals & Mining (NYSE: XME) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for XME 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 XME 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 XME too.  All of these are offered below the Summary Table.