Health Care Select Sector Spdr $XLV Trading Report

November 18, 2023, 17:15 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for XLV

• Buy XLV slightly over 124.62 target 129.34 stop loss @ 124.26 Details

The technical summary data tells us to buy XLV near 124.62 with an upside target of 129.34. This data also tells us to set a stop loss @ 124.26 to protect against excessive loss in case the stock begins to move against the trade. 124.62 is the first level of support below 128.25 , and by rule, any test of support is a buy signal. In this case, support 124.62 would be being tested, so a buy signal would exist.

• Short XLV slightly under 129.34, target 124.62, stop loss @ 129.71 Details

The technical summary data is suggesting a short of XLV as it gets near 129.34 with a downside target of 124.62. We should have a stop loss in place at 129.71though. 129.34 is the first level of resistance above 128.25, and by rule, any test of resistance is a short signal. In this case, if resistance 129.34 is being tested, so a short signal would exist.

Swing Trading Plans for XLV

• Buy XLV slightly over 128.94, target 129.34, Stop Loss @ 128.57 Details

If 128.94 begins to break higher, the technical summary data tells us to buy XLV just slightly over 128.94, with an upside target of 129.34. The data also tells us to set a stop loss @ 128.57 in case the stock turns against the trade. 128.94 is the first level of resistance above 128.25, and by rule, any break above resistance is a buy signal. In this case, 128.94, 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 XLV slightly near 128.94, target 126.65, Stop Loss @ 129.31. Details

The technical summary data is suggesting a short of XLV if it tests 128.94 with a downside target of 126.65. We should have a stop loss in place at 129.31 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, 128.94, 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 XLV

• Buy XLV slightly over 129.11, target 129.34, Stop Loss @ 128.81 Details

If 129.11 begins to break higher, the technical summary data tells us to buy XLV just slightly over 129.11, with an upside target of 129.34. The data also tells us to set a stop loss @ 128.81 in case the stock turns against the trade. 129.11 is the first level of resistance above 128.25, and by rule, any break above resistance is a buy signal. In this case, 129.11, 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 XLV slightly near 129.11, target 128.05, Stop Loss @ 129.41. Details

The technical summary data is suggesting a short of XLV if it tests 129.11 with a downside target of 128.05. We should have a stop loss in place at 129.41 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, 129.11, 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 Health Care Select Sector Spdr (XLV) available here: XLV.

XLV Ratings for November 18:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	124.62
P2	128.05	126.65	129.34
P3	129.11	128.94	133.77

AI Generated Signals for XLV

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Trading or Investing in Health Care Select Sector Spdr (NYSE: XLV) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

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