Utilities Select Sector Spdr (XLU) Trading Report

Source: Stock Traders Daily

Longer Term Trading Plans for XLU
  • Buy XLU over 66.94 target 69.52 stop loss @ 66.75 Details
  • The technical summary data tells us to buy XLU near 66.94 with an upside target of 69.52. This data also tells us to set a stop loss @ 66.75 to protect against excessive loss in case the stock begins to move against the trade. 66.94 is the first level of support below 68.1 , and by rule, any test of support is a buy signal. In this case, support 66.94 is being tested, a buy signal would exist.

  • Short XLU under 69.52, target 66.94, stop loss @ 69.72 Details
  • The technical summary data is suggesting a short of XLU as it gets near 69.52 with a downside target of 66.94. We should have a stop loss in place at 69.72though. 69.52 is the first level of resistance above 68.1, and by rule, any test of resistance is a short signal. In this case, if resistance 69.52 is being tested, a short signal would exist.

Swing Trading Plans for XLU
  • Buy XLU over 68.47, target 69.52, Stop Loss @ 68.27 Details
  • If 68.47 begins to break higher, the technical summary data tells us to buy XLU just over 68.47, with an upside target of 69.52. The data also tells us to set a stop loss @ 68.27 in case the stock turns against the trade. 68.47 is the first level of resistance above 68.1, and by rule, any break above resistance is a buy signal. In this case, 68.47, 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 near 68.47, target 66.94, Stop Loss @ 68.67. Details
  • The technical summary data is suggesting a short of XLU if it tests 68.47 with a downside target of 66.94. We should have a stop loss in place at 68.67 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, 68.47, 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 over 68.47, target 68.76, Stop Loss @ 68.31 Details
  • If 68.47 begins to break higher, the technical summary data tells us to buy XLU just over 68.47, with an upside target of 68.76. The data also tells us to set a stop loss @ 68.31 in case the stock turns against the trade. 68.47 is the first level of resistance above 68.1, and by rule, any break above resistance is a buy signal. In this case, 68.47, 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 near 68.47, target 67.86, Stop Loss @ 68.63. Details
  • The technical summary data is suggesting a short of XLU if it tests 68.47 with a downside target of 67.86. We should have a stop loss in place at 68.63 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, 68.47, 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.

XLU Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Neutral Neutral
P1 0 0 64.43
P2 67.86 68.47 66.94
P3 68.76 69.73 69.52

XLU Long Term Analysis for September 15 2021


XLU Swing Trading Analysis for September 15 2021


XLU Day Trading Analysis for September 15 2021

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Utilities Select Sector Spdr (NYSE: XLU) while incorporating prudent risk controls.

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.

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 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.

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