XLV – Health Care Select SPDR Fun
Context Technical Analysis
In mid-October XLV moved above its 10- 20- and 50-day exponential moving averages.
The Fund is currently moving in a bullish channel between its 10-day exponential moving average and the upper Bollinger Band.
The stock’s 20- and 50-day exponential moving averages follow below the 10-day exponential moving average, a sign of a strong uptrend
Since mid-October XLV’s MACD is moving in bullish territory and above its signal line.
XLV’s Relative Strength is moving mostly up and above its 20-day exponential moving average since mid-October
The general MSI is 76.9 and going down
The MSI of XLV is the strongest among sectors. It is 55.75 and going up
Higher Time Frame
As we can see in the chart below, XLV’s weekly chart formed an ascending triangle since the beginning of 2019.
Then, in mid-October, price broke above the horizontal blue line that was in fact a resistance line.
Since then weekly price closes above its rising upper Bollinger Band.
In addition, the Fund’s MACD is in positive territory and above its signal line
Finally, the stock’s weekly Relative Strength is moving up and above its 20-day exponential moving average
We can buy XLV when price goes above 100
Suggested Stop Loss
Sell XLV when price falls below 97.5