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published in Blogs
May 13, 2019

Consumer Discretionary SPDR bounces off its 50-day moving average

In the strong reversal on May 10, many stocks and ETFs reversed from losses to gains throughout the day. One ETF in particular that caught my attention was the Consumer Discretionary Select Sector SPDR (NYSE: XLY).

The XLY dipped down to its 50-day moving average during the trading day, but then rallied back sharply to close higher. Back in August the XLY bounced off of the 50-day moving average on two occasions before moving to a new all-time high in September.

The reversal allowed the daily stochastic readings to make a bullish crossover and create a possible bullish signal. The indicators weren’t in oversold territory, but they made a similar move back in March before halting a brief pullback. After dipping down to the $107.50 level on March 8, the ETF rallied almost 10% over the next month.

The Tickeron AI Trend Prediction tool generated a bullish signal for the XLY on May 9 and that signal showed a confidence level of 77%. The signal calls for a gain of at least 4% over the next month. Previous predictions on the XLY have been successful an impressive 94% of the time.

Related Ticker: XLY

Momentum Indicator for XLY turns positive, indicating new upward trend

XLY saw its Momentum Indicator move above the 0 level on February 01, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 76 similar instances where the indicator turned positive. In of the 76 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for XLY just turned positive on February 02, 2024. Looking at past instances where XLY's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

XLY moved above its 50-day moving average on February 01, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for XLY crossed bullishly above the 50-day moving average on February 08, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where XLY advanced for three days, in of 381 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 358 cases where XLY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for XLY moved out of overbought territory on March 04, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 44 similar instances where the indicator moved out of overbought territory. In of the 44 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where XLY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

XLY broke above its upper Bollinger Band on February 22, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

Notable companies

The most notable companies in this group are Amazon.com (NASDAQ:AMZN), Tesla (NASDAQ:TSLA), Home Depot (NYSE:HD), McDonald's Corp (NYSE:MCD), Nike (NYSE:NKE), Lowe's Companies (NYSE:LOW), Booking Holdings (NASDAQ:BKNG), TJX Companies (NYSE:TJX), Starbucks Corp (NASDAQ:SBUX), Chipotle Mexican Grill (NYSE:CMG).

Industry description

The investment seeks investment results that, before expenses, correspond to the price and yield performance of publicly traded equity securities of companies in the Consumer Discretionary Select Sector Index. The Advisor employs a replication strategy. The fund generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies that have been identified as Consumer Discretionary companies by the Global Industry Classification Standard (GICS®). It is non-diversified.

Market Cap

The average market capitalization across the Consumer Discret Sel Sect SPDR® ETF ETF is 116.62B. The market cap for tickers in the group ranges from 5.84B to 1.84T. AMZN holds the highest valuation in this group at 1.84T. The lowest valued company is WHR at 5.84B.

High and low price notable news

The average weekly price growth across all stocks in the Consumer Discret Sel Sect SPDR® ETF ETF was 0%. For the same ETF, the average monthly price growth was 3%, and the average quarterly price growth was 9%. NCLH experienced the highest price growth at 22%, while LVS experienced the biggest fall at -6%.

Volume

The average weekly volume growth across all stocks in the Consumer Discret Sel Sect SPDR® ETF ETF was 15%. For the same stocks of the ETF, the average monthly volume growth was -15% and the average quarterly volume growth was 16%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 57
Price Growth Rating: 37
SMR Rating: 42
Profit Risk Rating: 53
Seasonality Score: 23 (-100 ... +100)
View a ticker or compare two or three
XLYDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category ConsumerDiscretionary

Profile
Fundamentals
Details
Category
Consumer Cyclical
Address
One Lincoln Street Cph0326Boston
Phone
N/A
Web
www.spdrs.com
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XLY and

Correlation & Price change

A.I.dvisor indicates that over the last year, XLY has been closely correlated with VCR. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if XLY jumps, then VCR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To XLY
1D Price
Change %
XLY100%
-1.35%
VCR - XLY
99%
Closely correlated
-1.20%
FDIS - XLY
99%
Closely correlated
-1.20%
IYC - XLY
96%
Closely correlated
-0.68%
RTH - XLY
82%
Closely correlated
-0.34%
OND - XLY
78%
Closely correlated
+0.10%
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