Retail sales rise +0.7% in August, exceeding expectations
U.S. retail sales climbed higher in August, according to data from the Commerce Department. That indicates that consumer spending is showing strength despite the Delta-variant spread and supply chain issues.
Retail sales rose +0.7% from the prior month to $618.7 billion in August, thereby beating the Street consensus forecast of a -0.8% decline. In July, retail sales fell -1.1% vs. a prior estimate of a -0.5% decline.
Stripping out auto and gasoline sales, August retail sales grew +1.8%, compared to a Street consensus of +0.1%
XRT's Indicator enters downward trend
The Aroon Indicator for XRT entered a downward trend on May 26, 2022. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 137 similar instances where the Aroon Indicator formed such a pattern. In 121 of the 137 cases the stock moved lower. This puts the odds of a downward move at 88%.
Current price $66.26 crossed the support line at $65.23 and is trading between $69.25 support and $65.23 support lines. Throughout the month of 04/26/22 - 05/26/22, the price experienced a -8% Downtrend, while the week of 05/19/22 - 05/26/22 shows a +6% Uptrend.
XRT moved below its 50-day Moving Average on April 21, 2022 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where XRT declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 83%.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where XRT's RSI Indicator exited the oversold zone, 26 of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 90%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 52 of 57 cases where XRT's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 90%.
The Momentum Indicator moved above the 0 level on May 26, 2022. You may want to consider a long position or call options on XRT as a result. In 75 of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 79%.
The Moving Average Convergence Divergence (MACD) for XRT just turned positive on May 26, 2022. Looking at past instances where XRT's MACD turned positive, the stock continued to rise in 47 of 54 cases over the following month. The odds of a continued upward trend are 87%.
Following a +11.98% 3-day Advance, the price is estimated to grow further. Considering data from situations where XRT advanced for three days, in 302 of 337 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
XRT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 1.00% within the next month with a likelihood of 68%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.41.
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the retail segment of a U.S. total market composite index. In seeking to track the performance of the S&P Retail Select Industry Index (the "index"), the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the retail segment of the S&P Total Market Index ("S&P TMI").
The average market capitalization across the SPDR® S&P Retail ETF ETF is 21.3B. The market cap for tickers in the group ranges from 133.9M to 1.1T. AMZN holds the highest valuation in this group at 1.1T. The lowest valued company is PRTY at 133.9M.
The average weekly price growth across all stocks in the SPDR® S&P Retail ETF ETF was 0.81%. For the same ETF, the average monthly price growth was -14.7%, and the average quarterly price growth was -34.15%. CRMT experienced the highest price growth at 35.71%, while ANF experienced the biggest fall at -25.58%.
The average weekly volume growth across all stocks in the SPDR® S&P Retail ETF ETF was -13.32%. For the same stocks of the ETF, the average monthly volume growth was 71.63% and the average quarterly volume growth was 141.31%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the 15 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 1.00% within the next month with a likelihood of 70%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.19.
23 stocks in the group of tickers confirmed the negative outlook based on the Declines indicator with average odds of 81%.
|ETFs / NAME||PRICE $||CHG $||CHG %|
iShares US Home Construction ETF
SPDR® S&P Retail ETF
VanEck Retail ETF
JHancock Multifactor Cnsmr Discret ETF
First Trust Cnsmr Discret AlphaDEX® ETF