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May 23, 2019

U.S. new home sales fell 6.9% in April

Sales of new U.S. homes sank 6.9% in April, mostly influenced by a decline in the sale of homes worth less than $300,000. The Commerce Department said that new homes sold at a seasonally adjusted annual rate of 673,000 in April, down from 723,000 in March. However, year-to-date home sales are running 6.7% above the pace set in 2018.

Buyers have been helped by lower mortgage rates and a solid job market. But higher prices and a lack of sales listings have been an obstacle this year for sales of new and existing homes, limiting the number of people who can afford to buy.

Related Ticker: XHB

Momentum Indicator for XHB turns positive, indicating new upward trend

XHB saw its Momentum Indicator move above the 0 level on June 17, 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 91 similar instances where the indicator turned positive. In of the 91 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 Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 54 cases where XHB'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 .

The Moving Average Convergence Divergence (MACD) for XHB just turned positive on June 13, 2024. Looking at past instances where XHB's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

XHB moved above its 50-day moving average on June 17, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where XHB advanced for three days, in of 340 cases, the price rose further within the following month. The odds of a continued upward trend are .

XHB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The 10-day moving average for XHB crossed bearishly below the 50-day moving average on May 29, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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

The Aroon Indicator for XHB entered a downward trend on June 17, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

Notable companies

The most notable companies in this group are Johnson Controls International plc (NYSE:JCI), Owens Corning (NYSE:OC).

Industry description

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 homebuilding segment of a U.S. total market composite index. In seeking to track the performance of the S&P Homebuilders 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 homebuilders segment of the S&P Total Market Index ("S&P TMI").

Market Cap

The average market capitalization across the SPDR® S&P Homebuilders ETF ETF is 24.68B. The market cap for tickers in the group ranges from 11.79B to 67.38B. TT holds the highest valuation in this group at 67.38B. The lowest valued company is ALLE at 11.79B.

High and low price notable news

The average weekly price growth across all stocks in the SPDR® S&P Homebuilders ETF ETF was 7%. For the same ETF, the average monthly price growth was 11%, and the average quarterly price growth was 52%. LII experienced the highest price growth at 7%, while CSL experienced the biggest fall at -1%.

Volume

The average weekly volume growth across all stocks in the SPDR® S&P Homebuilders ETF ETF was 18%. For the same stocks of the ETF, the average monthly volume growth was -16% and the average quarterly volume growth was -63%

Fundamental Analysis Ratings

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

Valuation Rating: 63
P/E Growth Rating: 29
Price Growth Rating: 42
SMR Rating: 32
Profit Risk Rating: 15
Seasonality Score: 30 (-100 ... +100)
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XHBDaily Signal changed days agoGain/Loss if shorted
 
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General Information

Category ConsumerDiscretionary

Profile
Fundamentals
Details
Category
Consumer Cyclical
Address
SPDR Series TrustOne Lincoln Street Cph0326Boston
Phone
N/A
Web
www.spdrs.com
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