US Economy Grows At Its Fastest Since 2014
The U.S. economy grew at 4.1% (annualized rate) in Q2 2018 - the fastest pace in four years.
Contributing to the record growth was nonresidential business investment (with 7.3 % growth) and consumer spending (with 4% increase).
The U.S. Commerce Department also revised upwards the previous quarter’s growth figures – Q1 2018’s was 2.2% (up from from previous estimate of 2%). Nomianal GDP as of Q1 topped $20 trillion, per latest estimates by the Department.
On a year-over-year basis, Q2 GDP climbed 2.8%, slightly below U.S. President Donald Trump’s target of 3%.
XLY in downward trend: 10-day moving average broke below 50-day moving average on April 12, 2024
The 10-day moving average for XLY crossed bearishly below the 50-day moving average on April 12, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 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 .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on April 03, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on XLY as a result. In of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for XLY turned negative on April 02, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
XLY moved below its 50-day moving average on April 12, 2024 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 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 .
The Aroon Indicator for XLY entered a downward trend on April 22, 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.
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where XLY advanced for three days, in of 380 cases, the price rose further within the following month. The odds of a continued upward trend are .
XLY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
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General Information
Category ConsumerDiscretionary