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XLB
ETF ticker: NYSE ARCA
AS OF
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Price
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Net Assets
5.38B

XLB Materials Select Sector SPDR® ETF Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for XLB with price predictions
07:00 PM EST Dec 05, 2023

XLB in +2.15% Uptrend, growing for three consecutive days on December 01, 2023

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where XLB advanced for three days, in of 334 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on XLB as a result. In of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for XLB just turned positive on November 01, 2023. Looking at past instances where XLB's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

XLB moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for XLB crossed bullishly above the 50-day moving average on November 16, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 .

The Aroon Indicator entered an Uptrend today. In of 304 cases where XLB 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 XLB moved out of overbought territory on December 04, 2023. 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 34 similar instances where the indicator moved out of overbought territory. In of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 63 cases where XLB's Stochastic Oscillator exited the overbought zone, the price fell further within 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 XLB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Freeport-McMoran (NASDAQ:FCX), Newmont Corp (NASDAQ:NEM), Nucor Corp (NASDAQ:NUE), Dow (NASDAQ:DOW), DuPont de Nemours (NASDAQ:DD), CF Industries Holding (NASDAQ:CF), Mosaic Company (The) (NASDAQ:MOS).

Industry description

The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in the Materials Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes securities of companies from the following industries: chemicals; metals and mining; paper and forest products; containers and packaging; and construction materials. The fund is non-diversified.

Market Cap

The average market capitalization across the Materials Select Sector SPDR® ETF ETF is 35.71B. The market cap for tickers in the group ranges from 4.92B to 199.62B. LIN holds the highest valuation in this group at 199.62B. The lowest valued company is SEE at 4.92B.

High and low price notable news

The average weekly price growth across all stocks in the Materials Select Sector SPDR® ETF ETF was -1%. For the same ETF, the average monthly price growth was 3%, and the average quarterly price growth was 4%. BALL experienced the highest price growth at 5%, while ALB experienced the biggest fall at -4%.

Volume

The average weekly volume growth across all stocks in the Materials Select Sector SPDR® ETF ETF was -65%. For the same stocks of the ETF, the average monthly volume growth was -65% and the average quarterly volume growth was -60%

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: 40
Price Growth Rating: 42
SMR Rating: 53
Profit Risk Rating: 53
Seasonality Score: 24 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category NaturalResources

Profile
Fundamentals
Details
Category
Natural Resources
Address
One Lincoln Street Cph0326Boston
Phone
N/A
Web
www.spdrs.com
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XLB and

Correlation & Price change

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

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To XLB
1D Price
Change %
XLB100%
-0.18%
VAW - XLB
99%
Closely correlated
-0.12%
FMAT - XLB
99%
Closely correlated
-0.12%
IYM - XLB
98%
Closely correlated
-0.28%
PYZ - XLB
93%
Closely correlated
-0.15%
FXZ - XLB
92%
Closely correlated
+0.03%
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