XLB Materials Select Sector SPDR® ETF Forecast, Technical & Fundamental Analysis
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 .
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)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category NaturalResources
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| FRNW | 15.71 | 0.06 | +0.37% |
| Fidelity® Clean Energy ETF | |||
| PP | 23.73 | -0.02 | -0.10% |
| Meet Kevin Pricing Power ETF (The) | |||
| RMI | 15.15 | -0.02 | -0.13% |
| RiverNorth Opportunistic Municipal Income Fund | |||
| FTHI | 21.07 | -0.07 | -0.33% |
| First Trust BuyWrite Income ETF | |||
| KBWB | 44.49 | -0.17 | -0.38% |
| Invesco KBW Bank ETF | |||
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.