Economy

S&P 500 Utilities Sector SPDR (XLU) Seeing Increased Action in Session (-0.70%)

A reading under 30 may indicate that the stock is oversold, and possibly undervalued.

The ETF is -5.55% of its 52-Week High and 14.09% of its low, and is now having ATR of 0.23. Many technical analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The RSI was originally created by J. Welles Wilder which was introduced in his 1978 book "New Concepts in Technical Trading Systems".

We can also take a look at the Average Directional Index or ADX of the stock. The opposite would be the case for a falling ADX line.

Utilities SPDR (NYSE:XLU) opened at 51.68 on Friday. Typically, if the value heads above -20, the stock may be considered to be overbought. A reading from -80 to -100 would indicate an oversold situation.

In terms of CCI levels, S&P 500 Utilities Sector SPDR (XLU) now has a 14-day Commodity Channel Index (CCI) of -69.03. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. Active investors may choose to use this technical indicator as a stock evaluation tool. Developed by Larry Williams, this indicator helps spot overbought and oversold market conditions. The fair discount to both these key moving average levels highlights the weakness in XLU. Defining long term and short term goals to help keep the focus intact may help traders secure profits. One of the more popular combinations is to use the 50-day and 200-day moving averages.

Select Sector Utilities Select Sector SPDR Fund (the Fund), formerly Utilities Select Sector SPDR Fund, seeks to provide investment results that correspond to the price and yield performance of the Utilities Select Sector of the S&P 500 Index (the Index).

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI value will always move between 0 and 100.



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