Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
NYSE Arca
Taking everything into account, XLP scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, XLP is showing a nice and steady performance.
XLP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 82.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 80.86, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for XLP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
75.34
When analyzing the support we can see 2 important areas.
- A support zone ranging from 78.62 to 80.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 76.10 to 77.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 82.49 to 84.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 84.27 | 78.61 | 5.66 (6.72%) | 14.89% |
| An entry @84.27. This is a Buy Stop order right above the resistance zone. | An exit @78.61. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.66 points, which is 6.72%. | When investing 14.89% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.