TSX:XLB - Toronto Stock Exchange - CA46430M1041 - ETF - Currency: CAD
Taking everything into account, XLB scores 1 out of 10 in our technical rating. XLB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, XLB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 18.76, a Stop Loss order could be placed below this zone.
18.55
When analyzing the support we notice one important area.
We can see 2 important resistance areas.
TSX:XLB (4/25/2025, 7:00:00 PM)
18.94
-0.08 (-0.42%)