NYSEARCA:XLC - NYSE Arca - US81369Y8527 - ETF - Currency: USD
Taking everything into account, XLC scores 2 out of 10 in our technical rating. Although XLC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, XLC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 94.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 88.20, a Stop Loss order could be placed below this zone.
82.93
We found 2 important support areas.
2 important resistance areas can be observed.
91.93
+1.45 (+1.6%)