NYSEARCA:XLF - NYSE Arca - US81369Y6059 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to XLF. Although XLF 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 only medium, XLF 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 48.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 44.71, a Stop Loss order could be placed below this zone.
43.47
When analyzing the support we notice one important area.
When analyzing the resistance we notice 3 important areas.
47.72
+0.56 (+1.19%)