NYSEARCA:XLI - NYSE Arca - US81369Y7040 - ETF - Currency: USD
We assign a technical rating of 1 out of 10 to XLI. XLI 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, XLI 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 128.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 120.47, a Stop Loss order could be placed below this zone.
115.26
We found 1 important support area.
3 important resistance areas can be observed.
126.19
+1.56 (+1.25%)