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     Fri. May. 12, 2017





XLF: Technical Analysis: Trading Decision

Use the following technical analysis and market news to make your trading decision.


Price Range     Action
$23.75 - $23.06Strong Buy
$23.06 - $23.03Buy
$23.03 - $23.48Hold, or Take Profit
$23.48 - $23.92Hold, or Take Profit
$23.92 - $23.77Sell (Short)
$23.77 - $23.75Strong Sell (Short)

XLF Fri. May. 12, 2017 close price $23.5600 (-0.42%).

Short term trading range: $22.98 (OTP -84.6%, trend 0.13% daily) - $23.97 (OTP 71.6%, trend -0.04% daily)


$. Always read market news to understand the causes of the price movement before making a trading decision. News
$. Trading decision should start with knowing the current market-agreed price range (support and resistence levels). They're the realization of different views of fundamental analysis. It's safe to say all fundamental analyses are both wrong and right for traders because they're right for this price point and wrong for that price point. The traders care more about which analysis is right first and which is right later.
$. At $23.5600, XLF has broken short term support level at $23.75, and it has a short term resistance at $23.75.
$. XLF is in a short term (one week) downtrend pattern. When a downtrend is technically established, more traders will join the thrend and more analysts will stepout to prove they're right about the market, which in turn will accelerate the trend. It may result panic sales sometimes. XLF is also in a middle term (2-4 weeks) uptrend pattern.
XLF price fluctuates within 0% daily (68% of days). 10 day price EMA moves at -0.08% a week (StdDev 1.62%), and 20 day price EMA moves at 0.44% a week.
$. The trading volume has decreased -28% from the previous day. On an overbought day this often confirms trend reversal.

iDateOpenCloseLowHighVolume
millions
Vol ChangeOver TradedBSHRSIDaily
Return
Weekly
Return
Weekly
EMA10
Weekly
EMA20
EMA 10EMA 20
12017051223.550023.560023.430023.570054.76-28%-75%N64(82%)-0.42%-1.17%-0.08%0.44%23.745223.6184
22017051123.720023.660023.470023.760076.1850%60%N64(82%)-0.63%-0.92%0.2%0.37%23.746623.5894
32017051023.690023.810023.650023.810050.9-22%67%S67(88%)0.34%-0.13%0.44%0.38%23.757523.5678
42017050923.880023.730023.650023.960065.1643%65%N70(92%)-0.38%0.34%0.8%0.34%23.761623.5462
52017050823.870023.820023.780023.910045.65-1%69%S70(92%)-0.08%0.59%1.09%0.28%23.776723.5319
 
62017050523.950023.840023.760023.960046.33-28%70%S65(84%)-0.17%1.32%1.2%0.21%23.763123.5151
72017050423.990023.880023.780024.070064.05-13%72%S62(77%)0.17%0.51%1.18%0.08%23.700223.5015
82017050323.570023.840023.550023.840073.95-1%71%S66(86%)0.8%-0.13%1.23%0.02%23.652823.4789
92017050223.680023.650023.520023.710074.8313%65%S68(89%)-0.13%-1%1.13%0.01%23.573823.4663
102017050123.650023.680023.550023.800066.096%66%S63(80%)0.64%0%1.12%0.11%23.520523.4656
 
112017042823.770023.530023.530023.790062.41-8%60%S66(86%)-0.97%1.6%1.06%0.15%23.482423.4654
122017042723.920023.760023.620023.920068.0713%68%S69(91%)-0.46%1.54%0.62%0.13%23.424323.4826
132017042623.860023.870023.820024.090060.42-11%72%S68(89%)-0.08%3.74%0.36%0.06%23.366023.4733
142017042523.890023.890023.860024.010067.8-30%73%S63(80%)0.89%3.51%-0.15%-0.1%23.311323.4645
152017042423.690023.680023.590023.810097.2914%67%S65(84%)2.25%1.63%-0.63%-0.45%23.259623.4402
 
162017042123.340023.160023.150023.430085.541%-81%N61(75%)-1.03%1.14%-0.91%-0.72%23.235923.4314
172017042023.180023.400023.090023.450084.6653%-74%S63(80%)1.69%0.86%-1.17%-1.01%23.279223.4529
182017041923.230023.010022.980023.320055.38-26%-86%N60(72%)-0.3%-1.62%-1.34%-1.3%23.283023.4590
192017041823.140023.080022.940023.250074.37-13%-85%N57(63%)-0.94%-1.62%-1.23%-1.45%23.347023.4891
202017041722.960023.300022.890023.310085.55-28%-80%N59(70%)1.75%-0.94%-0.99%-1.48%23.407223.5461
 

 
 

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