| XLY latest price $32.2800 (0.06%) ($32.1200 - $32.3400) on Mon. Jul. 31, 2006. |
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| Trend Analysis and Forecast |
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Trend Pattern | N/A |
Trend Narrative | Rebound |
Average Daily Price Swing | $0.63 (1.96% one month average) |
Average Daily Percentage Swing | 0.96% (three month average) |
Weekly Trend Force | 0.1% (StdDev 0.96%) |
Daily Moving Force | % |
Correction Force | Weak (0%) |
Trend | -0% |
Trend Strength | -0.9% |
RSI | 42 |
Momentum | 2 |
Latest Price | $32.2800(0.06%) |
Forecasted Low Price | 32.22(-0.2%) |
Forecasted High Price | 32.38(0.3%) |
Direction of Next Movement | Range(0.1%) |
% Change Needed to Confirm Correction | -100% (0) |
% Change Needed for Trend Reversal | 1.6% |
Hourly Trend | 0% [$0(0), $0(0)] |
Stocks Behave Similarly | Similar Stock List |
Complacency | 0 |
Intraday Reversal Probability | N/A. |
Daily Trend | XLY advances 0.2% a day on average for past five trading days. |
Weekly Trend | XLY advances 0.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support XLY advance at 0% a week (90% probability) SPY(91%) IWM(87%) QQQ(87%) PEJ(85%) XLK(85%) |
Factors Impacting XLY price | XLY will advance at least -0% in a week (31% probabilities). TLT(-40%) SHY(-28%) TIP(-18%) GLD(-2%) REMX(-0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
Trading Plan | Buy the rebound |
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Valuation to SPY | -1.3 |
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Relative Volatility | 0.6 (options are expensive) |
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Market Trend Strength | 0.1% (StdDev 0.96%) |
Hourly BBV | 0 () |
Intraday Trend | 0.5% |
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