Economy

S&P 500 Telecom Sector SPDR (XTL) Limping -1.41% For the Week

S&P 500 Telecom Sector SPDR (XTL) Limping -1.41% For the Week

In taking a look at recent performance, we can see that shares have moved -2.95% over the past 4-weeks, -2.83% over the past half year and -1.03% over the past full year. In general, if the level goes above -20, the stock may be considered to be overbought. The Williams %R shows how the current closing price compares to previous highs/lows over a specified period.

We can also take a look at the Average Directional Index or ADX of S&P Smallcap Value ETF SPDR (SLYV). This range falls on a scale between 0 and 100. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.45%. Presently, S&P 500 Telecom Sector SPDR (XTL) has a 14-day Commodity Channel Index (CCI) of -160.19. Many traders will use the ADX in combination with other indicators in order to help formulate trading strategies. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. If the RSI is closer to 100, this may indicate a period of stronger momentum. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

More news: Celgene (NASDAQ:CELG) Given a $152.00 Price Target by Guggenheim Analysts

S&P Smallcap Value ETF SPDR (SLYV) shares are showing negative signals short-term as the stock has finished lower by -0.62% for the week. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. Moving averages can be very helpful for identifying peaks and troughs.

XLU's 200-day moving average level of ~$53.60 is expected to act as a resistance for XLU going forward. A reading between -80 to -100 may be typically viewed as strong oversold territory. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. The 14-day ADX for SPDR S&P 500 High Dividend Portfolio ETF (SPYD) is standing at 14.63. The ADX is used to measure trend strength. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.


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