(XLB) Long-term investment analysis

November 30, 2024, 7:46 PM ET, BY Bill T. – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for XLB

• Buy XLB near 91.47 and target a 95.19 stop loss at 91.21 Details

The technical summary data tells us to buy XLB at 91.47 with an upside target of 95.19. This data also tells us to set a stop loss at 91.21 to protect ourselves from excessive losses in case the stock starts moving against the trade. 91.47 is the first level of support below 94.78 and basically any test of support is a buy signal. In this case the support 91.47 would be tested, so a buy signal would be present.

• Short XLB just below 95.19, target 91.47, stop loss at 95.46 Details

The summary technicals suggest a short value for XLB as it approaches the 95.19 level and the downside target is at 91.47. However, we should have a stop loss at 95.46. 95.19 is the first resistance level above 94.78, and basically any test of resistance is a short signal. In this case, if the resistance 95.19 is tested, a short signal is present.

Swing trading plans for XLB

• Buy XLB just above 95.19, target 95.56, stop loss at 94.92 Details

If 95.19 starts to break higher, the technical summary data tells us to buy XLB just above 95.19 with an upside target of 95.56. The data also tells us to set a stop loss at 94.92 in case the stock turns against the trade. 95.19 is the first resistance level above 94.78, and basically any break above resistance is a buy signal. In this case, 95.19, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short XLB is slightly near 95.19, target 93.76, stop loss at 95.46. Details

Technical summary data suggests XLB should be short if it tests 95.19, with a downside target of 93.76. However, we should have a stop loss at 95.46 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 95.19 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Day trading plans for XLB

• Buy XLB just above 95.19, target 95.56, stop loss at 94.97 Details

If 95.19 starts to break higher, the technical summary data tells us to buy XLB just above 95.19 with an upside target of 95.56. The data also tells us to set a stop loss at 94.97 in case the stock turns against the trade. 95.19 is the first resistance level above 94.78, and basically any break above resistance is a buy signal. In this case, 95.19, the initial resistance, would break upwards, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short XLB is slightly near 95.19, target 94.26, stop loss at 95.41. Details

Technical summary data suggests XLB should be short if it tests 95.19, with a downside target of 94.26. However, we should have a stop loss at 95.41 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 95.19 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for Materials Select Sector Spdr (XLB) available here: XLB.

XLB ratings for November 30th:

AI generated signals for XLB

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Technically, Materials Select Sector Spdr (NYSE: XLB) offers opportunities for traders who watch how the stock price fluctuates over time.

Warning:

This is a static report. The following data was valid at the time of publication, but support and resistance levels for XLB change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when XLB tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or sell, and support would accordingly be the downside target. In any case, the trigger point serves as both an ideal place to enter a position (avoid trading in the middle of a trading channel) and a risk control layer.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to distinguish trading plans for day trading, swing trading and long-term investment plans also for XLB. All of this is offered below the overview table.