Index Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
Consumer Staples Select Sector SPDR Fund (GIF:XLP)
Bull Market Weakness (+75) - XLP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XLP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid XLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for XLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XLP
The long-term trend has been DOWN since Feb 27th, 2020 at 60.316
The intermediate-term trend has been UP since May 27th, 2020 at 58.596
The short-term trend has been UP since May 18th, 2020 at 58.022
Smart Scan Analysis for XLP
Based on our trend formula, XLP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).