Consumer Staples Select Etf Technical Analysis

XLP Etf  USD 76.26  0.79  1.05%   
As of the 28th of March, Consumer Staples shows the Mean Deviation of 0.449, risk adjusted performance of 0.1173, and Downside Deviation of 0.5525. In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of Consumer Staples, as well as the relationship between them. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Consumer Staples Select, which can be compared to its rivals. Please confirm Consumer Staples Select variance and potential upside to decide if Consumer Staples Select is priced correctly, providing market reflects its regular price of 76.26 per share.

Consumer Staples Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Consumer, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Consumer
  
Consumer Staples' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Consumer Staples technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of Consumer Staples technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Consumer Staples trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Consumer Staples Select Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Consumer Staples Select volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Consumer Staples Select Trend Analysis

Use this graph to draw trend lines for Consumer Staples Select. You can use it to identify possible trend reversals for Consumer Staples as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Consumer Staples price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Consumer Staples Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Consumer Staples Select applied against its price change over selected period. The best fit line has a slop of   0.08  , which may imply that Consumer Staples Select will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 223.63, which is the sum of squared deviations for the predicted Consumer Staples price change compared to its average price change.

About Consumer Staples Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Consumer Staples Select on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Consumer Staples Select based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Consumer Staples Select price pattern first instead of the macroeconomic environment surrounding Consumer Staples Select. By analyzing Consumer Staples's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Consumer Staples's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Consumer Staples specific price patterns or momentum indicators. Please read more on our technical analysis page.

Consumer Staples March 28, 2024 Technical Indicators

Most technical analysis of Consumer help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Consumer from various momentum indicators to cycle indicators. When you analyze Consumer charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Consumer Staples Select One Year Return

Based on the recorded statements, Consumer Staples Select has an One Year Return of 6.4%. This is 17.53% lower than that of the SPDR State Street Global Advisors family and significantly higher than that of the Consumer Defensive category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.

Consumer Staples March 28, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Consumer stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Consumer Staples Select is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Consumer Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Consumer Staples Select Etf. Highlighted below are key reports to facilitate an investment decision about Consumer Staples Select Etf:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Consumer Staples Select. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

Complementary Tools for Consumer Etf analysis

When running Consumer Staples' price analysis, check to measure Consumer Staples' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Consumer Staples is operating at the current time. Most of Consumer Staples' value examination focuses on studying past and present price action to predict the probability of Consumer Staples' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Consumer Staples' price. Additionally, you may evaluate how the addition of Consumer Staples to your portfolios can decrease your overall portfolio volatility.
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The market value of Consumer Staples Select is measured differently than its book value, which is the value of Consumer that is recorded on the company's balance sheet. Investors also form their own opinion of Consumer Staples' value that differs from its market value or its book value, called intrinsic value, which is Consumer Staples' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Consumer Staples' market value can be influenced by many factors that don't directly affect Consumer Staples' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Consumer Staples' value and its price as these two are different measures arrived at by different means. Investors typically determine if Consumer Staples is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Consumer Staples' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.