XLB eyes on $85: Proven Support zone to End Bounce or to Break?XLB has recovered the tariff tantrum dumps.
But struggling against a proven resistance zone.
Dip is likely, Break-n-Retest means Strong bull.
$84.61-85.24 (red) is the exact zone of concern.
$79.66-80.27 (green) is first strong support below.
$71.71-72.23 (Gold) a double golden major support.
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Key stats
About Materials Select Sector SPDR
Home page
Inception date
Dec 16, 1998
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
SSgA Funds Management, Inc.
Distributor
ALPS Distributors, Inc.
XLB invests in basic materials companies from the S&P 500, these would include companies in the chemicals, metals and mining, paper and forest products, containers and packaging, and construction materials industry. Its limited selection universe means it is heavily concentrated, and individual holdings must be taken into consideration before investing in this fund. Not surprisingly, XLB favors large-caps. Components of the index are all picked by the index committee, and weighed by free-float market capitalization, subject to a cap to ensure diversification requirements. Index rebalancing occurs quarterly.
Classification
What's in the fund
Exposure type
Process Industries
Non-Energy Minerals
Stock breakdown by region
Top 10 holdings
SPY SECTOR ROTATIONBased on what we can observe in this 4-hour chart, there is a clear rotation or reduction in gains in sectors that have generated significant profits over the past few months. This suggests that profits may be taking a breather, and capital could be shifting to other sectors or assets, possibly in a
Materials ETF Has Been RangeboundThe SPDR Select Sector Materials ETF has been moving sideways for months, but some traders may see potential for a breakout.
The first pattern on today’s weekly chart is the price zone around $88. XLB bounced there several times, leaving a rounded basing pattern (a low, a lower low and a higher low
XLB WEEKLY CHARTThe materials sector has actually performed extremely well. 9 straight green weekly candles and the highest weekly close in the history of the ETF. I really like this sector and some of the stocks in the top ten haven't even broke out yet. I guess my question is, was last week a strong enough break
Potential Breakout in Materials Material stocks have been stuck in a tight range since the bear market began almost two years ago. But they could be showing signs of a potential breakout.
The first pattern on today’s chart of the AMEX:XLB Materials Select Sector SPDR ETF is Friday’s last print of $86.83. It was the highest week
XLB - Monthly SupportInvestors waiting for a more probable long term support zone could wait until price action retraces to the top of the channel .
This channel has kept price action in check since the early 2000/s
We only broke out of the channel when we expanded the monetary supply and lower rates to zero.
XLB tagging Intermediate SupportMaterials Sector is getting oversold on the daily chart and tagging a key daily upsloping trend line.
A technical bounce is favoured at this level, however there is a weekly support level lower that is much stronger if this were to sell off more.
This bounce may only last a few days unless the i
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
XLB trades at 86.41 USD today, its price has fallen −0.56% in the past 24 hours. Track more dynamics on XLB price chart.
XLB net asset value is 87.18 today — it's risen 5.50% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
XLB assets under management is 4.73 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
XLB price has risen by 4.81% over the last month, and its yearly performance shows a −5.44% decrease. See more dynamics on XLB price chart.
NAV returns, another gauge of an ETF dynamics, showed a −1.15% decrease in three-month performance and has decreased by −2.74% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −1.15% decrease in three-month performance and has decreased by −2.74% in a year.
XLB fund flows account for −463.79 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
XLB invests in stocks. See more details in our Analysis section.
XLB expense ratio is 0.09%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, XLB isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, XLB technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating XLB shows the neutral signal. See more of XLB technicals for a more comprehensive analysis.
Today, XLB technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating XLB shows the neutral signal. See more of XLB technicals for a more comprehensive analysis.
Yes, XLB pays dividends to its holders with the dividend yield of 1.97%.
XLB trades at a premium (0.02%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
XLB shares are issued by State Street Corp.
XLB follows the S&P Materials Select Sector. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Dec 16, 1998.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.