XLP, the consumer staples ETF: capital still running
XLP dips 0.1% after last week's rally, yet the ADX keeps climbing
Our view last week
XLP, the consumer staples ETF, breaks out of its stall after days stuck below its all-time high: the price closed up 1.1%, with 91% of weekly volume coming in on the buy side, the strongest reading in a month. The ADX is rising, the MACD stays above its Signal line, and money flow (CMF) keeps climbing, while on the daily chart the stock rebounded 2% off its 20-day moving average. Compared with last week's flat, indecisive session, the picture is gaining momentum.
This week's summary
XLP, the US consumer staples ETF, weekly technical analysis: the fund catches its breath after last week's rally, with the price slipping 0.1% - the first down week after three straight weeks of gains - while volume comes back into balance and the latest candle closes indecisive with a narrow body. Underneath, the trend holds: the ADX rises for a seventh straight week and the MACD stays above its Signal line. Open for 13 weeks, the trade is up 1.4%.
IQS Phase
89
in tension / maturity
Signal Strength
27
low · fading
Sizing
MINIMUM
Ranking
#150 / 167
US stocks in progress
Trade P&L %
+1.40%
from signal to date, no stop loss
Rank position
ranks 150th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 27 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLP
Sector regimein strong phase
Performanceweekly -0.12% · monthly +1.91%
XLP belongs to the etf settoriale sector (reference ETF XLP). The sector is classified in strong phase according to our weekly reading.
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