MACRO VIEW: XLU STRUGGLING TO GET BACK INTO MACRO UPTRENDS
XLU - the SPDR utilities sector ETF is struggling to get back into macro uptrends, while showing no bias on short term.
On long term perspective the price is trading around upper 1st standard deviation from 5-year mean, which is a 5-year uptrend border. The price is also technically in 10-year uptrend, trading above the upper 1st standard deviation from 10-year mean.
Thus one can only say that XLU has restored its long term upward bias if it trades firmly back above 44.
On short term basis price is trading within 1st standard deviation from both 1-year and quarterly mean, showing no directional bias at the moment.
On long term perspective the price is trading around upper 1st standard deviation from 5-year mean, which is a 5-year uptrend border. The price is also technically in 10-year uptrend, trading above the upper 1st standard deviation from 10-year mean.
Thus one can only say that XLU has restored its long term upward bias if it trades firmly back above 44.
On short term basis price is trading within 1st standard deviation from both 1-year and quarterly mean, showing no directional bias at the moment.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.