Consumer Discretionary Select Etf Technical Analysis

XLY Etf  USD 183.89  0.57  0.31%   
As of the 29th of March, Consumer Discretionary shows the Risk Adjusted Performance of 0.0303, downside deviation of 0.9223, and Mean Deviation of 0.7754. In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of Consumer Discretionary, 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 Discretionary Select, which can be compared to its rivals. Please confirm Consumer Discretionary treynor ratio, as well as the relationship between the potential upside and expected short fall to decide if Consumer Discretionary is priced correctly, providing market reflects its regular price of 183.89 per share.

Consumer Discretionary 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 Discretionary's 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 Discretionary 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 Discretionary technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Consumer Discretionary 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 Discretionary Technical Analysis

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The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Discretionary volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Consumer Discretionary Trend Analysis

Use this graph to draw trend lines for Consumer Discretionary Select. You can use it to identify possible trend reversals for Consumer Discretionary 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 Discretionary price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Consumer Discretionary Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Consumer Discretionary Select applied against its price change over selected period. The best fit line has a slop of   0.19  , which may imply that Consumer Discretionary Select will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 1354.92, which is the sum of squared deviations for the predicted Consumer Discretionary price change compared to its average price change.

About Consumer Discretionary 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 Discretionary 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 Discretionary Select based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Consumer Discretionary price pattern first instead of the macroeconomic environment surrounding Consumer Discretionary. By analyzing Consumer Discretionary'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 Discretionary'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 Discretionary specific price patterns or momentum indicators. Please read more on our technical analysis page.

Consumer Discretionary March 29, 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 Discretionary One Year Return

Based on the recorded statements, Consumer Discretionary Select has an One Year Return of 31.0%. This is 299.48% higher than that of the SPDR State Street Global Advisors family and 205.12% higher than that of the Consumer Cyclical 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 Discretionary March 29, 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 Discretionary offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Consumer Discretionary's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Consumer Discretionary Select Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Consumer Discretionary Select Etf:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Consumer Discretionary 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

Complementary Tools for Consumer Etf analysis

When running Consumer Discretionary's price analysis, check to measure Consumer Discretionary's 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 Discretionary is operating at the current time. Most of Consumer Discretionary's value examination focuses on studying past and present price action to predict the probability of Consumer Discretionary's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Consumer Discretionary's price. Additionally, you may evaluate how the addition of Consumer Discretionary to your portfolios can decrease your overall portfolio volatility.
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The market value of Consumer Discretionary 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 Discretionary's value that differs from its market value or its book value, called intrinsic value, which is Consumer Discretionary's 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 Discretionary's market value can be influenced by many factors that don't directly affect Consumer Discretionary's 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 Discretionary's value and its price as these two are different measures arrived at by different means. Investors typically determine if Consumer Discretionary is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Consumer Discretionary's 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.