XLF closes higher for the 2nd day in a row


Financial Select Sector SPDR Fund (XLF) Technical Analysis Report for Jul 13, 2020 | by Techniquant Editorial Team

Highlights

XLF closes higher for the 2nd day in a row

Overview

Moving higher for the 2nd day in a row, XLF ended Monday at 23.56 edging higher $0.10 (0.43%) on high volume.

Daily Candlestick Chart (XLF as at Jul 13, 2020):

Daily technical analysis candlestick chart for Financial Select Sector SPDR Fund (XLF) as at Jul 13, 2020

Monday's trading range has been $0.49 (2.06%), that's slightly below the last trading month's daily average range of $0.62. Weekly volatility is also lower, being slightly below the market's average weekly trading range. The longer-term, monthly volatility is currently lower than usual for XLF.

Prices are trading close to the key technical resistance level at 23.64 (R1).

While still in a long-term downtrend, the short and medium-term trends both turned bullish already.


Market Conditions for XLF as at Jul 13, 2020

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