XLU rises to highest close since March 6th
Utilities Select Sector SPDR Fund (XLU) Technical Analysis Report for Oct 23, 2020 | by Techniquant Editorial Team
Moving higher for the 2nd day in a row, XLU finished the week 1.17% higher at 64.75 after gaining $0.18 (0.28%) today on low volume. Today's close at 64.75 marks the highest recorded closing price since March 6th. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (XLU as at Oct 23, 2020):
Friday's trading range has been $0.61 (0.94%), that's far below the last trading month's daily average range of $0.93. Weekly volatility is also lower, being below the market's average weekly trading range. The longer-term, monthly volatility is currently slightly higher than usual for XLU.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.