EMA Signal Update for SPDR FactSet Innovative Technology ETF ($:XITK): 50 Day Crawls to 104.1631745

Some investors may be struggling after adding the wrong stocks to the portfolio. Creating a specific plan for investing may help turn the ship around. The stock market is still producing plenty of green arrows, and investors need to be able to capitalize. It is quite reasonable to be optimistic about the investment environment heading into the second half of the year. The next couple of weeks may be the perfect time for investors to put the pedal down and try to develop a strategy that will beat the market over the next quarter. Most investors realize that there are no certainties when it comes to equity investing. It is never a guarantee that a stock or an index will go up or down from one day to the next. Investors who prepare themselves for any scenario should be in a much better place than those who don’t.

The SMA or Simple Moving Average can be calculated for different time periods. The SMA helps smooth out volatility and makes it a bit less difficult to gauge the price trend of a stock. Let’s view some popular SMA levels for SPDR FactSet Innovative Technology ETF (:XITK) below:

Simple Moving Average 20 day: 104.103315
Simple Moving Average 100 day: 105.439841
Simple Moving Average 10 day103.04819
Simple Moving Average 50 day: 104.114888
Simple Moving Average 30 day: 104.4997433
Simple Moving Average 200 day: 105.0315825

Traders may use a variety of moving average indicators when examining a particular stock. Checking on some Exponential Moving Averages on shares of SPDR FactSet Innovative Technology ETF (:XITK), we note that the 200 day is 104.3193745, the 100 day is 104.6426148, and the 50 day is 104.1631745. Zooming in closer, we note that the 30 day EMA is 103.8235435, the 20 day is 103.515588, and the 10 day is noted at 102.776682.

Traders might be keeping tabs on the Hull Moving Average. The current HMA reading is 100.7034452. Traders may use the HMA to help identify the prevalent market trend. This may also lend to spotting useful exit and entry points on the stock.

Conducting technical analysis of the stock may include following the Keltner Channel indicator. A recent check shows the 20 day lower band at 102.5359943 and the 20 day upper band at 104.4951816. During a clearly defined trend, a break above or below these levels may point to the underlying strength of the trend. A break above the upper band may signal continuing bullish trend strength, and a break below the lower band may signal continuing bearish trend strength.

Investors tracking shares of SPDR FactSet Innovative Technology ETF (:XITK) will note that since the stock opened at 101.1954, shares have seen a change of 1.3777. During that period, the stock has touched a low of 101.1954 and tipped a high of 102.65. Volume on the day is presently 4656. 

The 20 day Chaikin Money Flow indicator is currently -0.06725637. This indicator was developed by Marc Chaikin who observed that the pressures of buying and selling could be figured out by where a period finishes relative to the range of highs and lows.

Investors will typically be keeping track of historical highs and lows for a particular stock that they are researching. Watching levels for SPDR FactSet Innovative Technology ETF (:XITK, we can see that the all time high is currently 113, and the all time low is 43.59. Let’s look at some alternate high/low price data:

Six month low: 96.4001
Six month high: 113
One year low: 76.05
One year high: 113
Three month low: 100.0152
Three month high: 113
One month low: 100.4221
One month high: 107.25

Some investors may be struggling after adding the wrong stocks to the portfolio. Creating a specific plan for investing may help turn the ship around. The stock market is still producing plenty of green arrows, and investors need to be able to capitalize. It is quite reasonable to be optimistic about the investment environment heading into the second half of the year. The next couple of weeks may be the perfect time for investors to put the pedal down and try to develop a strategy that will beat the market over the next quarter. Most investors realize that there are no certainties when it comes to equity investing. It is never a guarantee that a stock or an index will go up or down from one day to the next. Investors who prepare themselves for any scenario should be in a much better place than those who don’t.

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