Score 7.9 (out of 10): FINANCIAL SELECT SECTOR SPDR sets up for 5.6% rally in 2 months

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Insight:

FINANCIAL SELECT SECTOR SPDR has triggered a new technical analysis ‘buy the dip’ signal. During similar occasions, FINANCIAL SELECT SECTOR SPDR shares had a median return of +5.6%, over the following 2 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for FINANCIAL SELECT SECTOR SPDR received a high score of 7.9 (out of 10). This insight was generated on 2021-September-20 with last price of 40.24. FINANCIAL SELECT SECTOR SPDR is in the Financial Services business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: XLF US.

Details:

NameFINANCIAL SELECT SECTOR SPDR
ViewUp
Star (1 to 10)7.9
Target+5.6%
Time2 months
Hit Rate80%

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

3.6% (August-2021), -4% (May-2021), 13.9% (March-2021), 9.1% (December-2020), 17.3% (October-2020), 0.3% (July- 2020), 8.2% (May-2020), 0% (December-2019), 7.6% (September-2019), 1.6% (July-2019).

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