Technical Analysis for XLG - Guggenheim Russell Top 50 Mega Cap ETF

Grade Last Price % Change Price Change
A 46.84 0.73% 0.34
XLG closed up 0.73 percent on Wednesday, July 3, 2024, on 65 percent of normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
MACD Bullish Signal Line Cross Bullish 0.00%
New 52 Week Closing High Bullish 0.00%
New 52 Week High Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
New 52 Week Closing High Bullish 0.73%
New 52 Week High Strength 0.73%
Overbought Stochastic Strength 0.73%
Gapped Down Weakness 0.73%
New 52 Week Closing High Bullish 1.54%

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Profile

The investment seeks to replicate as closely as possible, before fees and expenses, the daily performance of the Russell Top 50® Mega Cap Index Total Return. The fund invests at least 90% of its net assets, plus any borrowings for investment purposes, in the equity securities included in the underlying index. The underlying index is an unmanaged equal-weighted version comprised of the 50 largest companies in the Russell 3000® Index, which is an unmanaged capitalization-weighted index that offers investors access to the broad U.S. equity universe representing approximately 98% of the U.S. equity market. It is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Index Fund Stock Market Index Russell 3000 Index

Top 10 Components

Symbol Grade Price % Change Allocation
MSFT A 0.32 12.22
NVDA B 4.57 11.30
AAPL A 0.58 10.98
AMZN A -1.21 6.22
META B 0.09 4.08
GOOGL A 0.31 3.94
GOOG A 0.42 3.31
BRK.A D 0.12 2.71
LLY B -0.95 2.63
AVGO B 4.33 2.51

Is XLG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 46.855
52 Week Low 32.5247
Average Volume 1,538,918
200-Day Moving Average 39.29
50-Day Moving Average 43.56
20-Day Moving Average 45.49
10-Day Moving Average 45.97
Average True Range 0.48
RSI (14) 75.31
ADX 41.61
+DI 37.37
-DI 10.29
Chandelier Exit (Long, 3 ATRs) 45.43
Chandelier Exit (Short, 3 ATRs) 44.43
Upper Bollinger Bands 46.97
Lower Bollinger Band 44.02
Percent B (%b) 0.96
BandWidth 6.48
MACD Line 0.81
MACD Signal Line 0.79
MACD Histogram 0.0122
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 47.51
Resistance 3 (R3) 47.44 47.15 47.40
Resistance 2 (R2) 47.15 46.98 47.18 47.36
Resistance 1 (R1) 46.99 46.87 47.07 47.06 47.32
Pivot Point 46.70 46.70 46.74 46.74 46.70
Support 1 (S1) 46.55 46.53 46.63 46.62 46.36
Support 2 (S2) 46.26 46.43 46.29 46.32
Support 3 (S3) 46.10 46.26 46.28
Support 4 (S4) 46.17