EPISODE 4/11: US HEALTH CARE XLV SECTOR-TA(TREND ANALYSIS) 2019'
EPISODE 4/11: US HEALTH CARE(XLV) SECTOR Technical Analysis- 16th of July 2019.
There is really not much to say. Profits in the health care sector are very reliable on the cycle. Since Trump took office, the cycle extended, and hence it formed a channel as noted in the analysis.
One major risk that has always affected the health care sector is regulation and political pressures. In the upcoming 2020 election, if the Democrats(pro-regulation) take office, there might be major implications to the health care sector.
In any case, 50 Quarterly/200 Monthly MA(Orange line) would be the Long-term Supports, in case the current bullish channel breaks. Structural supports are marked with Purple squares.
This is just a brief "free" and very detailed analysis. Perhaps in the future I might form a premium group, to whose members I will provide all the details of my research.
>>I do not share my ideas for the likes or the views. This channel is only dedicated to well informed research and other noteworthy and interesting market stories.>>
However, if you'd like to support me and learn more in the greatest of details, every thumbs up or follow is greatly appreciated!
-Step_Ahead_ofthemarket-
Check my previous episodes on the US Sectors in the links to related ideas down below.
EPISODE 3: TECH
EPISODE 2: ENERGY
* Full Disclosure: This is just an opinion, you decide what to do with your own money. For any further references- contact me.
There is really not much to say. Profits in the health care sector are very reliable on the cycle. Since Trump took office, the cycle extended, and hence it formed a channel as noted in the analysis.
One major risk that has always affected the health care sector is regulation and political pressures. In the upcoming 2020 election, if the Democrats(pro-regulation) take office, there might be major implications to the health care sector.
In any case, 50 Quarterly/200 Monthly MA(Orange line) would be the Long-term Supports, in case the current bullish channel breaks. Structural supports are marked with Purple squares.
This is just a brief "free" and very detailed analysis. Perhaps in the future I might form a premium group, to whose members I will provide all the details of my research.
>>I do not share my ideas for the likes or the views. This channel is only dedicated to well informed research and other noteworthy and interesting market stories.>>
However, if you'd like to support me and learn more in the greatest of details, every thumbs up or follow is greatly appreciated!
-Step_Ahead_ofthemarket-
Check my previous episodes on the US Sectors in the links to related ideas down below.
EPISODE 3: TECH
EPISODE 2: ENERGY
* Full Disclosure: This is just an opinion, you decide what to do with your own money. For any further references- contact me.
Comment:
Similar situation with the quarterly RSI on the XLV, showing less strength(bullishness).
Similar situation with the quarterly RSI on the XLV, showing less strength(bullishness).
Comment:
July 16th 2019
This is in my opinion this best XLV Long-term chart based on Quarterly data. It shows how much does the trendline respect the bullish upper side of the channel.
But more importantly it points out that the momentum 14' Quarter EMA is the stronghold for the current Bullish Trend. Having 2 Quarters during which XLV closes below the light blue trend line(14 EMA) could imply a strong bearish sell-off.
This is it for XLV, updates will be given depending on how available a will be(they will be either monthly or quarterly).
-Step_ahead_ofthemarket-
This is in my opinion this best XLV Long-term chart based on Quarterly data. It shows how much does the trendline respect the bullish upper side of the channel.
But more importantly it points out that the momentum 14' Quarter EMA is the stronghold for the current Bullish Trend. Having 2 Quarters during which XLV closes below the light blue trend line(14 EMA) could imply a strong bearish sell-off.
This is it for XLV, updates will be given depending on how available a will be(they will be either monthly or quarterly).
-Step_ahead_ofthemarket-
Quarterly MACD, in order to smoothen out all the monthly variance.
It definitely doesn't look good and it might be looking for a decent correction in the near term.