A quick look at Friday: with a daily low of $102.39, Industrial Select Sector SPDR Fund closed Friday at $103.67, after ending Thursday at $102.56 and gaining $1.11 (1.08%).
Trend analysis indicates that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Price action overcame a known Fibonacci resistance level at $103.39 by around 28 cents with prices hammering out a $102.39 – $103.84 session range. Asset volatility analysis shows that Industrial Select Sector SPDR Fund's upper Bollinger Band® is at $104.23, this is a slight indication of a slowdown. Visual analysis of Industrial Select Sector SPDR Fund's chart shows that Industrial Select Sector SPDR Fund could be slowing down soon; it is getting close to the resistance line and is now at $104.21, only 54 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.
Overall, while Industrial Select Sector SPDR Fund has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Other markets are also showing gains as Meta Platforms went up by 6.14% Friday, and closed at $185.25. Stryker went up by 3.6% Friday, and closed at $271.53. Apple soars 3.51% Friday and closed at $145.91.
The fund has been trending positively for about a month. After hitting an important low of $82.84 approximately 5 months ago, Industrial Select Sector SPDR Fund has bounced back 23.8% since.