📊AI Chart Analysis: XLC
Technical chart analysis powered by AI vision
📋Executive Summary
Long-term trend remains bullish (price above SMA150/200 and SMA200 trending up) but short-term weakness has developed as price trades below the 8/21 EMA and 50 SMA. Recent high-volume pullback looks like a corrective leg inside an ongoing markup phase — likely to find support into the $113–$116 area before resuming the uptrend toward fresh highs.
$123.50
2-4 weeks
Pattern Analysis
If price holds above the $113–$116 support band and reclaims the EMA8/21 and SMA50, continuation toward prior highs and the measured move (~$123–$125) is favored. Failure below $113–$115 would risk deeper corrective structure.
💡 After a breakout to new highs, sellers/liquidity hunters push price down to wash weak hands; smart money absorbs supply at demand levels before continuation. Short-term consolidation could build a flag/pennant before another leg up.
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⚠️ Disclaimer: This AI-generated analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.