XLP Stock Summary and Trading Ideas (Consumer Staples Select Sector SPDR | ARCA:XLP)

The Consumer Staples Select Sector SPDR Fund before expenses seeks to closely match the returns and characteristics of the Consumer Staples Select Sector Index (ticker: IXR).

Consumer Staples Select Sector SPDR trades on the ARCA stock market under the symbol XLP.

As of April 24, 2024, XLP stock price climbed to $75.93 with 14,690,213 million shares trading.

XLP has a beta of 0.41, meaning it tends to be less sensitive to market movements. XLP has a correlation of 0.23 to the broad based SPY ETF.

XLP has a market cap of $14.10 billion. This is considered a Large Cap stock.

In the last 3 years, XLP stock traded as high as $81.34 and as low as $65.18.

XLP stock has underperformed the market in the last year with a return of +1.9%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in XLP shares. However, XLP has outperformed the market in the last 3 month and 2 week periods, returning +5.5% and +1.8%, while SPY returned +4.6% and -2.7%, respectively. This indicates XLP has been having a stronger performance recently.

XLP support price is $74.83 and resistance is $75.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that XLP stock will trade within this expected range on the day.