The Greedy Trader Weekly Analysis
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- 4/10/2026 -
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SPDR Oil & Gas Equipment & Services (XES) Technical Analysis

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Summary:
Weekly :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance lineBroken trend resistance line
Daily :Price is near the Fibonacci 38.2% retracement level
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It was a first positive week for the SPDR Oil & Gas Equipment & Services (XES). During the week, the XES gained 2.50 points, or 2.17%, and closed at 117.81 on Friday, April 10, 2026. Weekly volume was 33% above average.

Long-term trend: [See XES long-term trend chart]
A long-term downtrend had started on September 12, 2023 at 100.81 and reached 51.19 on April 9, 2025. XES lost 49.62 points, or 49.22%, in 82 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (30.91) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See XES medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 51.19 and reached 121.50 on March 30, 2026. XES gained -70.31 points, or -137.35%, in 50 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (90.07) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See XES weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 6, 2025. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See XES short-term trend chart]
A short-term uptrend had started on April 1, 2026 at 113.07 and reached 120.47 on April 9, 2026. XES gained -7.40 points, or -6.54%, in 8 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See XES daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since March 30, 2026. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.25
Williams' Percentage Range (W%R) 28.00
Lane's Stochastic (%D-Slow) 53.48
Greed/Fear Indicator (GFI) 62.59
Moving Average Converg./Diverg. (MACD) 2.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.83
Overbought
Williams' Percentage Range (W%R) 7.70
Strong Overbought
Lane's Stochastic (%D-Slow) 86.37
Overbought
Greed/Fear Indicator (GFI) 81.24
Overbought
Moving Average Converg./Diverg. (MACD) 9.27
Trading Signals
Description Value Chart
Monthly Trendline Resistance 123.91
Upper Bollinger Band 120.70
Parabolic System 120.28
Weekly Stochastic Crossing 119.24
Price 117.81
Daily Stochastic Crossing 117.45
Monthly Trendline Support 116.64
20 Day Moving Average 115.76
50 Day Moving Average 111.27
Lower Bollinger Band 110.24
Quarterly Trendline Resistance 99.23
Yearly Trendline Resistance 96.15
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 113.07
Low Date 04/01/2026
High 120.47
High Date 04/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 113.07
Low Date 04/01/2026
High 120.47
High Date 04/09/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 123.91
Support 116.64
Low 78.98
Low Date 12/16/2025
High 121.50
High Date 03/30/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 99.23
Support 90.07
Low 51.19
Low Date 04/09/2025
High 121.50
High Date 03/30/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 96.15
Support 30.91
High 100.81
High Date 09/12/2023
Low 51.19
Low Date 04/09/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.