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Downtrend Broken Resist.Archive
- 6/26/2026 -
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SPDR Oil & Gas Equipment & Services (XES) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the SPDR Oil & Gas Equipment & Services (XES). During the week, the XES gave back -0.44 points, or -0.39%, and closed at 113.08 on Friday, June 26, 2026. Weekly volume was 10% 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 (26.62) 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 135.35 on May 20, 2026. XES gained -84.16 points, or -164.41%, in 58 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (97.54) 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 technical indicators are neutral.
The weekly MACD line is below its signal line since May 29, 2026. The distance between MACD and the signal line is relatively high and getting bigger. 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 June 24, 2026 at 108.74 and reached 113.39 on June 25, 2026. XES gained -4.65 points, or -4.28%, in 1 days. The price is now at the 6.67% retracement level.
 Daily Technical Indicators: [See XES daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since May 21, 2026.
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