The Greedy Trader Weekly Analysis
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Select Sector SPDR ETFs Technical Analysis - XES

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- 9/19/2025 -
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SPDR Oil & Gas Equipment & Services (XES) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Williams' Percentage Range is overboughtMACD bearish divergenceDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARTrend support at 70.34The Bollinger Bands are historically close together
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It was the negative week for the SPDR Oil & Gas Equipment & Services (XES). During the week, the XES gave back -0.21 points, or -0.30%, and closed at 70.29 on Friday, September 19, 2025. Weekly volume was 43% 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 Right-Angled, Descending Wedge chart pattern. The trend support level is at 42.14 and resistance is at 97.16. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.

Medium-term trend: [See XES medium-term trend chart]
A medium-term downtrend had started on July 31, 2024 at 99.21 and reached 51.19 on April 9, 2025. XES lost 48.02 points, or 48.40%, in 36 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (38.72) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. XES may retest the broken resistance line. It is considered to be a support line now. 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 weekly MACD line is above its signal line since June 6, 2025. 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 August 1, 2025 at 63.21 and reached 72.86 on September 17, 2025. XES gained -9.65 points, or -15.27%, in 47 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (70.34) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

Daily Technical Indicators: [See XES daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The distance between the Bollinger Bands (5.18%) is close to one year low (8.74%). It is 68.25% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.72
Williams' Percentage Range (W%R) 13.80
Overbought
Lane's Stochastic (%D-Slow) 60.73
Greed/Fear Indicator (GFI) 65.23
Moving Average Converg./Diverg. (MACD) 1.04 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.05
Williams' Percentage Range (W%R) 5.50
Strong Overbought
Lane's Stochastic (%D-Slow) 77.18
Greed/Fear Indicator (GFI) 75.83
Moving Average Converg./Diverg. (MACD) -1.78
Trading Signals
Description Value Chart
Weekly Trendline Resistance 73.80
Parabolic System 72.93
Upper Bollinger Band 71.60
Weekly Stochastic Crossing 71.58
Daily Stochastic Crossing 71.50
Weekly Trendline Support 70.34
Price 70.29
20 Day Moving Average 70.17
Lower Bollinger Band 67.97
50 Day Moving Average 67.73
Quarterly Trendline Resistance 61.26
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 70.05
Low Date 09/16/2025
High 72.86
High Date 09/17/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 73.80
Support 70.34
Low 63.21
Low Date 08/01/2025
High 72.86
High Date 09/17/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 51.19
Low Date 04/09/2025
High 72.86
High Date 09/17/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 61.26
Support 38.72
High 99.21
High Date 07/31/2024
Low 51.19
Low Date 04/09/2025
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 97.16
Support 42.14
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.