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Select Sector SPDR ETFs Technical Analysis - XESArchive
- 1/9/2026 -
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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 a third consecutive positive week for the SPDR Oil & Gas Equipment & Services (XES). During the week, the XES gained 4.07 points, or 4.79%, and closed at 89.07 on Friday, January 9, 2026. Weekly volume was 82% 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 trend support level is at 35.92 and resistance is at 96.60. 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern 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 90.49 on January 9, 2026. XES gained -39.30 points, or -76.77%, in 39 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 80.82 and resistance is at 89.98. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern 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. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 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 December 26, 2025 at 80.43 and reached 90.49 on January 9, 2026. XES gained -10.06 points, or -12.51%, in 14 days. The price is now at the 14.12% retracement level.
 Daily Technical Indicators: [See XES daily technical indicators chart]
Daily 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 daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Relative Strength Index help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
80.43 |
| Low Date |
12/26/2025 |
| High |
90.49 |
| High Date |
01/09/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
80.43 |
| Low Date |
12/26/2025 |
| High |
90.49 |
| High Date |
01/09/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
78.98 |
| Low Date |
12/16/2025 |
| High |
90.49 |
| High Date |
01/09/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
89.98 |
| Support |
80.82 |
| Low |
51.19 |
| Low Date |
04/09/2025 |
| High |
90.49 |
| High Date |
01/09/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
96.60 |
| Support |
35.92 |
| High |
100.81 |
| High Date |
09/12/2023 |
| Low |
51.19 |
| Low Date |
04/09/2025 |
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