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Archive
- 8/7/2026 -
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Energy Select Sector SPDR (XLE) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Energy Select Sector SPDR (XLE). During the week, the XLE dropped -2.05 points, or -3.44%, and closed at 57.50 on Friday, August 7, 2026. It was the worst weekly loss since June 18, 2026. Weekly volume was -28% below average.
 Long-term trend: [See XLE long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 37.25 and reached 63.46 on March 30, 2026. XLE gained -26.21 points, or -70.36%, in 50 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See XLE medium-term trend chart]
A medium-term downtrend had started on March 30, 2026 at 63.46 and reached 52.62 on July 1, 2026. XLE lost 10.84 points, or 17.08%, in 13 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 52.22 and resistance is at 59.06. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See XLE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 8, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See XLE short-term trend chart]
A short-term uptrend had started on July 1, 2026 at 52.62 and reached 60.45 on July 24, 2026. XLE gained -7.83 points, or -14.88%, in 23 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (59.31) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.
Daily Technical Indicators: [See XLE daily technical indicators chart]
Daily technical indicators are neutral.
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 declined below the moving average in the center of the Bollinger Bands. 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.
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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 |
Down |
| Chart Pattern |
DownTrend |
| High |
60.45 |
| High Date |
07/24/2026 |
| Low |
57.11 |
| Low Date |
08/07/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Support |
| Resistance |
58.92 |
| Support |
59.31 |
| Low |
52.62 |
| Low Date |
07/01/2026 |
| High |
60.45 |
| High Date |
07/24/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Valid |
| Resistance |
59.06 |
| Support |
52.22 |
| High |
63.46 |
| High Date |
03/30/2026 |
| Low |
52.62 |
| Low Date |
07/01/2026 |
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| Quarterly 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 |
37.25 |
| Low Date |
04/09/2025 |
| High |
63.46 |
| High Date |
03/30/2026 |
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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 |
11.44 |
| Low Date |
03/18/2020 |
| High |
63.46 |
| High Date |
03/30/2026 |
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