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Archive
- 10/30/2026 -
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Energy Select Sector SPDR (XLE) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fifth consecutive positive week for the Energy Select Sector SPDR (XLE). During the week, the XLE climbed 0.69 points, or 1.00%, and closed at 70.02 on Friday, October 30, 2026. Weekly volume was -25% 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 70.15 on October 30, 2026. XLE gained -32.90 points, or -88.32%, in 81 weeks. Price is near the trend high.
 Medium-term trend: [See XLE medium-term trend chart]
A medium-term uptrend had started on July 1, 2026 at 52.62 and reached 70.15 on October 30, 2026. XLE gained -17.53 points, or -33.31%, in 17 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 64.28 and resistance is at 72.88. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See XLE weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 August 14, 2026. This is an indication that the medium-term trend is up. 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 September 29, 2026 at 60.95 and reached 70.15 on October 30, 2026. XLE gained -9.20 points, or -15.09%, in 31 days. Price is near the trend high.
 Daily Technical Indicators: [See XLE daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 daily MACD line is above its signal line since October 7, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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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 |
67.98 |
| Low Date |
10/29/2026 |
| High |
70.15 |
| High Date |
10/30/2026 |
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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 |
60.95 |
| Low Date |
09/29/2026 |
| High |
70.15 |
| High Date |
10/30/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
72.88 |
| Support |
64.28 |
| Low |
52.62 |
| Low Date |
07/01/2026 |
| High |
70.15 |
| High Date |
10/30/2026 |
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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 |
70.15 |
| High Date |
10/30/2026 |
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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 |
70.15 |
| High Date |
10/30/2026 |
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