The Greedy Trader Weekly Analysis
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- 7/24/2026 -
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Energy Select Sector SPDR (XLE) Technical Analysis

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Summary:
Weekly :Trend resistance at 59.55
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought
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It was a third consecutive positive week for the Energy Select Sector SPDR (XLE). During the week, the XLE gained 1.94 points, or 3.36%, and closed at 59.62 on Friday, July 24, 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 63.46 on March 30, 2026. XLE gained -26.21 points, or -70.36%, in 50 weeks. The price is now at the 14.65% retracement 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 price is near the trend resistance line (59.55). The resistance is usually stronger when technical indicators are overbought. 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 resistance line 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. 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 price is now at the 10.60% retracement level.

Daily Technical Indicators: [See XLE daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. 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, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since July 6, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 86.26
Overbought
Williams' Percentage Range (W%R) 13.40
Overbought
Lane's Stochastic (%D-Slow) 88.55
Overbought
Greed/Fear Indicator (GFI) 87.13
Overbought
Moving Average Converg./Diverg. (MACD) 0.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.73
Williams' Percentage Range (W%R) 37.40
Lane's Stochastic (%D-Slow) 31.19
Greed/Fear Indicator (GFI) 48.66
Moving Average Converg./Diverg. (MACD) 2.06
Trading Signals
Description Value Chart
Upper Bollinger Band 61.41
Daily Stochastic Crossing 59.91
Price 59.62
Monthly Trendline Resistance 59.55
Parabolic System 58.06
50 Day Moving Average 56.75
20 Day Moving Average 55.97
Weekly Stochastic Crossing 55.47
Lower Bollinger Band 52.49
Monthly Trendline Support 52.37
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 52.62
Low Date 07/01/2026
High 60.45
High Date 07/24/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 52.62
Low Date 07/01/2026
High 60.45
High Date 07/24/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Resistance
Resistance 59.55
Support 52.37
High 63.46
High Date 03/30/2026
Low 52.62
Low Date 07/01/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.25
Low Date 04/09/2025
High 63.46
High Date 03/30/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.44
Low Date 03/18/2020
High 63.46
High Date 03/30/2026
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.