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Archive
- 12/13/2024 -
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SPDR Oil & Gas Equipment & Services (XES) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the SPDR Oil & Gas Equipment & Services (XES). During the week, the XES climbed 0.17 points, or 0.21%, and closed at 80.26 on Friday, December 13, 2024. Weekly volume was -55% below average.
 Long-term trend: [See XES long-term trend chart]
A long-term downtrend had started on July 31, 2024 at 99.21 and reached 75.26 on September 11, 2024. XES lost 23.95 points, or 24.14%, in 6 weeks. The price is now at the 20.88% retracement level.
 Medium-term trend: [See XES medium-term trend chart]
A medium-term uptrend had started on September 11, 2024 at 75.26 and reached 88.29 on November 25, 2024. XES gained -13.03 points, or -17.31%, in 10 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 76.79 and resistance is at 88.32. 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 technical indicators are neutral.
The weekly MACD line is above its signal line since November 22, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See XES short-term trend chart]
A short-term downtrend had started on November 25, 2024 at 88.29 and reached 80.09 on December 6, 2024. XES lost 8.20 points, or 9.29%, in 11 days. Price is near the trend low.
 Daily Technical Indicators: [See XES daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 and Williams' Percentage Range help.
The daily MACD line is below its signal line since December 4, 2024. This is an indication that the short-term trend is down.
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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 |
83.72 |
| High Date |
12/11/2024 |
| Low |
80.26 |
| Low Date |
12/13/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
88.29 |
| High Date |
11/25/2024 |
| Low |
80.09 |
| Low Date |
12/06/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
88.32 |
| Support |
76.79 |
| Low |
75.26 |
| Low Date |
09/11/2024 |
| High |
88.29 |
| High Date |
11/25/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
99.21 |
| High Date |
07/31/2024 |
| Low |
75.26 |
| Low Date |
09/11/2024 |
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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 |
44.96 |
| Low Date |
08/19/2021 |
| High |
100.81 |
| High Date |
09/12/2023 |
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