|
|
Downtrend ResistanceArchive
- 6/13/2025 -
Sign In to see current Signals. |
SPDR Oil & Gas Equipment & Services (XES) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a third consecutive positive week for the SPDR Oil & Gas Equipment & Services (XES). During the week, the XES gained 4.36 points, or 6.75%, and closed at 68.95 on Friday, June 13, 2025. Weekly volume was 56% above 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 51.19 on April 9, 2025. XES lost 48.02 points, or 48.40%, in 36 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (67.17). 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 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 69.74 on June 13, 2025. XES gained -18.55 points, or -36.24%, in 9 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See XES weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 May 22, 2025 at 57.78 and reached 69.74 on June 13, 2025. XES gained -11.96 points, or -20.70%, in 22 days. The price is now at the 6.61% retracement level.
 Daily Technical Indicators: [See XES daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 21, 2025. This is an indication that the short-term trend is up.
| |
|
|