The Greedy Trader Weekly Analysis
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Select Sector SPDR ETFs Technical Analysis - XES

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- 3/21/2025 -
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SPDR Oil & Gas Equipment & Services (XES) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is oversoldStochastic has raised above the signal linePrice is near the Fibonacci 23.6% retracement level
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal linePrice is near the Fibonacci 23.6% retracement level
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It was a first positive week after 4 consecutive negative weeks for the SPDR Oil & Gas Equipment & Services (XES). During the week, the XES gained 1.61 points, or 2.32%, and closed at 71.06 on Friday, March 21, 2025. It was the best weekly gain since January 17, 2025. Weekly volume was -47% below average.

Long-term trend: [See XES long-term trend chart]
A long-term downtrend had started on September 12, 2023 at 100.81 and reached 66.27 on March 4, 2025. XES lost 34.54 points, or 34.26%, in 77 weeks. The price is now at the 13.87% retracement level.

Medium-term trend: [See XES medium-term trend chart]
A medium-term downtrend had started on January 21, 2025 at 88.62 and reached 66.27 on March 4, 2025. XES lost 22.35 points, or 25.22%, in 6 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See XES weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since February 21, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 March 4, 2025 at 66.27 and reached 72.40 on March 19, 2025. XES gained -6.13 points, or -9.25%, in 15 days. Price is near the Fibonacci 23.6% retracement level.

Daily Technical Indicators: [See XES daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.98
Williams' Percentage Range (W%R) 55.90
Lane's Stochastic (%D-Slow) 89.71
Overbought
Greed/Fear Indicator (GFI) 62.93
Moving Average Converg./Diverg. (MACD) -2.53
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.51
Williams' Percentage Range (W%R) 78.40
Lane's Stochastic (%D-Slow) 16.10
Oversold
Greed/Fear Indicator (GFI) 28.18
Moving Average Converg./Diverg. (MACD) -2.15
Trading Signals
Description Value Chart
50 Day Moving Average 77.49
Upper Bollinger Band 77.37
Daily Stochastic Crossing 71.75
Price 71.06
20 Day Moving Average 70.72
Parabolic System 68.77
Weekly Stochastic Crossing 68.49
Lower Bollinger Band 66.28
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 66.27
Low Date 03/04/2025
High 72.40
High Date 03/19/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 88.62
High Date 01/21/2025
Low 66.27
Low Date 03/04/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 99.21
High Date 07/31/2024
Low 66.27
Low Date 03/04/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 100.81
High Date 09/12/2023
Low 66.27
Low Date 03/04/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 44.96
Low Date 08/19/2021
High 100.81
High Date 09/12/2023
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.