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Archive
- 4/24/2026 -
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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 first positive week after 3 consecutive negative weeks for the Energy Select Sector SPDR (XLE). During the week, the XLE gained 1.85 points, or 3.36%, and closed at 56.87 on Friday, April 24, 2026. XLE was trading at average weekly trading volume.
 Long-term trend: [See XLE long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 11.44 and reached 63.46 on March 30, 2026. XLE gained -52.02 points, or -454.72%, in 314 weeks. The price is now at the 12.67% retracement level.
 Medium-term trend: [See XLE medium-term trend chart]
A medium-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 chart has formed a Rising Channel chart pattern. The uptrend resistance line (46.65) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken 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 above its signal line since June 13, 2025. 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 XLE short-term trend chart]
A short-term downtrend had started on March 30, 2026 at 63.46 and reached 53.41 on April 17, 2026. XLE lost 10.05 points, or 15.84%, in 18 days. The price is now at the 34.43% retracement level.
Daily Technical Indicators: [See XLE daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. 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 daily MACD line is below its signal line since March 31, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (56.98) comes close to the price (56.87). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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