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Downtrend ResistanceArchive
- 3/21/2025 -
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Energy Select Sector SPDR (XLE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Energy Select Sector SPDR (XLE). During the week, the XLE gained 2.76 points, or 3.07%, and closed at 92.52 on Friday, March 21, 2025. It was the best weekly gain since January 17, 2025. Weekly volume was 12% above average.
 Long-term trend: [See XLE long-term trend chart]
A long-term uptrend had started on December 23, 2024 at 82.75 and reached 94.29 on January 17, 2025. XLE gained -11.54 points, or -13.95%, in 3 weeks. The price is now at the 15.34% retracement level.
 Medium-term trend: [See XLE medium-term trend chart]
A medium-term downtrend had started on January 17, 2025 at 94.29 and reached 84.03 on March 5, 2025. XLE lost 10.26 points, or 10.88%, in 6 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (91.81). 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.
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 XLE short-term trend chart]
A short-term uptrend had started on March 5, 2025 at 84.03 and reached 93.48 on March 20, 2025. XLE gained -9.45 points, or -11.25%, in 15 days. The price is now at the 10.16% retracement level.
 Daily Technical Indicators: [See XLE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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 above its signal line since March 13, 2025. This is an indication that the short-term trend is up.
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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 |
Up |
| Chart Pattern |
Uptrend |
| Low |
86.65 |
| Low Date |
03/13/2025 |
| High |
93.48 |
| High Date |
03/20/2025 |
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| Weekly Trend |
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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 |
84.03 |
| Low Date |
03/05/2025 |
| High |
93.48 |
| High Date |
03/20/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Test Resistance |
| Resistance |
91.81 |
| Support |
82.43 |
| High |
94.29 |
| High Date |
01/17/2025 |
| Low |
84.03 |
| Low Date |
03/05/2025 |
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| Quarterly Trend |
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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 |
82.75 |
| Low Date |
12/23/2024 |
| High |
94.29 |
| High Date |
01/17/2025 |
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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 |
22.88 |
| Low Date |
03/18/2020 |
| High |
98.97 |
| High Date |
04/12/2024 |
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