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Select Sector SPDR ETFs Technical Analysis - XLEArchive
- 8/1/2025 -
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Energy Select Sector SPDR (XLE) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Energy Select Sector SPDR (XLE). During the week, the XLE dropped -1.51 points, or -1.73%, and closed at 85.59 on Friday, August 1, 2025. Weekly volume was -12% below average.
 Long-term trend: [See XLE long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 22.88 and reached 98.97 on April 12, 2024. XLE gained -76.09 points, or -332.56%, in 212 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (116.84) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.
 Medium-term trend: [See XLE medium-term trend chart]
A medium-term downtrend had started on April 12, 2024 at 98.97 and reached 74.49 on April 9, 2025. XLE lost 24.48 points, or 24.73%, in 51 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 69.87 and resistance is at 96.78. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern 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. 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 July 22, 2025 at 84.89 and reached 88.98 on July 29, 2025. XLE gained -4.09 points, or -4.82%, in 7 days. The price is now at the 82.89% retracement level.
Daily Technical Indicators: [See XLE daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since July 31, 2025. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (5.51%) is close to one year low (5.63%). It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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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