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

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- 5/2/2025 -
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Energy Select Sector SPDR (XLE) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :
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It was the negative week for the Energy Select Sector SPDR (XLE). During the week, the XLE gave back -0.41 points, or -0.50%, and closed at 81.98 on Friday, May 2, 2025. 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 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 (112.53) 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 November 22, 2024 at 97.92 and reached 74.49 on April 9, 2025. XLE lost 23.43 points, or 23.93%, in 19 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 72.65 and resistance is at 93.84. 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 below its signal line since April 4, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its 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 XLE short-term trend chart]
A short-term uptrend had started on April 9, 2025 at 74.49 and reached 83.20 on April 28, 2025. XLE gained -8.71 points, or -11.69%, in 19 days. The price is now at the 14.01% retracement level.

Daily Technical Indicators: [See XLE daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since April 22, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.77
Williams' Percentage Range (W%R) 27.80
Lane's Stochastic (%D-Slow) 68.85
Greed/Fear Indicator (GFI) 67.60
Moving Average Converg./Diverg. (MACD) -1.84
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.01
Williams' Percentage Range (W%R) 64.10
Lane's Stochastic (%D-Slow) 37.10
Greed/Fear Indicator (GFI) 39.26
Moving Average Converg./Diverg. (MACD) -0.86
Trading Signals
Description Value Chart
Monthly Trendline Resistance 93.84
50 Day Moving Average 86.33
Upper Bollinger Band 86.33
Price 81.98
Daily Stochastic Crossing 81.80
20 Day Moving Average 80.35
Weekly Stochastic Crossing 80.09
Lower Bollinger Band 78.75
Parabolic System 77.00
Monthly Trendline Support 72.65
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 79.51
Low Date 04/30/2025
High 82.39
High Date 05/02/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 74.49
Low Date 04/09/2025
High 83.20
High Date 04/28/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 93.84
Support 72.65
High 97.92
High Date 11/22/2024
Low 74.49
Low Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 98.97
High Date 04/12/2024
Low 74.49
Low Date 04/09/2025
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 102.16
Support 112.53
Low 22.88
Low Date 03/18/2020
High 98.97
High Date 04/12/2024
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.