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Select Sector SPDR ETFs Technical Analysis - XLE

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- 1/30/2026 -
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Energy Select Sector SPDR (XLE) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overbought
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtBullish Piercing Line CandlestickTrend resistance at 51.31
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It was a sixth consecutive positive week for the Energy Select Sector SPDR (XLE). During the week, the XLE gained 1.86 points, or 3.78%, and closed at 51.05 on Friday, January 30, 2026. Weekly volume was 59% above average.

Long-term trend: [See XLE long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 37.25 and reached 51.73 on January 29, 2026. XLE gained -14.48 points, or -38.87%, in 42 weeks. Price is near the trend high.

Medium-term trend: [See XLE medium-term trend chart]
A medium-term uptrend had started on October 16, 2025 at 42.35 and reached 51.73 on January 29, 2026. XLE gained -9.38 points, or -22.15%, in 15 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (44.79) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

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 near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 December 16, 2025 at 43.77 and reached 51.73 on January 29, 2026. XLE gained -7.96 points, or -18.19%, in 44 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (51.31). 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 short-term trend.

Daily Technical Indicators: [See XLE daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since December 31, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

Candlestick pattern: [See XLE candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 85.78
Overbought
Williams' Percentage Range (W%R) 18.90
Overbought
Lane's Stochastic (%D-Slow) 84.61
Overbought
Greed/Fear Indicator (GFI) 83.82
Overbought
Moving Average Converg./Diverg. (MACD) 1.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.58
Williams' Percentage Range (W%R) 14.60
Overbought
Lane's Stochastic (%D-Slow) 74.32
Greed/Fear Indicator (GFI) 73.94
Moving Average Converg./Diverg. (MACD) 0.57
Trading Signals
Description Value Chart
Upper Bollinger Band 51.49
Weekly Trendline Resistance 51.31
Daily Stochastic Crossing 51.25
Price 51.05
Weekly Stochastic Crossing 50.37
Parabolic System 49.45
Monthly Trendline Resistance 49.12
20 Day Moving Average 47.91
Weekly Trendline Support 46.57
50 Day Moving Average 46.15
Lower Bollinger Band 44.84
Monthly Trendline Support 44.79
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 45.08
Low Date 01/07/2026
High 51.73
High Date 01/29/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 51.31
Support 46.57
Low 43.77
Low Date 12/16/2025
High 51.73
High Date 01/29/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 49.12
Support 44.79
Low 42.35
Low Date 10/16/2025
High 51.73
High Date 01/29/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.25
Low Date 04/09/2025
High 51.73
High Date 01/29/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.44
Low Date 03/18/2020
High 51.73
High Date 01/29/2026
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.