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Select Sector SPDR ETFs Technical Analysis - XLEArchive
- 10/16/2026 -
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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 third consecutive positive week for the Energy Select Sector SPDR (XLE). During the week, the XLE gained 3.16 points, or 4.86%, and closed at 68.24 on Friday, October 16, 2026. It was the best weekly gain since August 14, 2026. Weekly volume was -28% below 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 68.29 on October 16, 2026. XLE gained -31.04 points, or -83.33%, in 79 weeks. Price is near the trend high.
 Medium-term trend: [See XLE medium-term trend chart]
A medium-term uptrend had started on July 1, 2026 at 52.62 and reached 68.29 on October 16, 2026. XLE gained -15.67 points, or -29.78%, in 15 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 62.95 and resistance is at 71.12. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See XLE weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 August 14, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 September 29, 2026 at 60.95 and reached 68.29 on October 16, 2026. XLE gained -7.34 points, or -12.04%, in 17 days. Price is near the trend high.
 Daily Technical Indicators: [See XLE daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since October 7, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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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 |
60.95 |
| Low Date |
09/29/2026 |
| High |
68.29 |
| High Date |
10/16/2026 |
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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 |
60.95 |
| Low Date |
09/29/2026 |
| High |
68.29 |
| High Date |
10/16/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
71.12 |
| Support |
62.95 |
| Low |
52.62 |
| Low Date |
07/01/2026 |
| High |
68.29 |
| High Date |
10/16/2026 |
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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 |
37.25 |
| Low Date |
04/09/2025 |
| High |
68.29 |
| High Date |
10/16/2026 |
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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 |
11.44 |
| Low Date |
03/18/2020 |
| High |
68.29 |
| High Date |
10/16/2026 |
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