|
|
Select Sector SPDR ETFs Technical Analysis - XLEArchive
- 5/2/2025 -
Sign In to see current Signals. |
Energy Select Sector SPDR (XLE) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | 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.
| |
|
|