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Select Sector SPDR ETFs Technical Analysis - XLEArchive
- 8/28/2026 -
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Energy Select Sector SPDR (XLE) Technical Analysis
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| Summary:
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| | It was the negative week for the Energy Select Sector SPDR (XLE). During the week, the XLE dropped -0.96 points, or -1.51%, and closed at 62.68 on Friday, August 28, 2026. Weekly volume was -36% 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 64.70 on August 20, 2026. XLE gained -27.45 points, or -73.69%, in 71 weeks. The price is now at the 7.36% retracement level.
 Medium-term trend: [See XLE medium-term trend chart]
A medium-term uptrend had started on July 1, 2026 at 52.62 and reached 64.70 on August 20, 2026. XLE gained -12.08 points, or -22.96%, in 7 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 60.41 and resistance is at 65.75. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See XLE weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 links to access Lane's Stochastic and 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 downtrend had started on August 20, 2026 at 64.70 and reached 61.31 on August 26, 2026. XLE lost 3.39 points, or 5.24%, in 6 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See XLE daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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