SPDR OIL & GAS EQUIP & SERV (XES) Stock Technical Analysis
NYSEARCA:XES - NYSE Arca - US78468R5494 - ETF - Currency: USD
We assign a technical rating of 2 out of 10 to XES. XES's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
XES has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 68.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 63.86, a Stop Loss order could be placed below this zone.
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62.25
When analyzing the support we can see 2 important areas.
- A support zone ranging from 65.54 to 66.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 62.88 to 63.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 68.95 to 69.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @76.25 from a trend line in the weekly time frame.
- Resistance @98.50 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for XES is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for XES is neutral. |
| ChartMill Relative Strength | 19.56 | NEGATIVE | XES has a low relative strength, it was outperformed by 80.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of XES is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XES is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of XES is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.03 | NEUTRAL | The RSI value for XES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests XES has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.18 | NEUTRAL | The Stochastics value for XES is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for XES suggests some volalility. |
| Average Directional Index/ADX (14) | 15.23 | NEGATIVE | The low ADX value for XES suggests a weak or negative trend. |
NYSEARCA:XES (8/6/2025, 11:24:04 AM)
67.26
+0.98 (+1.48%)