SS ENERGY SELECT SECTOR (XLE) Technical Analysis
NYSEARCA:XLE • US81369Y5069
Current stock price
XLE Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to XLE. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month XLE has a been trading in the 53.41 - 63.46 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, XLE did better than 80% of all other stocks. On top of that, XLE also shows a nice and consistent pattern of rising prices.
- XLE has an average volume of 59709000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- XLE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so XLE is lagging the market.
XLE Weekly and Daily overview Charts
XLE Setup Rating and Analysis
Although XLE has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
XLE Support and Resistance Analysis
42.10
When analyzing the support we can see 5 important areas.
- A support zone ranging from 55.01 to 55.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.42 to 45.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.56 from a horizontal line in the daily time frame.
- Support @43.84 from a horizontal line in the daily time frame.
- Support @42.53 from a horizontal line in the daily time frame.
XLE Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for XLE is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for XLE is down. |
| ChartMill Relative Strength | 80.07 | POSITIVE | XLE has a high relative strength, it outperformed 80.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of XLE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of XLE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XLE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.19 | NEUTRAL | The RSI value for XLE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.57 | NEGATIVE | The MACD value suggests XLE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22 | NEUTRAL | The Stochastics value for XLE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for XLE suggests some volalility. |
| Average Directional Index/ADX (14) | 25.97 | POSITIVE | The high ADX value value for XLE suggests a strong trend. |
XLE Chart- and CandleStick Pattern Analysis
XLE Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 56.38 | 55.00 | 1.38 (2.44%) | 25.00% |
| An entry @56.38. This is a Buy Stop order right above the 10 day moving average. | An exit @55.00. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.38 points, which is 2.44%. | For a 0.61% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of XLE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
XLE Technicals: Chart, Performance Metrics, Trend & Indicators
55.87
+0.8 (+1.45%)
SS ENERGY SELECT SECTOR / XLE TA FAQ
What is the technical rating for XLE stock?
ChartMill assigns a technical rating of 7 / 10 to XLE.
What is the current trend direction of SS ENERGY SELECT SECTOR (XLE) stock?
The current trend direction for SS ENERGY SELECT SECTOR (XLE) is Bullish.
What is the RSI signal for SS ENERGY SELECT SECTOR (XLE) stock?
SS ENERGY SELECT SECTOR (XLE) has an RSI value of 42.1919. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SS ENERGY SELECT SECTOR?
The MACD indicator for SS ENERGY SELECT SECTOR (XLE) has a value of -0.573806, indicating a bearish trend.
What is the buy/sell signal for XLE stock?
The buy/sell signal for SS ENERGY SELECT SECTOR (XLE) is hold as the short term and long term trends are mixed.