SS ENERGY SELECT SECTOR (XLE) Technical Analysis
NYSEARCA:XLE • US81369Y5069
Current stock price
XLE Technical Rating and Analysis
Taking everything into account, XLE scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, XLE has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- XLE is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so XLE is leading the market.
- In the last month XLE has a been trading in the 54.12 - 61.47 range, which is quite wide. It is currently trading near the high of this range.
- XLE has an average volume of 59612600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, XLE did better than 88% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
XLE Weekly and Daily overview Charts
XLE Setup Rating and Analysis
Although XLE has an excellent technical rating, it does not present a decent entry opportunity 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
41.85
5 important support areas can be observed.
- A support zone ranging from 57.34 to 58.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @55.59 from a horizontal line in the daily time frame.
- A support zone ranging from 44.49 to 45.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @43.38 from a horizontal line in the daily time frame.
- Support @42.27 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 | UP | POSITIVE | The short term trend for XLE is up. |
| ChartMill Relative Strength | 88.59 | POSITIVE | XLE has a high relative strength, it outperformed 88.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XLE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XLE is above 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) | 80.49 | OVERBOUGHT | The high RSI value suggests XLE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests XLE has a positive trend. |
| Stochastics (14,3) | 85.22 | OVERBOUGHT | The high Stochastics value suggests XLE may be overbought. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for XLE suggests some volalility. |
| Average Directional Index/ADX (14) | 46.05 | POSITIVE | The high ADX value value for XLE suggests a strong trend. |
XLE Chart- and CandleStick Pattern Analysis
XLE Technicals: Chart, Performance Metrics, Trend & Indicators
60.84
+1.21 (+2.03%)
SS ENERGY SELECT SECTOR / XLE TA FAQ
What is the technical rating for XLE stock?
ChartMill assigns a technical rating of 9 / 10 to XLE.
Can you provide the trend direction for SS ENERGY SELECT SECTOR?
The current trend direction for SS ENERGY SELECT SECTOR (XLE) is Bullish.
What is the RSI signal for XLE stock?
SS ENERGY SELECT SECTOR (XLE) has an RSI value of 80.4935. This indicates that the stock is currently overbought.
What is the short term momentum for XLE stock?
The short term momentum for SS ENERGY SELECT SECTOR (XLE) is positive.
What is the support and resistance level for XLE stock?
SS ENERGY SELECT SECTOR (XLE) has a support level at 58.62. Check the full technical report for our detailed analysis of XLE support and resistance levels.