We assign a technical rating of 8 out of 10 to XLE. Although XLE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- XLE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month XLE has a been trading in the 43.98 - 48.65 range, which is quite wide. It is currently trading near the high of this range.
- XLE has an average volume of 27586400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, XLE outperforms 56% of them, which is more or less in line with the market.
- Volume is considerably higher in the last couple of days.
Although XLE has an excellent technical rating, it does not offer a high quality setup 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
41.70
We found 3 important support areas.
- A support zone ranging from 44.28 to 45.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.38 from a horizontal line in the daily time frame.
- A support zone ranging from 42.12 to 42.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 47.70 to 48.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @49.04 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 | 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 | 56.41 | NEUTRAL | XLE is not amongst the best or worst performers 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) | 62.44 | NEUTRAL | The RSI value for XLE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests XLE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81 | OVERBOUGHT | The high Stochastics value suggests XLE may be overbought. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for XLE suggests low volalility. |
| Average Directional Index/ADX (14) | 26.85 | POSITIVE | The high ADX value value for XLE suggests a strong trend. |
47.69
+0.08 (+0.17%)
SS ENERGY SELECT SECTOR / XLE FAQ
What is the technical rating for XLE stock?
ChartMill assigns a technical rating of 8 / 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 62.4406. This indicates that the stock is currently neutral.
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 45.65 and a resistance level at 47.7. Check the full technical report for our detailed analysis of XLE support and resistance levels.