Overall XLE gets a technical rating of 2 out of 10. XLE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, XLE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 43.81, a Stop Loss order could be placed below this zone.
More info and screens
41.85
When analyzing the support we can see 2 important areas.
- A support zone ranging from 43.38 to 43.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 42.27 to 42.47. 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 44.29 to 46.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 46.98 to 47.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for XLE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for XLE is down. |
| ChartMill Relative Strength | 50.82 | NEUTRAL | XLE is not amongst the best or worst performers 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) | 43.4 | NEUTRAL | The RSI value for XLE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests XLE has a negative trend. |
| Stochastics (14,3) | 19.95 | OVERSOLD | The low Stochastics value suggests XLE may be oversold. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for XLE suggests low volalility. |
| Average Directional Index/ADX (14) | 21.86 | NEUTRAL | The ADX value for XLE suggests a possible start of a new trend. |
44.13
0 (0%)
SS ENERGY SELECT SECTOR / XLE FAQ
What is the technical rating for XLE stock?
ChartMill assigns a technical rating of 2 / 10 to XLE.
What is the trend direction for XLE stock?
The current trend direction for SS ENERGY SELECT SECTOR (XLE) is Bearish.
What is the RSI signal for XLE stock?
SS ENERGY SELECT SECTOR (XLE) has an RSI value of 43.403. This indicates that the stock is currently neutral.
What is the short term momentum for SS ENERGY SELECT SECTOR (XLE) stock?
The short term momentum for SS ENERGY SELECT SECTOR (XLE) is negative.