ENERGY SELECT SECTOR SPDR (XLE) Stock Technical Analysis
NYSEARCA:XLE - US81369Y5069 - ETF
88.14 USD
+1.76 (+2.04%)
88.05 USD
-0.09 (-0.1%)
We assign a technical rating of 5 out of 10 to XLE. XLE has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
XLE has an average volume of 18923600 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 42% of them, which is more or less in line with the market.
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.
In the last month XLE has a been trading in a tight range between 84.10 and 88.98.
XLE has an average technical rating and it also 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
77.97
99.06
We found 3 important support areas.
- A support zone ranging from 84.54 to 87.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @80.17 from a horizontal line in the weekly time frame.
- Support @78.76 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @88.98 from a horizontal line in the daily time frame.
- Resistance @90.59 from a trend line in the daily time frame.
- A resistance zone ranging from 97.27 to 98.08. 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 | UP | POSITIVE | The short term trend for XLE is up. |
| ChartMill Relative Strength | 42.43 | 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) | 62.32 | NEUTRAL | The RSI value for XLE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests XLE has a positive trend. |
| Stochastics (14,3) | 80.75 | OVERBOUGHT | The high Stochastics value suggests XLE may be overbought. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for XLE suggests low volalility. |
| Average Directional Index/ADX (14) | 11.19 | NEGATIVE | The low ADX value for XLE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
88.14
+1.76 (+2.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.04%
1 Week3.02%
2 Weeks3.78%
1 Month1.19%
3 Month7.5%
6 Month-3.07%
12 Month-2.49%
2 Year-0.88%
3 Year9.49%
5 Year147.24%
10 Year32.68%
15 Year72.15%
Volatility
ATR(14)1.35
ATR(20)%1.56%
ATR Inc15.39%
Range Today1.82
ADR(20)1.31
ADR(20)%1.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.43
Mansfield-0.87
10 Day High88.35
10 Day Low84.1
20 Day High88.98
20 Day Low84.1
52 Week High97.92
52 Week Low74.49
CS1 End87.78
CR1 Start88.98
Volume & EV
DER(3)0.14%
DER(5)0.8%
Volume15.47M
Volume Incr-9.8%
Vol(5)13.31M
Vol(50)18.92M