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Archive
- 1/15/2021 -
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Energy Select Sector SPDR (XLE) |
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| Summary:
| | Weekly : | | Daily :
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| | It was a second positive week after 3 consecutive negative weeks for the Energy Select Sector SPDR (XLE). During the week, the XLE gained 1.33 points, or 3.21%, and closed at 42.75 on Friday, January 15, 2021. Weekly volume was 17% above average.
 Long-term trend: [See XLE long-term trend chart]
A long-term downtrend had started on May 22, 2018 at 79.42 and reached 22.88 on March 18, 2020. XLE lost 56.54 points, or 71.19%, in 95 weeks. The price is now at the 35.14% retracement level.
 Medium-term trend: [See XLE medium-term trend chart]
A medium-term uptrend had started on October 29, 2020 at 26.98 and reached 45.00 on January 14, 2021. XLE gained -18.02 points, or -66.79%, in 11 weeks. The price is now at the 12.49% retracement level.
 Weekly Technical Indicators: [See XLE weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 6, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See XLE short-term trend chart]
A short-term uptrend had started on December 21, 2020 at 37.02 and reached 45.00 on January 14, 2021. XLE gained -7.98 points, or -21.56%, in 24 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 38.48 and resistance is at 45.44. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See XLE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is above its signal line since January 6, 2021. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
45.00 |
| High Date |
01/14/2021 |
| Low |
42.33 |
| Low Date |
01/15/2021 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
45.44 |
| Support |
38.48 |
| Low |
37.02 |
| Low Date |
12/21/2020 |
| High |
45.00 |
| High Date |
01/14/2021 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
26.98 |
| Low Date |
10/29/2020 |
| High |
45.00 |
| High Date |
01/14/2021 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
79.42 |
| High Date |
05/22/2018 |
| Low |
22.88 |
| Low Date |
03/18/2020 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
101.52 |
| High Date |
06/23/2014 |
| Low |
22.88 |
| Low Date |
03/18/2020 |
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