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Archive
- 4/10/2026 -
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Energy Select Sector SPDR (XLE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Energy Select Sector SPDR (XLE). During the week, the XLE dropped -2.31 points, or -3.90%, and closed at 56.94 on Friday, April 10, 2026. Weekly volume was 25% above average.
 Long-term trend: [See XLE long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 37.25 and reached 63.46 on March 30, 2026. XLE gained -26.21 points, or -70.36%, in 50 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (46.33) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See XLE medium-term trend chart]
A medium-term uptrend had started on October 16, 2025 at 42.35 and reached 63.46 on March 30, 2026. XLE gained -21.11 points, or -49.85%, in 23 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (46.31) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See XLE weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since June 13, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 16, 2025 at 43.77 and reached 63.46 on March 30, 2026. XLE gained -19.69 points, or -44.99%, in 104 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (60.30) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. XLE may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.
 Daily Technical Indicators: [See XLE daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since March 31, 2026. The distance between MACD and the signal line is relatively high and getting bigger.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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