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Archive
- 8/14/2026 -
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SPDR Oil & Gas Equipment & Services (XES) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the SPDR Oil & Gas Equipment & Services (XES). During the week, the XES gained 10.85 points, or 9.57%, and closed at 124.18 on Friday, August 14, 2026. Weekly volume was -46% below average.
 Long-term trend: [See XES long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 51.19 and reached 135.35 on May 20, 2026. XES gained -84.16 points, or -164.41%, in 58 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (106.43) 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 XES medium-term trend chart]
A medium-term downtrend had started on May 20, 2026 at 135.35 and reached 104.32 on July 29, 2026. XES lost 31.03 points, or 22.93%, in 10 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (103.40) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. XES may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See XES weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 29, 2026. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See XES short-term trend chart]
A short-term uptrend had started on July 29, 2026 at 104.32 and reached 124.85 on August 14, 2026. XES gained -20.53 points, or -19.68%, in 16 days. Price is near the trend high.
 Daily Technical Indicators: [See XES daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since July 31, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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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