The Greedy Trader Weekly Analysis
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- 7/2/2026 -
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SPDR Oil & Gas Equipment & Services (XES) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversoldTrend resistance at 106.66
Daily :Williams' Percentage Range is oversoldLane's Stochastic and MACD bullish divergence
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It was the negative week for the SPDR Oil & Gas Equipment & Services (XES). During the week, the XES dropped -6.42 points, or -5.68%, and closed at 106.66 on Thursday, July 2, 2026. Weekly volume was 158% above average.

Long-term trend: [See XES long-term trend chart]
A long-term downtrend had started on September 12, 2023 at 100.81 and reached 51.19 on April 9, 2025. XES lost 49.62 points, or 49.22%, in 82 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (26.30) is broken. A broken support is considered to be a long-term bullish signal. 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 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 price is near the trend resistance line (106.66). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See XES weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since May 29, 2026. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See XES short-term trend chart]
A short-term downtrend had started on June 29, 2026 at 114.09 and reached 105.98 on July 2, 2026. XES lost 8.11 points, or 7.11%, in 3 days. The price is now at the 8.38% retracement level.

Daily Technical Indicators: [See XES 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. Daily Lane's Stochastic and MACD have bullish 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 daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since May 21, 2026. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.57
Williams' Percentage Range (W%R) 85.90
Oversold
Lane's Stochastic (%D-Slow) 21.36
Bullish
Greed/Fear Indicator (GFI) 18.68
Oversold
Moving Average Converg./Diverg. (MACD) -3.10 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.54
Williams' Percentage Range (W%R) 85.30
Oversold
Lane's Stochastic (%D-Slow) 25.59
Greed/Fear Indicator (GFI) 28.34
Moving Average Converg./Diverg. (MACD) 9.76
Trading Signals
Description Value Chart
Upper Bollinger Band 126.21
50 Day Moving Average 122.60
20 Day Moving Average 116.31
Weekly Stochastic Crossing 112.46
Parabolic System 112.38
Daily Stochastic Crossing 107.62
Quarterly Trendline Resistance 106.66
Price 106.66
Lower Bollinger Band 104.68
Quarterly Trendline Support 98.13
Yearly Trendline Resistance 95.74
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 114.09
High Date 06/29/2026
Low 105.98
Low Date 07/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 114.09
High Date 06/29/2026
Low 105.98
Low Date 07/02/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 135.35
High Date 05/20/2026
Low 105.98
Low Date 07/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 106.66
Support 98.13
Low 51.19
Low Date 04/09/2025
High 135.35
High Date 05/20/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 95.74
Support 26.30
High 100.81
High Date 09/12/2023
Low 51.19
Low Date 04/09/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.