|
|
Archive
- 7/19/2024 -
Sign In to see current Signals. |
SPDR Oil & Gas Equipment & Services (XES) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a second consecutive positive week for the SPDR Oil & Gas Equipment & Services (XES). During the week, the XES gained 2.67 points, or 2.89%, and closed at 94.91 on Friday, July 19, 2024. Weekly volume was -44% below average.
 Long-term trend: [See XES long-term trend chart]
A long-term uptrend had started on January 17, 2024 at 76.08 and reached 98.98 on July 17, 2024. XES gained -22.90 points, or -30.10%, in 26 weeks. The price is now at the 17.77% retracement level.
Medium-term trend: [See XES medium-term trend chart]
A medium-term uptrend had started on June 14, 2024 at 85.07 and reached 98.98 on July 17, 2024. XES gained -13.91 points, or -16.35%, in 4 weeks. The price is now at the 29.26% retracement level.
 Weekly Technical Indicators: [See XES weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 10, 2024 at 87.44 and reached 98.98 on July 17, 2024. XES gained -11.54 points, or -13.20%, in 7 days. The price is now at the 35.27% retracement level.
 Daily Technical Indicators: [See XES daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Lane's Stochastic help.
The daily MACD line is above its signal line since June 21, 2024. This is an indication that the short-term trend is up.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.
| |
|
|