The Greedy Trader Weekly Analysis
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- 8/28/2026 -
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SPDR Oil & Gas Equipment & Services (XES) Technical Analysis

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Summary:
Weekly :Trend resistance at 119.79
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the SPDR Oil & Gas Equipment & Services (XES). During the week, the XES dropped -1.22 points, or -1.01%, and closed at 119.69 on Friday, August 28, 2026. Weekly volume was -53% 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 price is near the trend resistance line (119.79). 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 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 price is now at the 49.53% retracement level.

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 downtrend had started on August 18, 2026 at 126.18 and reached 114.69 on August 26, 2026. XES lost 11.49 points, or 9.11%, in 8 days. The price is now at the 43.52% retracement level.

Daily Technical Indicators: [See XES daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.35
Williams' Percentage Range (W%R) 34.90
Lane's Stochastic (%D-Slow) 24.76
Greed/Fear Indicator (GFI) 46.39
Moving Average Converg./Diverg. (MACD) 1.78
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.59
Williams' Percentage Range (W%R) 50.00
Lane's Stochastic (%D-Slow) 56.78
Greed/Fear Indicator (GFI) 51.80
Moving Average Converg./Diverg. (MACD) 4.85
Trading Signals
Description Value Chart
Upper Bollinger Band 126.75
Parabolic System 124.80
Yearly Trendline Resistance 119.79
Price 119.69
Weekly Stochastic Crossing 119.12
20 Day Moving Average 118.78
Daily Stochastic Crossing 117.60
50 Day Moving Average 114.24
Lower Bollinger Band 109.81
Yearly Trendline Support 109.10
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 114.69
Low Date 08/26/2026
High 120.94
High Date 08/27/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 126.18
High Date 08/18/2026
Low 114.69
Low Date 08/26/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 104.32
Low Date 07/29/2026
High 126.18
High Date 08/18/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 135.35
High Date 05/20/2026
Low 104.32
Low Date 07/29/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 119.79
Support 109.10
Low 51.19
Low Date 04/09/2025
High 135.35
High Date 05/20/2026
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.