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Archive
- 1/23/2026 -
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Energy Select Sector SPDR (XLE) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fifth consecutive positive week for the Energy Select Sector SPDR (XLE). During the week, the XLE gained 1.50 points, or 3.15%, and closed at 49.19 on Friday, January 23, 2026. It was the best weekly gain since September 26, 2025. Weekly volume was 55% 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 49.89 on January 23, 2026. XLE gained -12.64 points, or -33.93%, in 41 weeks. The price is now at the 5.54% retracement level.
 Medium-term trend: [See XLE medium-term trend chart]
A medium-term uptrend had started on October 16, 2025 at 42.35 and reached 49.89 on January 23, 2026. XLE gained -7.54 points, or -17.80%, in 14 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (44.64) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 above its signal line since June 13, 2025. This is an indication that the medium-term trend is up. 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 49.89 on January 23, 2026. XLE gained -6.12 points, or -13.98%, in 38 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 46.10 and resistance is at 50.20. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See XLE daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since December 31, 2025. 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.
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