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Archive
- 1/9/2026 -
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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 third consecutive positive week for the Energy Select Sector SPDR (XLE). During the week, the XLE gained 1.02 points, or 2.23%, and closed at 46.67 on Friday, January 9, 2026. Weekly volume was 79% above average.
 Long-term trend: [See XLE long-term trend chart]
A long-term downtrend had started on April 12, 2024 at 49.49 and reached 37.25 on April 9, 2025. XLE lost 12.24 points, or 24.73%, in 51 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (48.01). 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 XLE medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 37.25 and reached 47.32 on January 5, 2026. XLE gained -10.07 points, or -27.03%, in 38 weeks. The price is now at the 6.45% retracement level.
 Weekly Technical Indicators: [See XLE weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 October 16, 2025 at 42.35 and reached 47.32 on January 5, 2026. XLE gained -4.97 points, or -11.74%, in 81 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 44.35 and resistance is at 48.23. 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
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 relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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