ENERGY SELECT SECTOR SPDR $XLE Technical Update

The ENERGY SELECT SECTOR SPDR (NASDAQ: XLE) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for XLE, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term →Near Mid Long
Bias Neutral Neutral Neutral
P1 74.94 72.66 68.89
P2 75.67 75.34 76.06
P3 76.30 77.79 82.90

Long Term Trading Plans for XLE

August 9, 2018, 3:52 pm ET

The Technical Summary and Trading Plans for XLE help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this XLE Report.

XLE - (Long) Support Plan

Buy over 68.89 target 76.06 stop loss @ 68.63.
The technical summary data tells us to buy XLE near 68.89 with an upside target of 76.06. This data also tells us to set a stop loss @ 68.63 to protect against excessive loss in case the stock begins to move against the trade. 68.89 is the first level of support below 75.16 , and by rule, any test of support is a buy signal. In this case, support 68.89 would be being tested, so a buy signal would exist.

XLE - (Short) Resistance Plan

Short under 76.06 target 68.89 stop loss @ 76.32.
The technical summary data is suggesting a short of XLE as it gets near 76.06 with a downside target of 68.89. We should have a stop loss in place at 76.32 though. 76.06 is the first level of resistance above 75.16, and by rule, any test of resistance is a short signal. In this case, if resistance 76.06 is being tested, so a short signal would exist.


XLE Long Term Analysis


XLE Dividend Chart

XLE Growth rate - Yearly

XLE PE chart

XLE PEG chart

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