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Posts Tagged ‘XLE Technical Analysis’

December 9th, 2022: XLE Chart Update

Posted by pugsma on December 9, 2022

5:00 pm EST: XLE (energy ETF) is approaching a confluence of targets across the 60-min, daily and weekly time frames. The 60-mini chart H&S target is 80.47, the daily chart 200-day is at 79.86 and the 34-week EMA is at 80.35. Thus, XLE should see a reactionary bounce near 80.

XLE 60-min chart:

XLE Technical Analysis

XLE daily chart:

XLE Technical Analysis

XLE weekly chart:

XLE Technical Analysis

Posted in XLE | Tagged: | Comments Off on December 9th, 2022: XLE Chart Update

January 22nd, 2021: XLE Chart Update

Posted by pugsma on January 22, 2021

OK I wanted to get this out to all subscribers not just the 2021 CCA subscriber. I’ve been pretty bullish on traditional energy (XLE) since the March low. And I do think XLE could run a little higher toward the 49.43 pivot yet this year. However, when I step back and looked more closely at the monthly and weekly charts of XLE, I think this move up the 49.43 pivot area is only a bounce from a long-term view. There is likely much more pain ahead for XLE as green energy companies take more market share.

XLE daily chart:

XLE Technical Analysis

XLE weekly chart:

XLE Technical Analysis

XLE monthly chart:

XLE Technical Analysis

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February 22nd, 2018: XLE (Energy Daily) Chart Update

Posted by pugsma on February 22, 2018

11:45 am EST:   XLE has formed a positive divergence (+DIV) on the daily RSI and STO with respect to a small bull flag drop in closing price over the past week.  The bull flag measures to about 71.50, which is near the 50-day SMA (72.36).

XLE Technical Analysis

 

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June 6th, 2017: XLE Chart Update

Posted by pugsma on June 6, 2017

XLE Daily Chart:

XLE Technical Analysis

XLE Weekly Chart:

XLE Technical Analysis

Posted in Add-On Service, XLE | Tagged: | Comments Off on June 6th, 2017: XLE Chart Update

May 2nd, 2017: XLE Chart Update

Posted by pugsma on May 2, 2017

12:25 pm EST:   XLE has now retraced the entire post-election move up from 67.00 to 78.45.  There is potential positive divergence (+DIV) on the daily chart MACD.  It’s now or never for XLE at 67.0.  If 67.0 holds and it breaks above 71.49, then it could test the 80.90 pivot.  If 67.0 fails, then it’s likely headed back it’s back to revisit January 2016 low at 49.93.

XLE 60-min chart:

XLE daily chart:

XLE weeky chart:

Posted in Add-On Service, XLE | Tagged: | Comments Off on May 2nd, 2017: XLE Chart Update

April 5th, 2017: XLE Chart Update

Posted by pugsma on April 5, 2017

XLE has a short-term Inverse Head and Shoulders (IHS) target of 73.68 (see 60-min chart) and a long-term IHS target of 89.41 (see daily chart).

XLE 60-min chart:

XLE daily chart:

 

Posted in Add-On Service, XLE | Tagged: | Comments Off on April 5th, 2017: XLE Chart Update

March 9th, 2017: XLE Chart Update

Posted by pugsma on March 9, 2017

XLE 60-min chart:

XLE daily chart:

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February 14th, 2017: XLE (Energy) Chart Update

Posted by pugsma on February 14, 2017

On the XLE 60-min chart there is a potential Short-Term (ST) Inverse Head and Shoulders (IHS) with a target of 76.63 with right shoulder now forming above the 72.0 area.

On the XLE daily chart there is a MACD bull-cross with a potential Long-Term (LT) Inverse Head and Shoulders (IHS) with a target of 93.95.

XLE 60-min chart:

pug-xle-60-min-2-14-17

XLE 4-hr chart:

pug-xle-4-hr-2-14-17

XLE daily chart:

pug-xle-daily-2-14-17

 

Posted in Add-On Service, XLE | Tagged: | Comments Off on February 14th, 2017: XLE (Energy) Chart Update

February 8th, 2017: XLE Chart Update

Posted by pugsma on February 8, 2017

XLE price has reached a critical support area here at 70.65 if the Inverse Head and Shoulders (IHS) pattern is play out to significantly higher highs into the end of year 2017.  XLE price has already bounced from 70.65 up to 71.85 turning positive for the day.  Good chance that a daily bullish hammer candle will form on XLE, which often sets a key bottom.

XLE 60-min chart:

pug-xle-60-min-2-8-17

XLE 4-hr chart:

pug-xle-4-hr-2-8-17

XLE daily chart:

pug-xle-daily-2-8-17

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February 2nd, 2017: XLE Chart Update

Posted by pugsma on February 2, 2017

XLE price has reached the key area of the IHS neck-line of 71.94 and the daily chart up-channel trend-line.

XLE 4-hr chart:

pug-xle-4-hr-2-2-17

XLE daily chart:

pug-xle-daily-2-2-17

Posted in Add-On Service, XLE | Tagged: | Comments Off on February 2nd, 2017: XLE Chart Update