XLE's RSI Oscillator ascending out of oversold territory
The RSI Indicator for XLE moved out of oversold territory on December 31, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 23 similar instances when the indicator left oversold territory. In of the 23 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 02, 2025. You may want to consider a long position or call options on XLE as a result. In of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for XLE just turned positive on January 02, 2025. Looking at past instances where XLE's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where XLE advanced for three days, in of 356 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where XLE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for XLE entered a downward trend on January 02, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category Energy
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| CUT | 32.50 | 0.27 | +0.83% |
| Invesco MSCI Global Timber ETF | |||
| JHSC | 41.34 | 0.24 | +0.58% |
| JHancock Multifactor Small Cap ETF | |||
| HYLB | 36.47 | 0.04 | +0.11% |
| Xtrackers USD High Yield Corp Bd ETF | |||
| XPH | 43.73 | -0.25 | -0.57% |
| SPDR® S&P Pharmaceuticals ETF | |||
| SPAX | 20.06 | -0.12 | -0.60% |
| Robinson Alternative Yld Pr-Mrgr SPACETF | |||
XLE and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, XLE has been closely correlated with FENY. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if XLE jumps, then FENY could also see price increases.
| Ticker / NAME | Correlation To XLE | 1D Price Change % | ||
|---|---|---|---|---|
| XLE | 100% | +0.77% | ||
| FENY - XLE | 99% Closely correlated | +0.75% | ||
| IYE - XLE | 99% Closely correlated | +0.73% | ||
| VDE - XLE | 99% Closely correlated | +0.69% | ||
| FTXN - XLE | 98% Closely correlated | +0.51% | ||
| DRLL - XLE | 98% Closely correlated | +0.48% | ||
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