XLE sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for XLE moved above the 200-day moving average on August 23, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where XLE advanced for three days, in of 340 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 288 cases where XLE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for XLE moved out of overbought territory on September 15, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 similar instances where the indicator moved out of overbought territory. In of the 39 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on September 20, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on XLE as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for XLE turned negative on September 20, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 .
XLE broke above its upper Bollinger Band on September 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Energy
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| NAD | 10.46 | 0.04 | +0.38% |
| Nuveen Quality Municipal Income Fund | |||
| GBUY | 25.51 | 0.09 | +0.35% |
| Goldman Sachs Future Consumer Equity ETF | |||
| GSEW | 60.33 | -0.16 | -0.26% |
| Goldman Sachs Equal Wght US Lg Cp Eq ETF | |||
| OEUR | 26.09 | -0.09 | -0.33% |
| ALPS O'Shares Europe Quality Div ETF | |||
| FLYU | 29.95 | -1.27 | -4.06% |
| MicroSectors™ Travel 3X Leveraged ETNs | |||
XLE and
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 100% 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% | +0.17% | ||
| FENY - XLE | 100% Closely correlated | +0.24% | ||
| IYE - XLE | 100% Closely correlated | +0.04% | ||
| VDE - XLE | 100% Closely correlated | +0.22% | ||
| IXC - XLE | 98% Closely correlated | +0.22% | ||
| DRLL - XLE | 98% Closely correlated | +0.10% | ||
More | ||||