US energy ETF
XLE climbs 2.8% and closes in on record highs, but the signal is losing steam
Our view last week
After last week's pullback, XLE reverses course: the US energy sector ETF gains 7.7% and closes back in within a whisker of its all-time highs, just 2.5% away. The technical analysis shows the MACD back in a bullish cross and the weekly averages fully aligned, but under the surface volume is contracting and buyer dominance is fading — a caveat worth watching just as price nears the breakout.
This week's summary
XLE, the US energy sector ETF, gains 2.8% this week and closes back within a whisker of its record highs, just 1.6% away. The weekly structure stays solid, with the averages aligned and the MACD back above its signal line, but weekly volume is contracting and the buy signal, running for 5 weeks now, shows early signs of fading. The trade is already up 10.33% and has hit 2 of the 3 targets from our most advanced model: the stop has been moved to breakeven, zeroing out the risk.
IQS Phase
71
in tension
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#92 / 167
US stocks in progress
Trade P&L %
+10.33%
from signal to date, no stop loss
Rank position
ranks 92nd among the 167 Longs already running for US stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLE
Sector regimein strong phase
Performanceweekly +2.79% · monthly +7.50%
XLE belongs to the etf settoriale sector (reference ETF XLE). The sector is classified in strong phase according to our weekly reading.
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