US energy ETF · open buy, week 11
XLE gains 1.3% and breaks its run of lower highs on the daily chart
Our view last week
XLE drops 3.5% and slides toward its 50-day moving average, in the 61.8 area, a week after brushing its highs. Price action keeps sellers ahead for a 4th straight week, and money flow, still positive, has been easing for 2 weeks. In this XLE technical analysis, the US energy sector ETF keeps its weekly buy signal alive, with the swing trading setup up 7.6% since entry.
This week's summary
XLE has broken the run of 5 lower highs that had shaped its daily chart since Sep 10: on Oct 2 a close rose above the last one, in the 63 area. A week ago XLE, the US energy sector ETF, was sliding toward its 50-day moving average; this week it gains 1.3% and weekly money flow turns up again. In this XLE technical analysis the weekly buy signal stays live and price action improves, with the swing trading setup up 8.9% since entry.
IQS Phase
63
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#54 / 93
US stocks in progress
Trade P&L %
+8.91%
from signal to date, no stop loss
Energy US (XLE) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 54th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 55 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLE
Sector regimein positive regime
Performanceweekly +1.26% · monthly -3.50%
XLE belongs to the etf settoriale sector (reference ETF XLE). The sector is classified in positive regime according to our weekly reading.
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