US energy ETF · open long, week 12
XLE gains 3.6% and returns to the doorstep of its all-time high as MACD turns up
Our view last week
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.
This week's summary
XLE, the US energy sector ETF, adds 3.6% and moves back within 2% of its all-time high in the 66 area, approached this week without being cleared. A week ago it had just broken its run of lower highs on the daily chart: now price action follows through and the MACD histogram turns up after 3 weeks of decline. In this XLE technical analysis the weekly buy signal stays live, with the swing trading setup up 12.8% since entry, while money flow eases.
IQS Phase
65
in tension
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#64 / 92
US stocks in progress
Trade P&L %
+12.83%
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 64th among the 92 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 +3.60% · monthly -0.35%
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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