NYSEARCA:XLE - NYSE Arca - US81369Y5069 - ETF - Currency: USD
Overall XLE gets a technical rating of 0 out of 10. XLE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, XLE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 79.97, a Stop Loss order could be placed below this zone.
75.68
When analyzing the support we can see 2 important areas.
3 important resistance areas can be observed.
81.24
-0.15 (-0.18%)