Index Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
Energy Select Sector SPDR Fund (GIF:XLE)
Bear Market Rally (-75) - XLE is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on XLE as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid XLE?
MarketClub looks at technical strength and momentum to determine if the timing is right for XLE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XLE
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for XLE
Based on our trend formula, XLE is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).