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Index Trend Analysis Report

Prepared for you on Friday, August 7, 2020.

Energy Select Sector SPDR Fund (GIF:XLE)

Crossroads (-60) - XLE is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

GIF_XLE
Open High Low XLE Price Change
37.421 37.421 36.384 36.688 -0.447
Entry Signal

MarketClub’s Trade Triangles for XLE

long term down The long-term trend has been DOWN since May 7th, 2019 at 63.330

intermediate term up The intermediate-term trend has been UP since Jul 21st, 2020 at 38.519

short term up The short-term trend has been UP since Aug 5th, 2020 at 37.702

Smart Scan Analysis for XLE

Based on our trend formula, XLE is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for XLE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
37.421 37.421 36.384 36.688 -0.447
Prev. Close Volume Bid Ask Time
38.782 0 2020-08-07 10:53:03
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