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.
MarketClub’s Trade Triangles for XLE
The long-term trend has been DOWN since May 7th, 2019 at 63.330
The intermediate-term trend has been UP since Jul 21st, 2020 at 38.519
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).