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XLE trade ideas

Energy printing fresh highs within weeksHere's a better chart than the one shared in October, showing that energy has been consolidating above an upward sloping triangle formation, over 900 days in the making . With just under 4% remaining to reach prior highs set in April, fresh highs could be just weeks away. Looking at the height of the triangle to project potential gains, there could be a whopping 30% upside ahead. Lately I've stepped back to ponder the fundamental underpinnings of this move. During the same period, the price of oil has cratered by 40%. Charting XLE/BRENT shows an astonishing double during the bullish XLE triangle formation Could it be something to do with the hot war in Ukraine? Anecdotally we know OPEC+ (Saudio Aramco et al) has continued to hold on output increases, while their western peers (XLE) are pushing more product than ever. One theory is XLE companies have taken market share to account for the decline in prices. Two questions remain: would oil prices in the $40's be enough to tank XLE shares? if XLE can hold historic value during a deeper oil price decline, where could its valuation be headed during the next bull cycle in oil?
AMEX:XLELong
by quickshiftinn
XLE BearLong Term Bearish on XLE The deflation narrative is now the contrarian narrative . However, XLE the SPDR Energy giant is signaling a hefty drop on the 3M stochastic RSI . This signal has been produced 3 times in the last two decades leading to multiple 50%+ drops in value of the fund. The 5-wave impulsive move looking for a similar 3 wave a-b-c corrective wave down to it's most recent corrective wave. The yield curve un-inversion (zoom in on a 10Y/02Y) is signaling the opposite of the media narrative of higher rates for longer (pending Trump). However, I believe bond bulls are preparing for economically stormy waters in equities. XLE appears to reflect this. Considering Jan '27 70P's for wave A with a PT of 55-65$. Not financial advice! . . . . . . Proverbs 14:12 There is way that seems right to a man, but it's path that leads to destruction. Psalm 119:105 Your word is a lamp to my feet and a light to my path. Acts 4:11 This Jesus is the stone that was rejected by you, the builders, which has become the cornerstone.
AMEX:XLEShort
by rhall6451
XLE Long DailyAsset Class: Indices Income Type: Daily Symbol: XLE Trade Type: Long Trends: Short Term: Up Long Term: UP Set-Up Parameters: Entry: 90.44 Stop: 89.22 TP 93.70 (2.8:1) Trade idea: Retest of 1H demand zone formed by a drop-base-rally near the breakout level, SL is a bit lower to cover the deeper RBR structure as the price might test tis liquidity. TP set at the nearest SZ with a 2.8:1 risk-reward ratio. The RSI is oversold. !!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry. Trade management: **When price hits 1:1 or T1, consider moving stop to entry in case of pullback. **Disclaimer**: The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
AMEX:XLELong
by MESHANL
1
XLE AT A INTERESTING PRICE WHEN LOOKING AT THE PASTDoes this mean anything? Yes and no. you need more to go on than just this to project the move, however, if you assume middle trend is where this price wants to go to stabilize, and you see we are at a major spot when it comes to horizontal support. I really can't tell yet where it goes. The upside percentage is far less than the potential downside percentage. Upside is favored, but again, I can't really tell on this one to say anything other than, it's at a horizontal mark that has been historically important.
AMEX:XLE
by nicktussing77
Energy vs Tech : Analyzing Sector Performance and Market TrendsIntroduction: The comparison between the energy sector (XLE) and the technology sector (XLK) provides valuable insights into current market trends. As the largest sector in the S&P 500, XLK often serves as a barometer for broader market strength. Conversely, when XLE outperforms XLK, it may signal caution, as XLE's smaller size limits its impact on the overall index. Analysis: Sector Comparison: XLK's performance is crucial in indicating market health. When XLK outperforms, it generally suggests a robust market outlook. On the other hand, if XLE starts to outperform XLK, this may indicate potential weakness in broader market conditions. Inflationary Pressures: This ratio between XLE and XLK also reflects inflationary trends. A strong performance from XLE relative to XLK may signal rising inflationary pressures, which investors should closely monitor. Charting the Pattern: The energy sector has formed an inverted saucer pattern. A breakout from this pattern could signify a positive upward trend and possibly a return to inflation. Trade Setup: Entry Point: Monitor the XLE/XLK ratio for a potential breakout confirmation. Stop Loss: Consider setting a stop loss below the recent support level identified on the chart. Target Price: Set a target based on the measured move from the breakout point of the inverted saucer pattern. Conclusion: The comparative performance of XLE and XLK offers essential insights into market dynamics and inflationary pressures. Traders should keep an eye on the potential breakout from the inverted saucer pattern in XLE, as it may indicate a shift in market trends. What are your thoughts on this analysis? Share your insights in the comments! Charts: (Include relevant charts showing the XLE/XLK ratio and the inverted saucer pattern) #Energy #Technology #MarketTrends #Inflation #XLE #XLK
AMEX:XLE
by Richtv_official
XLE: Rising Wave PatternTechnical analysis chart of the Energy Select Sector SPDR Fund (XLE), with Elliott wave analysis overlaid. Let's break down the analysis based on the chart and labels: Overall Analysis: The chart suggests a bullish trend for XLE, based on the Elliott wave structure. It indicates that we have completed wave ((4)) of wave V and are now in the unfolding wave ((5)). Within wave ((5)), we have started wave (1), and are currently in wave (3) of (1). Wave Counts and Labels: V Red: This represents the fifth and final wave of a larger Elliott wave pattern. ((4)) Black: The fourth corrective wave within V. ((5)) Black: The fifth and final impulsive wave within V. (1) Blue: The first impulsive wave within ((5)). 1 Red: The first wave within (1). 2 Red: The second corrective wave within (1). 3 Red: The third impulsive wave within (1) (currently unfolding). Price Projection and Invalidation as per Waves: Bullish Projection: The chart suggests a potential target of 105 for wave ((5)). Invalidation Level: A break below 83.02 would invalidate the current bullish analysis. Educational Notes: Elliott wave theory is a technical analysis tool that identifies patterns in price movements based on a series of five waves. Impulsive waves (1, 3, 5) move in the direction of the overall trend, while corrective waves (2, 4) move in the opposite direction. Wave labels use brackets to indicate different levels of analysis. For example, ((5)) is a larger wave than (1). Colors are often used to visually differentiate between different waves and patterns. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
AMEX:XLELong
by RK_Chaarts
$XLE Downtrend I have wanted to be bullish on the energy sector, but this chart tells me it is in a downtrend. We have a series of lower highs and lower lows. There seems to be some horizontal support around $86. However, that has been violated on the last lower low. I am terrible at shorting stocks, so I’ll stay on the sidelines unless or until the AMEX:XLE puts in a higher low AND breaks above the upper downtrend line. All TBD. (I took a trade on AMEX:XLE on Sept 16 when it both broke above the horizontal resistance line AND moved above the low set on Aug 5th. I closed it yesterday for a 3% gain as I could see it struggling to get up and over the DT Line.) Comments always welcome. Thanks for looking.
AMEX:XLE
by jaxdog
Is oil signalling a recession? Oil has really started to free fall. The death cross on the daily chart has occurred. this is where the 50 MA intersects with the 200 MA in a downtrend. This often implies more downside to the medium and long term but is often a great short term long signal. Usually when you get this signal the market makers bounce the stock or commodity a bit before taking it lower. We are hitting a massive multi year trend line going back to 2022 that should act as some support. XLE looks ready for 1 more down leg before a swing tradable low is in. Energy does have a tendency to fall precipitously so understanding oil can keep falling if investors fear the worst or a recession.
Editors' picks
AMEX:XLE
by Trading-Capital
5
Opened (IRA): XLE August 16th 85 Monied Covered Call... for an 83.77 debit. Comments: Some of the only red on my ETF board ... . Here, selling the -75 delta call against a one lot to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. There is also a divvy to be had some time in June, with the last distribution being .73. Metrics: Buying Power Effect/Break Even: 83.77 Max Profit: 1.23 ($123) ROC at Max: 1.47% 50% Max: .62 ($62) ROC at 50% Max: .74%
AMEX:XLELong
by NaughtyPines
Energy - which way are we headed?Energy does not look good right now. XLE+XOP has an inverse correlation to the gold/oil ratio. The two only move into neutral and positive correlations for brief periods before one of them changes direction. Additionally, when the gold/oil ratio crosses 30 we’ve seen energy prices begin to fall to more extreme lows. The technicals above indicate gold is continuing higher . If we’re patient, this should lead to a very strong buying opportunity in energy. Oil recently tested and rejected the 200SMA. This makes it more likely that we see another test of the green AVWAP tied to the covid low than a retest of the red one from the March 2022 high.
AMEX:XLELong
by Ben_1148x2