SPDR Select Sector Fund - Energy Select SectorTelah dikemas kini QUARTERLY XLE-ENERGY STRUCTURALLY DETAILED TA-2019 (+MACD/RSI)
Safe to say that post 2014 (and even earlier) the renewables have become a serious competition to the traditional part of the XLE sector(coal/gas/oil).
Crucial note: Breaking of the black trendline, could symbolize the start of a recession as this would mean that inflation expectation have decreased.
In any case, this is just a brief analysis, everything is on the chart. There's really not much to say, XLE hasn't performed well in the last 5 years(blue text) compared to other sectors.
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Crucial note: Breaking of the black trendline, could symbolize the start of a recession as this would mean that inflation expectation have decreased.
In any case, this is just a brief analysis, everything is on the chart. There's really not much to say, XLE hasn't performed well in the last 5 years(blue text) compared to other sectors.
>>If you liked this idea give it a thumbs up! Every follow is much appreciated!>>
Full Disclosure: This is just an opinion, you decide what to do with your own money. For any further references- contact me.
Nota
Quarterly XLE RSI. Could possibly look for a breakout to the top of the black trendline.
Nota
Quarterly XLE MACD. Similarly to the RSI, however currently it does seem bearish.
Nota
Monthly XLE.
Nota
Seems that 80-81$ is the central resistance here. Anything below 80$-75$ I would consider a bearish or poor performing market.
-Step_Ahead_ofthemarket-
Nota
Creating a new format in which this analysis would be EPISODE 2.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.