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.
>>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.
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.
הערה
Quarterly XLE RSI. Could possibly look for a breakout to the top of the black trendline.
הערה
Quarterly XLE MACD. Similarly to the RSI, however currently it does seem bearish.
הערה
Monthly XLE.
הערה
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-
הערה
Creating a new format in which this analysis would be EPISODE 2.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.