SPDR Oil & Gas Equipment & Services ETF (XES)

[alex62]

During the past week, SPDR Oil & Gas Equipment & Services (XES) rose 0.21 points, or 1.13%, to 18.74. The SPDR Oil & Gas Equipment & Services weekly downtrend started on August 31, 2015 at 21.78 and reached 17.21 on October 02, 2015, making 20.98% drop in five weeks.

The price has reached its lowest level since April 2009. Volume was 251% above average. Expansion of range and high volume means that there is increased interest in the stock. XES has a selling climax signal. A selling climax is a sign of distribution and is often the first sign that a trend is running out of steam. Daily Lane's Stochastic main line (K%) crossed above the oversold signal line (D%). XES price is below 20 and 50 Day Moving Average. Relative Strength Index is oversold in a monthly and weekly time frames. Williams' Percentage Range is strongly oversold in a monthly, weekly, and daily time frames. Lane's Stochastic is oversold in a monthly and daily time frames.