XLE Stock Summary and Trading Ideas (Energy Select Sector SPDR | ARCA:XLE)

The Energy Select Sector SPDR Fund before expenses seeks to closely match the returns and characteristics of the Energy Select Sector Index (ticker: IXE).

Energy Select Sector SPDR trades on the ARCA stock market under the symbol XLE.

As of April 19, 2024, XLE stock price climbed to $94.97 with 16,416,759 million shares trading.

XLE has a beta of 0.52, meaning it tends to be less sensitive to market movements. XLE has a correlation of 0.10 to the broad based SPY ETF.

XLE has a market cap of $40.72 billion. This is considered a Large Cap stock.

In the last 3 years, XLE stock traded as high as $98.97 and as low as $45.14.

XLE stock has underperformed the market in the last year with a return of +13.1%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in XLE shares. However, XLE has outperformed the market in the last 3 month and 2 week periods, returning +19.8% and -2.1%, while SPY returned +4.3% and -3.5%, respectively. This indicates XLE has been having a stronger performance recently.

XLE support price is $92.88 and resistance is $94.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that XLE stock will trade within this expected range on the day.