Daily Performance Report for XLE ETF: Nov 6, 2024
Summary: The day started with XLE ETF opening at $90.32 and closing at $93.33. The ETF showed resilience throughout the day, with the highest price observed at $94.27 and the lowest at $90.28. The underlying asset had a trading range of $3.99 Overall, it was a positive trading day for XLE ETF, reflecting investor optimism and market activity.
Change in Closing Price: There was a net increase of $3.01 or 3.33% in the closing price from the opening to the closing price over the day.
Volume Analysis: Trading volume for XLE ETF was 24,943,292 units during Nov 6, 2024, indicating active market participation and investor interest.
Opening Price: The day started at $90.32.
Highest Price: The highest price observed during the day was $94.27.
Lowest Price: The lowest price observed during the day was $90.28.
Closing Price: The day ended at $93.33.
Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.
-3.57%
Represents the percentage change in asset value over the past month.
3.67%
Indicates the percentage change in asset value over the last three months.
13.74%
The highest percentage drop from the peak value to the lowest point during the observed period.
17.39%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
0.51
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
0.64
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.
Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:
Type/Period | |
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SMA | |
EMA | |
WMA | |
WEMA |
Pivot Points are used to determine potential support and resistance levels. Here’s a breakdown of the latest Pivot Points for various methods:
Type | S3 | S2 | S1 | PIVOT | R1 | R2 | R3 |
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Technical Indicators are tools used to analyze market trends and make predictions. Here’s a summary of some key indicators:
Indicator | Value | Details |
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Candlestick patterns are crucial in technical analysis, providing visual insights into market sentiment and potential price movements. This section analyzes various candlestick patterns over a specified range of recent candles to identify any significant formations that might indicate future market trends. Each pattern is evaluated based on the latest candle data to determine if it matches known patterns of bullish or bearish signals.
The tool utilizes real-time price data to scan for these patterns, displaying results with timestamps to help understand the context of each detected pattern.
Timestamp | Pattern | Found |
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Pattern | Support |
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This section provides a detailed overview of historical price data for the selected asset. The table below captures key metrics such as open, high, low, and close prices as well as volume and vwap for each trading period. Analyzing historical prices helps in understanding past market trends and volatility, enabling better-informed decisions for future trading strategies.
Timestamp | Open | High | Low | Close | Volume | VWAP | Change |
---|---|---|---|---|---|---|---|
11/06/2024 08:00 PM | 94.21 | 94.24 | 93.55 | 93.57 | 5,979,004 | 93.90 | -0.64 -0.68% |
11/06/2024 07:00 PM | 93.89 | 94.27 | 93.82 | 94.21 | 2,046,656 | 94.06 | +0.32 +0.34% |
11/06/2024 06:00 PM | 93.56 | 93.96 | 93.50 | 93.89 | 1,473,676 | 93.72 | +0.33 +0.35% |
11/06/2024 05:00 PM | 93.31 | 93.61 | 93.22 | 93.55 | 2,263,095 | 93.48 | +0.24 +0.26% |
11/06/2024 04:00 PM | 93.56 | 93.65 | 93.10 | 93.32 | 2,864,529 | 93.31 | -0.24 -0.26% |
11/06/2024 03:00 PM | 92.49 | 93.64 | 92.46 | 93.56 | 3,801,798 | 93.14 | +1.07 +1.16% |
11/05/2024 08:00 PM | 89.86 | 90.17 | 89.79 | 90.15 | 2,347,273 | 89.99 | +0.29 +0.32% |
11/05/2024 07:00 PM | 89.86 | 89.97 | 89.76 | 89.87 | 1,551,495 | 89.87 | +0.01 +0.01% |
11/05/2024 06:00 PM | 90.13 | 90.13 | 89.67 | 89.86 | 975,653 | 89.89 | -0.27 -0.30% |
11/05/2024 05:00 PM | 90.28 | 90.40 | 90.10 | 90.12 | 767,068 | 90.28 | -0.16 -0.18% |
11/05/2024 04:00 PM | 90.18 | 90.35 | 90.05 | 90.28 | 1,329,920 | 90.22 | +0.10 +0.11% |
11/05/2024 03:00 PM | 90.09 | 90.29 | 89.86 | 90.18 | 1,350,272 | 90.09 | +0.09 +0.10% |
11/04/2024 08:00 PM | 89.42 | 89.67 | 89.40 | 89.57 | 4,009,079 | 89.55 | +0.15 +0.17% |
11/04/2024 07:00 PM | 89.43 | 89.58 | 89.36 | 89.41 | 822,839 | 89.47 | -0.02 -0.02% |
11/04/2024 06:00 PM | 89.43 | 89.48 | 89.10 | 89.43 | 1,382,872 | 89.35 | 0.00 0.00% |
11/04/2024 05:00 PM | 89.18 | 89.56 | 89.09 | 89.43 | 654,302 | 89.35 | +0.25 +0.28% |
11/04/2024 04:00 PM | 89.50 | 89.55 | 89.09 | 89.18 | 1,403,781 | 89.38 | -0.32 -0.36% |
11/04/2024 03:00 PM | 89.29 | 89.71 | 89.16 | 89.50 | 1,495,272 | 89.48 | +0.21 +0.24% |
11/01/2024 07:00 PM | 88.22 | 88.33 | 87.85 | 88.00 | 3,729,289 | 88.03 | -0.22 -0.25% |
11/01/2024 06:00 PM | 88.10 | 88.28 | 87.98 | 88.22 | 1,341,486 | 88.15 | +0.12 +0.14% |
11/01/2024 05:00 PM | 88.44 | 88.57 | 88.01 | 88.10 | 1,144,468 | 88.26 | -0.34 -0.38% |
11/01/2024 04:00 PM | 88.82 | 89.03 | 88.34 | 88.42 | 1,095,780 | 88.72 | -0.40 -0.45% |
11/01/2024 03:00 PM | 88.95 | 89.06 | 88.73 | 88.81 | 1,005,649 | 88.94 | -0.14 -0.16% |
11/01/2024 02:00 PM | 89.52 | 89.72 | 88.73 | 88.94 | 1,589,968 | 89.31 | -0.58 -0.65% |
10/31/2024 07:00 PM | 89.04 | 89.22 | 88.58 | 88.59 | 4,979,315 | 88.91 | -0.45 -0.51% |
10/31/2024 06:00 PM | 88.53 | 89.08 | 88.42 | 89.03 | 3,933,593 | 88.78 | +0.50 +0.56% |
10/31/2024 05:00 PM | 88.53 | 88.71 | 88.36 | 88.52 | 1,179,935 | 88.54 | -0.01 -0.01% |
10/31/2024 04:00 PM | 88.51 | 88.81 | 88.41 | 88.53 | 1,026,913 | 88.55 | +0.02 +0.02% |
10/31/2024 03:00 PM | 88.63 | 88.80 | 88.47 | 88.51 | 1,187,768 | 88.66 | -0.12 -0.14% |
10/31/2024 02:00 PM | 89.07 | 89.26 | 88.57 | 88.64 | 1,417,189 | 88.88 | -0.43 -0.48% |
10/30/2024 07:00 PM | 88.14 | 88.20 | 87.85 | 88.02 | 2,913,247 | 88.02 | -0.12 -0.14% |
10/30/2024 06:00 PM | 88.09 | 88.34 | 88.04 | 88.13 | 813,223 | 88.17 | +0.04 +0.05% |
10/30/2024 05:00 PM | 88.02 | 88.28 | 87.97 | 88.09 | 855,031 | 88.10 | +0.07 +0.08% |
10/30/2024 04:00 PM | 88.53 | 88.57 | 88.02 | 88.02 | 727,017 | 88.30 | -0.51 -0.58% |
10/30/2024 03:00 PM | 88.33 | 88.73 | 88.14 | 88.52 | 1,552,365 | 88.53 | +0.19 +0.22% |
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Take Action NowKey performance metrics for XLE include its net asset value (NAV), expense ratio, total return, and tracking error. NAV represents the per-share value of the ETF, the expense ratio indicates the cost of managing the fund, total return measures overall performance including dividends, and tracking error shows how closely XLE follows the Energy Select Sector Index.
Yes, investing in XLE carries risks such as sector risk and commodity price risk. The energy sector is highly sensitive to fluctuations in oil and gas prices, geopolitical events, and regulatory changes. Additionally, the sector can be affected by environmental policies and shifts toward renewable energy.
XLE includes companies that are part of the energy sector of the S&P 500. This sector comprises firms involved in the exploration, production, and distribution of oil, natural gas, and other energy resources. Major holdings often include companies such as ExxonMobil, Chevron, and ConocoPhillips.
XLE is designed to closely track the performance of the Energy Select Sector Index. Thus, its performance should be very similar to that of the index, with minor variations due to tracking error and management fees.
XLE is rebalanced quarterly to align with changes in the Energy Select Sector Index. This rebalancing ensures that the ETF continues to accurately reflect the index.
Yes, XLE can be held in retirement accounts such as IRAs or 401(k)s. It can be a suitable choice for investors seeking targeted exposure to the energy sector within their retirement portfolio.
Similar ETFs to XLE include the iShares U.S. Energy ETF (IYE) and the Vanguard Energy ETF (VDE). These ETFs also focus on the energy sector but may have different methodologies or specific exposures.
Historically, XLE has shown performance that reflects the trends of the energy sector. Performance can vary based on energy prices, economic conditions, and the performance of individual companies within the sector.
XLE is managed by State Street Global Advisors. The fund replicates the Energy Select Sector Index by holding the same stocks in similar proportions. Management involves periodic rebalancing to maintain accurate reflection of the index.
Investors can purchase shares of XLE through a brokerage account, similar to other stocks and ETFs. It is traded on the New York Stock Exchange (NYSE) under the ticker symbol "XLE."
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