XLE Stalls at $44.20 Amid Bearish EMAs
BearishXLE (XLE) closed down 0.39% at $44.20 on December 29.
Technical indicators paint a bearish picture:
Moving Averages
Price sits below both the 9-day ($44.47) and 21-day ($44.75) EMAs, suggesting short-term weakness.
Momentum
RSI at 45.3 is in neutral territory but trending higher. MACD is bearish (-0.19 vs signal -0.04).