DMI (Directional Movement Index): DMI is composed of 3 lines, DI+ (green line), DI- (red line) and ADX (blue line).
This is an indication that the stock has lost downward momentum and could be changing its current trend. To evaluate the trading action in XLE, I am using 2 technical indicators in the chart below: RSI (Relative Strength Index): You will notice that RSI almost touched the oversold region on Nov. In the chart below, I am using the SPDR Energy ETF (XLE), which is an ETF that tracks the performance of companies in the energy sector like Chevron, Exxon Mobil, Pioneer Natural Resources and Valero. When markets go into oversold or overbought conditions, it is common to see counter-trend rallies. However, markets don't usually go up or down in a straight line. The energy sector has been beaten down since September and is stuck in a downtrend. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower
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