The Energy Select Sector SPDR ETF - (XLE) - includes all the big energy companies. Prices have rallied since early November and they are back to an area of overhead chart resistance beginning around $55.
Let's check out a few charts.
In this daily bar chart of XLE, below, we can see the late October price low around $29 followed by the rally to the $54 area by early March. There were corrections in December and January but prices kept rising. The XLE is trading above the rising 50-day moving average line as well as above the rising 200-day line. Notice the bullish golden cross of the 50-day and 200-day lines in late December.
The On-Balance-Volume (OBV) line has moved higher to follow the price action but the line has become stalled in March. The Moving Average Convergence Divergence (MACD) oscillator has turned lower in March for a take profit sell signal.