XEG re-entry LongNice long pullback in this once, this is a little anticipatory as feeling we're going to see a pullback in in US markets, this one usually heads the opposite direction.
Key stats
About ISHARES S&P/TSX CAPPED ENERGY INDEX ETF AT XTSE
Home page
Inception date
Mar 19, 2001
Structure
Canadian Mutual Fund Trust (ON)
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Eligible dividends
Income tax type
Capital Gains
Primary advisor
BlackRock Asset Management Canada Ltd.
The fund invests in Canadian stocks from the S&P/TSX Composite, classified by GICS as an energy sector company. However, the underlying index excludes midstream and downstream energy production specifically, the GICS subindustries oil & gas refining & marketing and oil & gas storage & transportation. It also excludes the coal & consumable fuels subindustries. The committee-selected index applies a 25% cap to single constituents and usually undergoes quarterly rebalance. XEG currently employs a replicating strategy wherein it invests in securities in considerably the same proportions as they are represented in the underlying index.
Classification
What's in the fund
Exposure type
Energy Minerals
Stock breakdown by region
Value Hunting in CanadaFor those value hunting out there, there is better breadth up here in Canada as according to Frances Horodeslki, 118 of the 226 components (52 per cent) are beating the TSX this year compared to only 25 per cent in the U.S. High interest rates have also hit certain segments like the banks, utilities
XEG Long entrySimple longer term swing on this energy ETF. Still in a large sideways wedge. Due to this keeping position size low.
TSX Energy XEG 12.66 2022 Low and more ?I was overweight energy for most of 2022 selling my exposure around the summer and the remaining in the fall.
It was not and easy decision but the trend in WTI and Brent prices was too bearish to ignore.
Seems to me now It's only a matter of time we take out the 2022 low of 12.66, the more intriguin
TSX Energy Monthly and Weekly breakoutWe have the Monthly and Weekly candles already 2 to the upside.
I am looking for continuation to the upside the rest of the month with crude prices seemingly having found a bottom.
Favorite pick in sector is ENB / CVE / WCP
We need that monthly candle to remain green 2 to the upside to stay long
XEG-T - iShares S&P/TSX Capped Energy Index ETFHello everybody,
We are looking at XEG-T today. We are short term bullish. We believe a bearish flag is forming. We will enter a limit sell order at $8.80 which is in contact with the upper band trendline for half the position. We will continue to hold the other half of the position and look to mak
XEG: Canadian Energy a bit More Energetic?The daily chart gives me a little more optimism in the recovery of this beleaguered ETF and energy stocks in general. As I noted in my previous analysis, XEG has been in a downward channel for the last 10 years - wow!
Is there a chance of recovery? If it breaks $8.20 level we can see the price appr
XEG: Will the downtrend ever end?XEG has been in the downtrend for over 10 years (!) all the way till it hit its lows at $2.54 in March 2020. But then a bounce happened that seems to be able to sustain momentum on the monthly chart.
Will the downtrend ever end?
I expect it to at least reach the upper bound of the downtrend channe
XEG Canadian Oil safer playThis one is part of iShares and as such it contains the safest of the Canadian Energy Companies. The distribution is garbage right now with 0.02 /q but the history of this one has distributions as high as 0.08 in recent (2 years) history. A decent way to ride energy up. Not saying we are in a bull m
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.