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Archive
- 10/23/2026 -
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SPDR Oil & Gas Exploration & Production (XOP) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth consecutive positive week for the SPDR Oil & Gas Exploration & Production (XOP). During the week, the XOP climbed 1.31 points, or 0.65%, and closed at 201.69 on Friday, October 23, 2026. Weekly volume was -31% below average.
 Long-term trend: [See XOP long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 99.00 and reached 203.60 on October 23, 2026. XOP gained -104.60 points, or -105.66%, in 80 weeks. Price is near the trend high.
 Medium-term trend: [See XOP medium-term trend chart]
A medium-term uptrend had started on June 24, 2026 at 150.37 and reached 203.60 on October 23, 2026. XOP gained -53.23 points, or -35.40%, in 17 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 184.04 and resistance is at 216.32. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See XOP weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since August 14, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
Short-term trend: [See XOP short-term trend chart]
A short-term uptrend had started on October 22, 2026 at 193.06 and reached 203.60 on October 23, 2026. XOP gained -10.54 points, or -5.46%, in 1 days. The price is now at the 18.12% retracement level.
 Daily Technical Indicators: [See XOP daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence.
The daily MACD line is above its signal line since October 6, 2026. This is an indication that the short-term trend is up.
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