The Greedy Trader Weekly Analysis
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- 6/26/2026 -
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SPDR Oil & Gas Exploration & Production (XOP) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineTrend resistance at 154.28
Daily :Williams' Percentage Range is oversoldStochastic has raised above the signal line
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It was a first positive week for the SPDR Oil & Gas Exploration & Production (XOP). During the week, the XOP climbed 1.32 points, or 0.86%, and closed at 154.68 on Friday, June 26, 2026. Weekly volume was -19% below average.

Long-term trend: [See XOP long-term trend chart]
A long-term downtrend had started on June 8, 2022 at 170.62 and reached 99.00 on April 9, 2025. XOP lost 71.62 points, or 41.98%, in 148 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (154.28). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See XOP medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 99.00 and reached 190.36 on March 30, 2026. XOP gained -91.36 points, or -92.28%, in 50 weeks. The chart has formed a Rectangle chart pattern. The uptrend resistance line (125.26) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See XOP weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since May 22, 2026. Use the following link to access a MACD help.

Short-term trend: [See XOP short-term trend chart]
A short-term downtrend had started on June 3, 2026 at 173.01 and reached 150.37 on June 24, 2026. XOP lost 22.64 points, or 13.09%, in 21 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See XOP daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 and Williams' Percentage Range help.

The daily MACD line is below its signal line since May 22, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.67
Williams' Percentage Range (W%R) 85.00
Oversold
Lane's Stochastic (%D-Slow) 23.59
Greed/Fear Indicator (GFI) 24.09
Moving Average Converg./Diverg. (MACD) -3.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.12
Williams' Percentage Range (W%R) 66.00
Lane's Stochastic (%D-Slow) 29.00
Greed/Fear Indicator (GFI) 35.01
Moving Average Converg./Diverg. (MACD) 8.84
Trading Signals
Description Value Chart
Upper Bollinger Band 173.11
50 Day Moving Average 166.94
20 Day Moving Average 161.75
Weekly Stochastic Crossing 158.92
Parabolic System 156.23
Price 154.68
Yearly Trendline Resistance 154.28
Daily Stochastic Crossing 152.29
Lower Bollinger Band 147.90
Quarterly Trendline Resistance 141.80
Quarterly Trendline Support 125.26
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 173.01
High Date 06/03/2026
Low 150.37
Low Date 06/24/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 181.67
High Date 05/05/2026
Low 150.37
Low Date 06/24/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 190.36
High Date 03/30/2026
Low 150.37
Low Date 06/24/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rectangle
Status Broken Resistance
Resistance 141.80
Support 125.26
Low 99.00
Low Date 04/09/2025
High 190.36
High Date 03/30/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 154.28
Support 93.31
High 170.62
High Date 06/08/2022
Low 99.00
Low Date 04/09/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.