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Archive
- 8/28/2026 -
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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 the negative week for the SPDR Oil & Gas Exploration & Production (XOP). During the week, the XOP dropped -3.60 points, or -1.90%, and closed at 185.94 on Friday, August 28, 2026. Weekly volume was -32% 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 191.24 on August 20, 2026. XOP gained -92.24 points, or -93.17%, in 71 weeks. The price is now at the 5.75% retracement level.
 Medium-term trend: [See XOP medium-term trend chart]
A medium-term uptrend had started on June 24, 2026 at 150.37 and reached 191.24 on August 20, 2026. XOP gained -40.87 points, or -27.18%, in 8 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 172.68 and resistance is at 193.78. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See XOP weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 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 August 26, 2026 at 180.19 and reached 187.18 on August 28, 2026. XOP gained -6.99 points, or -3.88%, in 2 days. The price is now at the 17.74% 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.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
 Candlestick pattern: [See XOP candlestick chart pattern]
On Friday the chart has formed a Bearish Advance Block Candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Advance Block Candlestick pattern during the last week.
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