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- 1/8/2021 -
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SPDR Oil & Gas Exploration & Production (XOP)

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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 3 consecutive negative weeks for the SPDR Oil & Gas Exploration & Production (XOP). During the week, the XOP gained 7.00 points, or 11.97%, and closed at 65.50 on Friday, January 8, 2021. It was the best weekly gain since November 13, 2020. Weekly volume was 8% above average.

Long-term trend: [See XOP long-term trend chart]
A long-term uptrend had started on April 16, 2020 at 38.38 and reached 67.38 on January 7, 2021. XOP gained -29.00 points, or -75.56%, in 38 weeks. The price is now at the 6.48% retracement level.

Medium-term trend: [See XOP medium-term trend chart]
A medium-term uptrend had started on October 29, 2020 at 38.39 and reached 67.38 on January 7, 2021. XOP gained -28.99 points, or -75.51%, in 10 weeks. The price is now at the 6.48% retracement level.

Weekly Technical Indicators: [See XOP weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 November 13, 2020. 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 December 29, 2020 at 57.04 and reached 67.38 on January 7, 2021. XOP gained -10.34 points, or -18.13%, in 9 days. The price is now at the 18.18% retracement level.

Daily Technical Indicators: [See XOP daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.73
Williams' Percentage Range (W%R) 1.80
Strong Overbought
Lane's Stochastic (%D-Slow) 81.96
Overbought
Greed/Fear Indicator (GFI) 80.95
Overbought
Moving Average Converg./Diverg. (MACD) 1.94
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.69
Williams' Percentage Range (W%R) 0.70
Strong Overbought
Lane's Stochastic (%D-Slow) 86.59
Overbought
Greed/Fear Indicator (GFI) 82.61
Overbought
Moving Average Converg./Diverg. (MACD) 0.93
Trading Signals
Description Value Chart
Daily Stochastic Crossing 65.95
Upper Bollinger Band 65.79
Price 65.50
Weekly Stochastic Crossing 64.20
20 Day Moving Average 60.73
Parabolic System 60.01
Lower Bollinger Band 54.99
50 Day Moving Average 54.71
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 57.04
Low Date 12/29/2020
High 67.38
High Date 01/07/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.04
Low Date 12/29/2020
High 67.38
High Date 01/07/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 55.94
Low Date 12/21/2020
High 67.38
High Date 01/07/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 38.39
Low Date 10/29/2020
High 67.38
High Date 01/07/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 38.38
Low Date 04/16/2020
High 67.38
High Date 01/07/2021
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.

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