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Archive
- 7/24/2026 -
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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 third consecutive positive week for the SPDR Oil & Gas Exploration & Production (XOP). During the week, the XOP gained 3.87 points, or 2.27%, and closed at 174.05 on Friday, July 24, 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 downtrend resistance line (93.01) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. XOP may retest the broken resistance line. It is considered to be a support line now. 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 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 Rising Channel chart pattern. The uptrend resistance line (125.59) 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. The distance between MACD and the signal line is low and getting smaller. 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 June 24, 2026 at 150.37 and reached 180.50 on July 23, 2026. XOP gained -30.13 points, or -20.04%, in 29 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See XOP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 above its signal line since July 2, 2026. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (172.37) comes close to the price (174.05). It indicates that the trend is getting weaker. 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.
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