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Archive
- 12/7/2018
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SPDR Oil & Gas Exploration & Production |
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the SPDR Oil & Gas Exploration & Production (XOP). During the week, the XOP dropped -1.18 points, or -3.60%, and closed at 31.58 on Friday, December 07, 2018. Weekly volume was 52% above average.
 Long-term trend: [See XOP long-term trend chart]
A long-term uptrend had started on August 21, 2017 at 28.96 and reached 45.45 on July 10, 2018. XOP gained -16.49 points, or -56.94%, in 46 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (34.51) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.
 Medium-term trend: [See XOP medium-term trend chart]
A medium-term downtrend had started on July 10, 2018 at 45.45 and reached 30.77 on December 6, 2018. XOP lost 14.68 points, or 32.30%, in 21 weeks. The price is now at the 5.52% retracement level.
 Weekly Technical Indicators: [See XOP weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since August 3, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 November 7, 2018 at 38.30 and reached 30.77 on December 6, 2018. XOP lost 7.53 points, or 19.66%, in 29 days. The price is now at the 10.76% retracement level.
 Daily Technical Indicators: [See XOP daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since November 28, 2018. The distance between MACD and the signal line is low and getting smaller.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
38.30 |
| High Date |
11/07/2018 |
| Low |
30.77 |
| Low Date |
12/06/2018 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
44.81 |
| High Date |
10/04/2018 |
| Low |
30.77 |
| Low Date |
12/06/2018 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
45.45 |
| High Date |
07/10/2018 |
| Low |
30.77 |
| Low Date |
12/06/2018 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Broken Support |
| Resistance |
50.24 |
| Support |
34.51 |
| Low |
28.96 |
| Low Date |
08/21/2017 |
| High |
45.45 |
| High Date |
07/10/2018 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
22.06 |
| Low Date |
01/20/2016 |
| High |
45.45 |
| High Date |
07/10/2018 |
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