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Archive
- 3/21/2025 -
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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 second positive week after 3 consecutive negative weeks for the SPDR Oil & Gas Exploration & Production (XOP). During the week, the XOP gained 4.50 points, or 3.55%, and closed at 131.40 on Friday, March 21, 2025. It was the best weekly gain since January 17, 2025. XOP was trading at average weekly trading volume.
 Long-term trend: [See XOP long-term trend chart]
A long-term uptrend had started on August 19, 2021 at 71.48 and reached 170.62 on June 8, 2022. XOP gained -99.14 points, or -138.70%, in 41 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 128.12 and resistance is at 158.49. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See XOP medium-term trend chart]
A medium-term downtrend had started on April 12, 2024 at 162.49 and reached 118.40 on March 5, 2025. XOP lost 44.09 points, or 27.13%, in 46 weeks. The chart has formed a Descending Triangle chart pattern. The trend support level is at 124.81 and resistance is at 143.15. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern 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 February 21, 2025. This is an indication that the medium-term trend is down. 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 25, 2024 at 149.80 and reached 118.40 on March 5, 2025. XOP lost 31.40 points, or 20.96%, in 100 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 117.42 and resistance is at 141.37. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.
 Daily Technical Indicators: [See XOP daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily 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.
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 moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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