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Archive
- 8/15/2025 -
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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 first positive week after 4 consecutive negative weeks for the SPDR Oil & Gas Exploration & Production (XOP). During the week, the XOP gained 1.53 points, or 1.24%, and closed at 124.52 on Friday, August 15, 2025. Weekly volume was -8% below average.
 Long-term trend: [See XOP long-term trend chart]
A long-term downtrend had started on April 12, 2024 at 162.49 and reached 99.00 on April 9, 2025. XOP lost 63.49 points, or 39.07%, in 51 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 83.65 and resistance is at 135.33. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern 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 136.31 on June 18, 2025. XOP gained -37.31 points, or -37.69%, in 10 weeks. The price is now at the 31.60% retracement level.
 Weekly Technical Indicators: [See XOP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since May 23, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 July 11, 2025 at 133.74 and reached 121.46 on August 11, 2025. XOP lost 12.28 points, or 9.18%, in 31 days. The chart has formed a Broadening Descending Wedge chart pattern.
Daily Technical Indicators: [See XOP daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since July 14, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
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