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Uptrend Broken SupportArchive
- 7/18/2025 -
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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 the negative week for the SPDR Oil & Gas Exploration & Production (XOP). During the week, the XOP dropped -3.66 points, or -2.75%, and closed at 129.41 on Friday, July 18, 2025. XOP was trading at average weekly trading volume.
 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 87.14 and resistance is at 136.95. 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 18.49% retracement level.
 Weekly Technical Indicators: [See XOP weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. During the last week, weekly 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 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 relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 126.22 on July 16, 2025. XOP lost 7.52 points, or 5.62%, in 5 days. The price is now at the 42.42% retracement level.
 Daily Technical Indicators: [See XOP daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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