The Greedy Trader Weekly Analysis
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- 10/16/2026 -
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SPDR Oil & Gas Exploration & Production (XOP) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overbought
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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 8.86 points, or 4.63%, and closed at 200.38 on Friday, October 16, 2026. It was the best weekly gain since August 21, 2026. Weekly volume was -32% below average.

Long-term trend: [See XOP long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 99.00 and reached 200.89 on September 15, 2026. XOP gained -101.89 points, or -102.92%, in 74 weeks. Price is near the trend high.

Medium-term trend: [See XOP medium-term trend chart]
A medium-term uptrend had started on June 24, 2026 at 150.37 and reached 200.89 on September 15, 2026. XOP gained -50.52 points, or -33.60%, in 11 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 182.10 and resistance is at 213.56. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See XOP weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since August 14, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 October 15, 2026 at 193.85 and reached 200.49 on October 16, 2026. XOP gained -6.64 points, or -3.43%, in 1 days. Price is near the trend high.

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. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since October 6, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.99
Williams' Percentage Range (W%R) 19.40
Overbought
Lane's Stochastic (%D-Slow) 87.85
Overbought
Greed/Fear Indicator (GFI) 81.80
Overbought
Moving Average Converg./Diverg. (MACD) 1.81
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.02
Williams' Percentage Range (W%R) 9.40
Strong Overbought
Lane's Stochastic (%D-Slow) 67.25
Greed/Fear Indicator (GFI) 71.93
Moving Average Converg./Diverg. (MACD) 8.14
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 213.56
Upper Bollinger Band 204.51
Price 200.38
Daily Stochastic Crossing 198.99
Parabolic System 193.83
Weekly Stochastic Crossing 192.03
20 Day Moving Average 187.91
50 Day Moving Average 187.60
Quarterly Trendline Support 182.10
Lower Bollinger Band 177.59
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 193.85
Low Date 10/15/2026
High 200.49
High Date 10/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 193.85
Low Date 10/15/2026
High 200.49
High Date 10/16/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 176.47
Low Date 09/29/2026
High 200.86
High Date 10/14/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 213.56
Support 182.10
Low 150.37
Low Date 06/24/2026
High 200.89
High Date 09/15/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 99.00
Low Date 04/09/2025
High 200.89
High Date 09/15/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.