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Archive
- 8/22/2025 -
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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 4 consecutive negative weeks for the SPDR Oil & Gas Exploration & Production (XOP). During the week, the XOP gained 4.10 points, or 3.29%, and closed at 128.62 on Friday, August 22, 2025. It was the best weekly gain since June 13, 2025. Weekly volume was -34% 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 82.78 and resistance is at 134.93. 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 20.61% 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 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.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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