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Archive
- 1/9/2026 -
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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 -1.55 points, or -1.20%, and closed at 127.41 on Friday, January 9, 2026. Weekly volume was 13% above average.
 Long-term trend: [See XOP long-term trend chart]
A long-term downtrend had started on June 8, 2022 at 170.62 and reached 99.00 on April 9, 2025. XOP lost 71.62 points, or 41.98%, in 148 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 94.91 and resistance is at 155.83. 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 long-term trend.
 Medium-term trend: [See XOP medium-term trend chart]
A medium-term downtrend had started on December 5, 2025 at 139.48 and reached 123.16 on January 7, 2026. XOP lost 16.32 points, or 11.70%, in 4 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See XOP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 19, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 January 5, 2026 at 131.85 and reached 123.16 on January 7, 2026. XOP lost 8.69 points, or 6.59%, in 2 days. The price is now at the 48.91% retracement level.
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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
During the last week, the price has declined below 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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