NYSEARCA:XOP - NYSE Arca - US78468R5569 - ETF - Currency: USD
Taking everything into account, XOP scores 1 out of 10 in our technical rating. XOP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, XOP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 113.64. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 113.25, a Stop Loss order could be placed below this zone.
110.13
When analyzing the support we notice one important area.
5 important resistance areas can be observed.
113.29
+0.15 (+0.13%)