SS SPDR S&P OG EXP & PROD (XOP) Stock Technical Analysis
USA - NYSEARCA:XOP - US78468R5569 - ETF
Overall XOP gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, XOP is a bad performer.
Although the technical rating is only medium, XOP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 133.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 130.19, a Stop Loss order could be placed below this zone.
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118.35
3 important support areas can be observed.
- A support zone ranging from 125.80 to 130.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 121.81 to 123.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @119.55 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 133.36 to 134.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 137.25 to 137.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @139.94 from a horizontal line in the daily time frame.
- Resistance @146.48 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for XOP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XOP is up. |
| ChartMill Relative Strength | 36.63 | NEUTRAL | XOP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XOP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XOP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of XOP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.48 | NEUTRAL | The RSI value for XOP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.76 | POSITIVE | The MACD value suggests XOP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.01 | NEUTRAL | The Stochastics value for XOP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for XOP suggests some volalility. |
| Average Directional Index/ADX (14) | 15.5 | NEGATIVE | The low ADX value for XOP suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 134.82 | 125.79 | 9.03 (6.70%) | 14.93% |
| An entry @134.82. This is a Buy Stop order right above the resistance zone. | An exit @125.79. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 9.03 points, which is 6.70%. | When investing 14.93% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
131.44
-2.57 (-1.92%)
SS SPDR S&P OG EXP & PROD / XOP FAQ
What is the technical rating for XOP stock?
ChartMill assigns a technical rating of 6 / 10 to XOP.
What is the trend direction for XOP stock?
The current trend direction for SS SPDR S&P OG EXP & PROD (XOP) is Bullish.
Can you provide the RSI signal for SS SPDR S&P OG EXP & PROD?
SS SPDR S&P OG EXP & PROD (XOP) has an RSI value of 54.4806. This indicates that the stock is currently neutral.
What is the short term momentum for SS SPDR S&P OG EXP & PROD (XOP) stock?
The short term momentum for SS SPDR S&P OG EXP & PROD (XOP) is positive.
What is the buy/sell signal for SS SPDR S&P OG EXP & PROD (XOP) stock?
The buy/sell signal for SS SPDR S&P OG EXP & PROD (XOP) is buy as both the short term and long term trends are positive.