SPDR S&P OIL & GAS EXP & PR (XOP) Stock Technical Analysis
NYSEARCA:XOP - NYSE Arca - US78468R5569 - ETF - Currency: USD
We assign a technical rating of 5 out of 10 to XOP. In the past year, XOP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, XOP is a bad performer in the overall market: 78% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
XOP has an average volume of 4114890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
XOP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so XOP is lagging the market.
In the last month XOP has a been trading in the 118.77 - 136.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
XOP has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
118.35
147.94
When analyzing the support we can see 2 important areas.
- A support zone ranging from 125.15 to 127.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 119.55 to 120.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 133.36 to 134.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @137.47 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for XOP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XOP is up. |
| ChartMill Relative Strength | 22.77 | NEGATIVE | XOP has a low relative strength, it was outperformed by 77.23% off all stocks 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 | NEGATIVE | The current price of XOP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.08 | NEUTRAL | The RSI value for XOP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests XOP has a negative trend. |
| Stochastics (14,3) | 43.45 | NEUTRAL | The Stochastics value for XOP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for XOP suggests some volalility. |
| Average Directional Index/ADX (14) | 29.24 | POSITIVE | The high ADX value value for XOP suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
127.78
+1.64 (+1.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.3%
1 Week-4.54%
2 Weeks-0.56%
1 Month5.92%
3 Month-2.22%
6 Month-0.59%
12 Month-12.16%
2 Year-0.82%
3 Year6.95%
5 Year144.88%
10 Year-31.54%
15 Year-18.07%
Volatility
ATR(14)3.2
ATR(20)%2.48%
ATR Inc-37.4%
Range Today2.22
ADR(20)2.95
ADR(20)%2.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.77
Mansfield-0.92
10 Day High136.31
10 Day Low126.11
20 Day High136.31
20 Day Low118.77
52 Week High151.47
52 Week Low99.01
CS1 End127.77
CR1 Start133.36
Volume & EV
DER(3)-0.86%
DER(5)-0.83%
Volume2.93M
Volume Incr15.2%
Vol(5)5.16M
Vol(50)4.11M