Spdr(r) S&p(r) Oil & Gas Exploration & Production Etf ETF Forecast

Buy or Hold candidate since Jul 13, 2026 Gain 6.90%

The SPDR(R) S&P(R) OIL & GAS EXPLORATION & ETF price gained 1.59% on the last trading day (Wednesday, 22nd Jul 2026), rising from $173.83 to $176.59. During the last trading day the ETF fluctuated 1.61% from a day low at $175.15 to a day high of $177.97. The price has risen in 6 of the last 10 days and is up by 9.01% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 353 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $461.28 million.

Given the current short-term trend, the ETF is expected to fall -7.41% during the next 3 months and, with a 90% probability hold a price between $137.62 and $163.51 at the end of this 3-month period. Do note, that if the ETF price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

XOP Signals & Forecast

Mostly positive signals in the chart today. The SPDR(R) S&P(R) OIL & GAS EXPLORATION & ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $169.68 and $161.87. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 24, 2026, and so far it has risen 15.40%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for SPDR(R) S&P(R) OIL & GAS EXPLORATION & ETF

SPDR(R) S&P(R) OIL & GAS EXPLORATION & finds support from accumulated volume at $174.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $2.82 between high and low, or 1.61%. For the last week, the ETF has had daily average volatility of 1.75%.

The SPDR(R) S&P(R) OIL & GAS EXPLORATION & ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the ETF manages to break the trend before that occurs.

Our recommended stop-loss: $167.74 (-5.01%) (This ETF has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 19 days ago.)

Trading Expectations (XOP) For The Upcoming Trading Day Of Thursday 23rd

For the upcoming trading day on Thursday, 23rd we expect SPDR(R) S&P(R) OIL & GAS EXPLORATION & PRODUCTION ETF to open at $176.57, and during the day (based on 14 day Average True Range), to move between $174.57 and $178.61, which gives a possible trading interval of +/-$4.04 (+/-2.32%) up or down from last closing price. If SPDR(R) S&P(R) OIL & GAS EXPLORATION & PRODUCTION ETF takes out the full calculated possible swing range there will be an estimated 2.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $177.72 (0.64%) than the support at $174.73 (1.05%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is SPDR(R) S&P(R) OIL & GAS EXPLORATION & PRODUCTION ETF ETF A Buy?

Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold to a Buy candidate.

Current score: 3.021 Buy Candidate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on July 23, 2026 - $176.57 ( 0.0113%).

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