Index Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
SPDR S&P Oil & Gas Exploration & Production ETF (GIF:XOP)
Bull Market Weakness (+75) - XOP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XOP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid XOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for XOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XOP
The long-term trend has been UP since Mar 30th, 2020 at 24.4820
The intermediate-term trend has been UP since Mar 30th, 2020 at 14.3080
The short-term trend has been DOWN since May 29th, 2020 at 52.5138
Smart Scan Analysis for XOP
Based on our trend formula, XOP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).