(XOP) Trading Report

Longer Term Trading Plans for XOP

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short XOP slightly under 115.41, target n/a, stop loss @ 115.74 Details

The technical summary data is suggesting a short of XOP as it gets near 115.41, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 115.74. 115.41 is the first level of resistance above 101.91, and by rule, any test of resistance is a short signal. In this case, if resistance 115.41 is being tested, so a short signal would exist.

Swing Trading Plans for XOP

• Buy XOP slightly over 115.41, target 115.79, Stop Loss @ 115.08 Details

If 115.41 begins to break higher, the technical summary data tells us to buy XOP just slightly over 115.41, with an upside target of 115.79. The data also tells us to set a stop loss @ 115.08 in case the stock turns against the trade. 115.41 is the first level of resistance above 101.91, and by rule, any break above resistance is a buy signal. In this case, 115.41, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short XOP slightly near 115.41, target 101.21, Stop Loss @ 115.74. Details

The technical summary data is suggesting a short of XOP if it tests 115.41 with a downside target of 101.21. We should have a stop loss in place at 115.74 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 115.41, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for XOP

• Buy XOP slightly over 102.18, target 115.41, Stop Loss @ 101.94 Details

If 102.18 begins to break higher, the technical summary data tells us to buy XOP just slightly over 102.18, with an upside target of 115.41. The data also tells us to set a stop loss @ 101.94 in case the stock turns against the trade. 102.18 is the first level of resistance above 101.91, and by rule, any break above resistance is a buy signal. In this case, 102.18, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short XOP slightly near 102.18, target 101.21, Stop Loss @ 102.42. Details

The technical summary data is suggesting a short of XOP if it tests 102.18 with a downside target of 101.21. We should have a stop loss in place at 102.42 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 102.18, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Spdr Oil & Gas Exploration And Production Etf (XOP) available here: XOP.

XOP Ratings for April 08:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	115.41
P2	91.86	101.21	127.03
P3	102.18	115.79	137.53

AI Generated Signals for XOP

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