XES SPDR® S&P Oil & Gas Equipment&Svcs ETF Forecast, Technical & Fundamental Analysis
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the oil and gas equipment and services segment of a U... Show more
XES's RSI Indicator recovers from oversold territory
The RSI Oscillator for XES moved out of oversold territory on March 14, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 23 similar instances when the indicator left oversold territory. In of the 23 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on March 17, 2025. You may want to consider a long position or call options on XES as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for XES just turned positive on March 17, 2025. Looking at past instances where XES's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where XES advanced for three days, in of 341 cases, the price rose further within the following month. The odds of a continued upward trend are .
XES may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 60 cases where XES's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where XES declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for XES entered a downward trend on March 13, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category Energy
XES and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, XES has been closely correlated with OIH. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if XES jumps, then OIH could also see price increases.
| Ticker / NAME | Correlation To XES | 1D Price Change % | ||
|---|---|---|---|---|
| XES | 100% | +0.69% | ||
| OIH - XES | 98% Closely correlated | +0.08% | ||
| IYE - XES | 92% Closely correlated | +0.26% | ||
| RSPG - XES | 88% Closely correlated | +0.46% | ||
| XOP - XES | 87% Closely correlated | +0.98% | ||
| FENY - XES | 86% Closely correlated | +0.23% | ||
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