Bullish Case: XOP's upward price trajectory [Helium][Helium][Helium][Helium], low AI forecast correlation [Helium], and bullish risk exceeding bearish risk [Helium] suggest potential for further gains.


Bearish Case: Flat term structure [Helium], minimal difference in implied volatility forecasts [Helium], and historically negative returns [Helium] indicate risk of price stagnation or decline.


Potential Outcomes: Price increase (45%): driven by recent gains and bullish risk assessment. Price stagnation (35%): due to flat term structure. Price decline (20%): historical negativity


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April 02, 2024


SPDR Oil & Gas Exploration and Production Forecast

XOP        SPDR Oil & Gas Exploration and Production
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with XOP



OVV Forecast + Options Trading Strategies   [OVV]  Ovintiv (0.96)


CNX Forecast + Options Trading Strategies   [CNX]  CNX Resources (0.95)


MTDR Forecast + Options Trading Strategies   [MTDR]  Matador Resources (0.95)


XLE Forecast + Options Trading Strategies   [XLE]  Energy Select Sector SPDR (0.95)


NOG Forecast + Options Trading Strategies   [NOG]  Northern Oil and Gas (0.93)



Uncorrelated Stock Forecasts

Assets with little price relationship to XOP



WCC Forecast + Options Trading Strategies   [WCC]  Wesco International (0.0)


EXTR Forecast + Options Trading Strategies   [EXTR]  Extreme Networks (0.0)


ZG Forecast + Options Trading Strategies   [ZG]  Zillow (0.0)


QYLD Forecast + Options Trading Strategies   [QYLD]  Global X NASDAQ 100 Covered Call (0.0)


SNBR Forecast + Options Trading Strategies   [SNBR]  Sleep Number (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against XOP



TGTX Forecast + Options Trading Strategies   [TGTX]  TG Therapeutics (-0.76)


XEL Forecast + Options Trading Strategies   [XEL]  Xcel Energy (-0.78)


LW Forecast + Options Trading Strategies   [LW]  Lamb Weston (-0.79)


PRFT Forecast + Options Trading Strategies   [PRFT]  Perficient (-0.83)


DRIP Forecast + Options Trading Strategies   [DRIP]  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.99)


XOP News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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