XOP Forecast + Trading Strategies


Bullish Case: XOP has demonstrated a consistent uptrend over varying time spans from a week to five years, showcasing resilience and potential for further upward movement.


Bearish Case: Despite recent price stability, the flatter term structure suggests a lack of strong market convictions which potentially foreshadows stagnation or minor declines in XOP stock.


Potential Outcomes: Three likely scenarios for XOP:

1) Positive gain post-Q2 earnings (40% chance).

2) Stagnation due to market uncertainty (30% chance).

3) Decline after earnings due instability in oil markets and geopolitical tensions (30% chance).


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April 30, 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



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.98)


ERX Forecast + Options Trading Strategies   ERX  Direxion Daily Energy Bull 2X Shares (0.97)


OVV Forecast + Options Trading Strategies   OVV  Ovintiv (0.95)


OXY Forecast + Options Trading Strategies   OXY  Occidental Petroleum (0.94)


CNX Forecast + Options Trading Strategies   CNX  CNX Resources (0.94)



Uncorrelated Stock Forecasts

Assets with little price relationship to XOP



NEE Forecast + Options Trading Strategies   NEE  NextEra Energy (-0.0)


RH Forecast + Options Trading Strategies   RH  RH - (0.0)


IMPP Forecast + Options Trading Strategies   IMPP  Imperial Petroleum (-0.0)


BCYC Forecast + Options Trading Strategies   BCYC  Bicycle Therapeutics Plc (0.0)


F Forecast + Options Trading Strategies   F  Ford Motor (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against XOP



XEL Forecast + Options Trading Strategies   XEL  Xcel Energy (-0.75)


SONY Forecast + Options Trading Strategies   SONY  Sony Group Corporation (-0.76)


LW Forecast + Options Trading Strategies   LW  Lamb Weston (-0.77)


SAGE Forecast + Options Trading Strategies   SAGE  Sage Therapeutics (-0.78)


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





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