(XES) SPDR S&P Oil & Gas - Ratings and Ratios

The SPDR® S&P Oil & Gas Equipment & Services ETF (XES) is designed to replicate the performance of the S&P Oil & Gas Equipment & Services Select Industry Index, a subset of the S&P Total Market Index (S&P TMI). The fund uses a sampling strategy to achieve its investment objective, typically allocating 80% to 100% of its assets to securities within the index. This index focuses on companies involved in the oil and gas equipment and services sector, providing exposure to a specific segment of the energy industry.

As of the latest data, the ETF has an average trading volume of 70,427 shares over the past 20 days, with a last price of $74.28. The funds short-term moving averages (SMA 20 and SMA 50) are currently at $78.65 and $80.09, respectively, while its long-term SMA 200 stands at $84.25. The Average True Range (ATR) of 1.92 indicates moderate price volatility. With assets under management (AUM) of $216.69 million, the ETF maintains a moderate size, balancing liquidity and diversification within the energy sector.

3-Month Forecast: Based on the provided data, the ETFs price is currently below its SMA 20, SMA 50, and SMA 200, suggesting potential downward pressure in the near term. However, the relatively low ATR of 1.92 indicates that volatility is manageable, which could limit significant price swings. The moderate AUM of $216.69 million suggests stable liquidity, supporting the ETFs ability to maintain its value without extreme fluctuations. Over the next three months, the fund is expected to remain range-bound, with potential resistance at the SMA 50 level of $80.09 and support near the SMA 200 level of $84.25.