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

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is an equity ETF focused on the energy sector, specifically on oil and gas exploration and production companies in the USA. As a sector-specific ETF, its performance is closely tied to the overall health of the energy industry.

Key economic drivers for XOP include crude oil prices, global demand for energy, and geopolitical events that impact oil production and supply chains. The ETFs holdings are likely to be sensitive to changes in oil prices, with higher prices generally benefiting the underlying companies. Key performance indicators (KPIs) to watch for XOP include the price of West Texas Intermediate (WTI) crude oil, the Henry Hub natural gas price, and the overall production levels of the underlying companies.

The ETFs support and resistance levels indicate potential price points where the market may experience buying or selling pressure. Notably, the support levels at $119.6 and $113.6 represent potential floors for the ETFs price, while the resistance levels at $137.5 and $132.6 represent potential ceilings. Breaking through these levels could signal significant price movements.

With an AUM of $1842.60M USD, XOP is a sizable ETF with a significant presence in the market. Its liquidity, as indicated by an average volume of 2,787,700 shares, makes it relatively easy to enter or exit positions. As an investor, its essential to monitor the ETFs price action in relation to its support and resistance levels, as well as the overall trends in the energy sector.