Concho Resources Inc (CXO) Stock Technical Analysis
USA - NYSE:CXO -
Overall CXO gets a technical rating of 7 out of 10. Although CXO is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although CXO has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
40.15
2 important support areas can be observed.
- A support zone ranging from 56.76 to 58.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @40.56 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @65.61 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CXO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CXO is up. |
| ChartMill Relative Strength | 36.37 | NEUTRAL | CXO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CXO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CXO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CXO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.51 | NEUTRAL | The RSI value for CXO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests CXO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.59 | OVERBOUGHT | The high Stochastics value suggests CXO may be overbought. |
| Average True Range in percent/ATR (20) | 3.7 | MEDIUM VOLATILITY | The ATR as a percentage value for CXO suggests some volalility. |
65.6
-4.2 (-6.02%)
Concho Resources Inc / CXO FAQ
Can you provide the ChartMill technical rating for Concho Resources Inc?
ChartMill assigns a technical rating of 7 / 10 to CXO.
Can you provide the trend direction for Concho Resources Inc?
The current trend direction for Concho Resources Inc (CXO) is Bullish.
What is the RSI signal for CXO stock?
Concho Resources Inc (CXO) has an RSI value of 58.5127. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for Concho Resources Inc?
The buy/sell signal for Concho Resources Inc (CXO) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for Concho Resources Inc?
Concho Resources Inc (CXO) has a support level at 58.94 and a resistance level at 65.61. Check the full technical report for our detailed analysis of CXO support and resistance levels.