Concho Resources Inc (CXO) Technical Analysis
NYSE:CXO
Current stock price
CXO Technical Rating and Analysis
Overall CXO gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, CXO is a bad performer.
- 64% of all other stocks performed better in the past year than CXO.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month CXO has a been trading in the 56.42 - 70.44 range, which is quite wide. It is currently trading near the high of this range.
- CXO has an average volume of 2785970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CXO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CXO is lagging the market.
- Volume is considerably higher in the last couple of days.
CXO Weekly and Daily overview Charts
CXO Setup Rating and Analysis
Although CXO has an excellent technical rating, it does not present a decent entry opportunity 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
CXO Support and Resistance Analysis
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.
CXO Technical Indicator Signal Analysis
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. |
CXO Chart- and CandleStick Pattern Analysis
CXO Technicals: Chart, Performance Metrics, Trend & Indicators
65.6
-4.2 (-6.02%)
Concho Resources Inc / CXO TA FAQ
Can you provide the ChartMill technical rating for Concho Resources Inc?
ChartMill assigns a technical rating of 7 / 10 to CXO.
What is the trend direction for CXO stock?
The current trend direction for Concho Resources Inc (CXO) is Bullish.
What is the RSI signal for Concho Resources Inc (CXO) stock?
Concho Resources Inc (CXO) has an RSI value of 58.5127. This indicates that the stock is currently neutral.
What is the short term momentum for CXO stock?
The short term momentum for Concho Resources Inc (CXO) is positive.
What are the support and resistance levels for Concho Resources Inc (CXO) stock?
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.