Concho Resources Inc (CXO) Stock Technical Analysis
NYSE:CXO - New York Stock Exchange, Inc. -
Taking everything into account, CXO scores 7 out of 10 in our technical rating. 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.
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
66.27
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
65.6
-4.2 (-6.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-6.02%
1 Week0.68%
2 Weeks12.43%
1 Month6.49%
3 Month34.98%
6 Month30.06%
12 Month-27.19%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.55
ATR(20)%3.7%
ATR Inc59.39%
Range Today4.52
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.37
Mansfield0.1
10 Day High70.44
10 Day Low57.19
20 Day High70.44
20 Day Low56.42
52 Week High89.94
52 Week Low33.13
CS1 End58.94
CR1 Start65.61
Volume & EV
DER(3)2.72%
DER(5)1.89%
Volume18.05M
Volume Incr218.76%
Vol(5)5.53M
Vol(50)2.79M