Cimarex Energy Company (XEC) Technical Analysis
NYSE:XEC
Current stock price
XEC Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to XEC. Both in the recent history as in the last year, XEC has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, XEC did better than 97% of all other stocks. We also observe that the gains produced by XEC over the past year are nicely spread over this period.
- XEC is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. XEC outperforms 97% of them.
- XEC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month XEC has a been trading in the 66.56 - 92.51 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- XEC has an average volume of 1188950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
XEC Weekly and Daily overview Charts
XEC Setup Rating and Analysis
Although XEC 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
XEC Support and Resistance Analysis
56.80
When analyzing the support we can see 3 important areas.
- Support @75.90 from a horizontal line in the daily time frame.
- A support zone ranging from 61.40 to 62.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @57.37 from a horizontal line in the daily time frame.
XEC 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 XEC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XEC is up. |
| ChartMill Relative Strength | 97.58 | POSITIVE | XEC has a high relative strength, it outperformed 97.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XEC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XEC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XEC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.04 | OVERBOUGHT | The high RSI value suggests XEC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.04 | POSITIVE | The MACD value suggests XEC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.72 | NEUTRAL | The Stochastics value for XEC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.11 | MEDIUM VOLATILITY | The ATR as a percentage value for XEC suggests some volalility. |
XEC Chart- and CandleStick Pattern Analysis
XEC Technicals: Chart, Performance Metrics, Trend & Indicators
87.2
-2.8 (-3.11%)
Cimarex Energy Company / XEC TA FAQ
Can you provide the ChartMill technical rating for Cimarex Energy Company?
ChartMill assigns a technical rating of 10 / 10 to XEC.
Can you provide the trend direction for Cimarex Energy Company?
The current trend direction for Cimarex Energy Company (XEC) is Bullish.
What is the RSI signal for XEC stock?
Cimarex Energy Company (XEC) has an RSI value of 70.0383. This indicates that the stock is currently overbought.
What is the buy/sell signal for XEC stock?
The buy/sell signal for Cimarex Energy Company (XEC) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for Cimarex Energy Company?
Cimarex Energy Company (XEC) has a support level at 75.9. Check the full technical report for our detailed analysis of XEC support and resistance levels.