Cimarex Energy Company (XEC) Stock Technical Analysis
NYSE:XEC - New York Stock Exchange, Inc. -
We assign a technical rating of 10 out of 10 to XEC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, XEC is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, XEC did better than 97% of all other stocks. On top of that, XEC also shows a nice and consistent pattern of rising prices.
XEC is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 98% of 213 stocks in the same industry.
XEC is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so XEC is leading 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.
Although XEC 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
56.80
88.07
We found 3 important support 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.
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. |
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)
87.2
-2.8 (-3.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-3.11%
1 Week9.99%
2 Weeks12.36%
1 Month32.99%
3 Month18.3%
6 Month35.36%
12 Month262.13%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.89
ATR(20)%4.11%
ATR Inc43.38%
Range Today4.19
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
CRS97.58
Mansfield4.68
10 Day High92.51
10 Day Low74.84
20 Day High92.51
20 Day Low66.56
52 Week High92.51
52 Week Low22.86
CS1 End75.9
CR1 StartN/A
Volume & EV
DER(3)-2.72%
DER(5)-1.94%
Volume7.11M
Volume Incr199.99%
Vol(5)3.72M
Vol(50)1.19M