Extraction Oil & Gas Inc (XOG) Stock Technical Analysis
USA - NASDAQ:XOG -
Taking everything into account, XOG scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, XOG is showing a nice and steady performance.
Although XOG 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
36.79
We found 5 important support areas.
- A support zone ranging from 65.89 to 66.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @64.39 from a horizontal line in the daily time frame.
- Support @47.46 from a trend line in the weekly time frame.
- Support @41.98 from a trend line in the daily time frame.
- Support @37.16 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 XOG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XOG is up. |
| ChartMill Relative Strength | 99.98 | POSITIVE | XOG has a high relative strength, it outperformed 99.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XOG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XOG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XOG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.46 | NEUTRAL | The RSI value for XOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests XOG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 72.85 | NEUTRAL | The Stochastics value for XOG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for XOG suggests some volalility. |
NASDAQ:XOG (11/1/2021, 8:41:27 PM)
68.54
+1.91 (+2.87%)
Extraction Oil & Gas Inc / XOG FAQ
What is the technical rating for XOG stock?
ChartMill assigns a technical rating of 8 / 10 to XOG.
Can you provide the trend direction for Extraction Oil & Gas Inc?
The current trend direction for Extraction Oil & Gas Inc (XOG) is Bullish.
What is the RSI signal for XOG stock?
Extraction Oil & Gas Inc (XOG) has an RSI value of 69.4551. This indicates that the stock is currently neutral.
What is the short term momentum for Extraction Oil & Gas Inc (XOG) stock?
The short term momentum for Extraction Oil & Gas Inc (XOG) is positive.
What is the support and resistance level for XOG stock?
Extraction Oil & Gas Inc (XOG) has a support level at 66.12. Check the full technical report for our detailed analysis of XOG support and resistance levels.