Extraction Oil & Gas Inc (XOG) Technical Analysis
NASDAQ:XOG
Current stock price
XOG Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to XOG. 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.
- The long and short term trends are both positive. This is looking good!
- XOG is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. XOG outperforms 100% of them.
- XOG 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 XOG is leading the market.
- In the last month XOG has a been trading in the 55.02 - 69.61 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that XOG is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
XOG Weekly and Daily overview Charts
XOG Setup Rating and Analysis
Although XOG 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
XOG Support and Resistance Analysis
36.79
When analyzing the support we can see 5 important 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.
XOG 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 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. |
XOG Chart- and CandleStick Pattern Analysis
XOG Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:XOG (11/1/2021, 8:41:27 PM)
68.54
+1.91 (+2.87%)
Extraction Oil & Gas Inc / XOG TA FAQ
What is the technical rating for XOG stock?
ChartMill assigns a technical rating of 8 / 10 to XOG.
What is the current trend direction of Extraction Oil & Gas Inc (XOG) stock?
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 MACD signal for XOG stock?
The MACD indicator for Extraction Oil & Gas Inc (XOG) has a value of -0.00698023, indicating a bearish trend.
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.