Concho Resources Technical Analysis (NYSE:CXO)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Concho Resources stock price data and volume are plotted in CXO stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Concho Resources. Technical analysis uses an approach for Concho Resources stock analysis that does not care for the fair value of a company but uses price and volume data only.
Concho Resources Moving Average
Moving averages show the CXO stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Concho Resources are mostly signals of long term trends and will help long term traders.
Concho Resources Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Concho Resources. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Concho Resources bollinger bands.
Concho Resources Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Concho Resources MACD line is below the signal line.
Concho Resources Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of CXO stock is 33.17.