EXCO Resources Technical Analysis (OTCMKTS:XCOOQ)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The XCOOQ stock chart pattern can give those who understand technical analysis an indication of which way XCOOQ stock is headed, but cannot predict with 100% certainty as to what can happen to the EXCO Resources stock price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for EXCO Resources. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of EXCO Resources stock analysis.
EXCO Resources Moving Average
Moving averages show the average price of XCOOQ stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $0.94 is above the price of $0.07.
EXCO Resources Bollinger Bands
Bollinger bands comprise of a center line usually XCOOQ SMA, and two XCOOQ stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $0.07 is in the lower range of EXCO Resources bollinger bands.
EXCO Resources Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The EXCO Resources MACD indicator can be used to identify bullish and bearish trends for the stock.
EXCO Resources Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 6.83 is the RSI value of XCOOQ stock.