Cimarex Energy Technical Analysis (NYSE:XEC)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Cimarex Energy stock price data and volume are plotted in XEC 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 Cimarex Energy. Technical analysis uses an approach for Cimarex Energy stock analysis that does not care for the fair value of a company but uses price and volume data only.
Cimarex Energy Moving Average
Moving averages help predict the price direction of XEC stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $95.48 is above the price of $86.53.
Cimarex Energy Bollinger Bands
Bollinger bands comprise of a center line usually XEC SMA, and two XEC 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. The stock price is trading between the average and the lower band in the context of Cimarex Energy bollinger bands.
Cimarex Energy Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Cimarex Energy MACD line is below the signal line.
Cimarex Energy Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of XEC stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.