EXTRACTION O&G Technical Analysis (NASDAQ:XOG)
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 XOG stock chart pattern can give those who understand technical analysis an indication of which way XOG stock is headed, but cannot predict with 100% certainty as to what can happen to the EXTRACTION O&G stock price.
See EXTRACTION O&G bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of EXTRACTION O&G stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
EXTRACTION O&G Moving Average
Moving averages show the average price of XOG 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 $13.71 is above the price of $11.64.
EXTRACTION O&G Bollinger Bands
Bollinger bands comprise of a center line usually XOG SMA, and two XOG 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. EXTRACTION O&G bollinger bands show that the stock price is $11.64, upper band is 16.51, lower band is 10.91, and the average is 13.71.
EXTRACTION O&G 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 EXTRACTION O&G MACD indicator is above 0 indicating a bullish trend.
EXTRACTION O&G 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 XOG stock is 25.51.