Xerox Technical Analysis (NYSE:XRX)
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. Just by looking at the Xerox stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the XRX stock chart which creates a trading signal.
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 Xerox. The technical analysis form of Xerox stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Xerox Moving Average
Moving averages show the average price of XRX stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $30.46 is below the last closing price of $31.1 and the 50 day moving average of $31.01 is below the last closing price of $31.1. The 10 and 20 day periods can predict short term moving average trends.
Xerox Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the XRX stock. Currently the stock price of $31.1 is in the upper range of Xerox bollinger bands.
Xerox 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 Xerox MACD indicator can be used to identify bullish and bearish trends for the stock.
Xerox 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 . If the RSI of XRX stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.