REPORTING FOR 2019-11-06 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how CXO has been trading over the last 2 weeks and the past day especially. On its latest session, Concho Resources Inc. ($CXO) opened at 71.7, reaching a high of 74.3 and a low of 71.365 before closing at a price of 72.71. There was a total volume of 1972327.
VOLUME INDICATORS FOR CONCHO RESOURCES INC. ($CXO): We saw an accumulation-distribution index of 162.91681, an on-balance volume of -71.47, chaikin money flow of 1.25769 and a force index of 14.33905. There was an ease of movement rating of 0.03862, a volume-price trend of -6.03568 and a negative volume index of 1000.0.
VOLATILITY INDICATORS FOR CONCHO RESOURCES INC. ($CXO): We noted an average true range of 2.11865, bolinger bands of 72.03695, an upper bollinger band of 69.95805, lower bollinger band of 71.365, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 72.455, high band keltner channel of 69.855, low band keltner channel of 75.055, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 71.365, a donchian channel low band of 71.365, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND INDICATORS FOR CONCHO RESOURCES INC. ($CXO): We calculated a Moving Average Convergence Divergence (MACD) of -0.01649, a MACD signal of -0.00916, a MACD difference of -0.00733, a fast Exponential Moving Average (EMA) indicator of 71.365, a slow Exponential Moving Average (EMA) indicator of 71.365, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 1.24832, a trix of -0.94934, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of 6.81798, a KST Oscillator (KST) of -87.20544 and a KST Oscillator (KST Signal) of -87.20544 (leaving a KST difference of -2.35026). We also found an Ichimoku rating of 73.0, an Ichimoku B rating of 73.0, a Ichimoku visual trend A of 78.05598, an Ichimoku visual trend B of 75.03475, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.
MOMENTUM INDICATORS FOR CONCHO RESOURCES INC. ($CXO): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 19.58282, a True Strength Index (TSI) of -100.0, an ultimate oscillator of -75.58626, a stochastic oscillator of 112.88462, a stochastic oscillator signal of 112.88462, a Williams %R rating of 12.88462 and an awesome oscillator of -0.5955.
RETURNS FOR CONCHO RESOURCES INC. ($CXO): There was a daily return of -8.72054, a daily log return of -1.03526 and a cumulative return of -1.02992.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-06 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Concho Resources Inc. ($CXO)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Concho Resources Inc. ($CXO) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.