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CXO NEWS why is Concho Resources Inc. price falling or rising

CXO NEWS reasons for why stock price of Concho Resources Inc. is falling or rising

CXO Concho Resources is falling or rising technical reasons

Technical analysis forecast of Concho Resources Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Concho Resources CXO at this time. Stock is rising and might rise more.

It appears as if Concho Resources CXO gave a large move recently.

Stock of Concho Resources (CXO) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Concho Resources is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 67.7 as stoploss in an intra day sell trade for a target of 63.31. However, stock will show a bullish move above 67.7.

CXO Concho Resources is falling or rising NEWS fundamental reasons

More announcements and NEWS

CXO Concho Resources Inc. current price & indicator signals

Moving Averages for Concho Resources Inc.

  • 5Day Average: 67.88
  • 12Day Average: 64.04
  • 20Day Average: 61.72
  • 50Day Average: 58.94
  • 100Day Average: 52.64
  • 150Day Average: 52.49
  • 200Day Average: 53.13

CXO Indicators & signals

Indicator MACD (12,26,9)

64.94, 62.33, 1.97
Indicator MACD is in positive zone

Indicator ADX (14)

16.42, 29.89, 21.46
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 62
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CXO Concho Resources Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
15 Fri Jan 2021 65.60 64.60 to 69.12 -6.02% 9.58 times
14 Thu Jan 2021 69.80 68.25 to 70.44 1.75% 2.09 times
13 Wed Jan 2021 68.60 67.99 to 69.20 -0.85% 1.49 times
12 Tue Jan 2021 69.19 66.72 to 69.53 4.52% 1.01 times
11 Mon Jan 2021 66.20 63.39 to 66.67 1.6% 0.51 times
08 Fri Jan 2021 65.16 64.50 to 66.33 -0.02% 0.66 times
07 Thu Jan 2021 65.17 63.60 to 65.63 2.66% 0.7 times
06 Wed Jan 2021 63.48 61.17 to 64.09 4.01% 1.24 times
05 Tue Jan 2021 61.03 58.36 to 62.55 5.79% 1 times
04 Mon Jan 2021 57.69 57.19 to 59.34 -1.13% 0.88 times
31 Thu Dec 2020 58.35 57.75 to 58.74 0.15% 0.42 times
30 Wed Dec 2020 58.26 56.58 to 58.37 2.41% 0.43 times

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CXO NEWS why is Concho Resources Inc. price falling or rising

 

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