REX NEWS why is Rex American Resources Corporation price falling or rising

REX NEWS reasons for why stock price of Rex American Resources Corporation is falling or rising

REX Rex American is falling or rising technical reasons

Technical analysis forecast for Rex American Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Rex American REX at this time. Stock is falling and might fall more.

It appears as if Rex American REX gave a large move recently.

Stock of Rex American (REX) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Rex American is bearish for shortterm, and stock might move down till 55.7 or till 54.3. Use a stoploss of 56.85 and if the stock hits stoploss, then it can shoot up till 58

REX Rex American is falling or rising NEWS fundamental reasons

India sees forex reserves as main tool to manage bond index inflows The Reserve Bank of India plans to absorb the inflows and match the outflows using its near-record high 2 billion reserves - NEWS as on 2024-05-16 business-standard.com

More announcements and NEWS

REX Rex American Resources Corporation current price & indicator signals

Moving Averages for Rex American Resources Corporation

  • 5Day Average: 57.21
  • 12Day Average: 57.54
  • 20Day Average: 57.01
  • 50Day Average: 53.64
  • 100Day Average: 48.66
  • 150Day Average: 45.94
  • 200Day Average: 44.18

REX Indicators & signals

Indicator MACD (12,26,9)

57.24, 56.35, 1.24
Indicator MACD is in positive zone

Indicator ADX (14)

15.07, 23.73, 17.51
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of REX Rex American Resources Corporation are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Fri May 2024 56.60 56.10 to 57.06 0.44% 0.79 times
16 Thu May 2024 56.35 55.94 to 56.94 -1.18% 0.73 times
15 Wed May 2024 57.02 56.72 to 58.87 -1.96% 0.7 times
14 Tue May 2024 58.16 57.06 to 58.72 0.45% 0.93 times
13 Mon May 2024 57.90 57.56 to 60.09 -2.15% 1.01 times
10 Fri May 2024 59.17 57.95 to 60.41 -0.6% 1.02 times
09 Thu May 2024 59.53 57.91 to 59.56 2.96% 1.32 times
08 Wed May 2024 57.82 57.15 to 58.36 0.36% 1.16 times
07 Tue May 2024 57.61 57.50 to 58.50 0.03% 0.87 times
06 Mon May 2024 57.59 57.29 to 58.96 0.81% 1.14 times
03 Fri May 2024 57.13 55.45 to 57.23 2.75% 1.12 times
02 Thu May 2024 55.60 54.45 to 55.77 1.22% 0.68 times

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REX NEWS why is Rex American Resources Corporation price falling or rising

 

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