The Greedy Trader Weekly Analysis
Sign In Jun 15, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 6/8/2018
Sign In to see current Signals.
Concho Resources
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversoldBroken trend support line
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineThe period of high volatility of the stock price
Move cursor over the icon to see details.

It was the negative week for the Concho Resources (CXO). During the week, the CXO gave back -0.93 points, or -0.72%, and closed at 128.28 on Friday, June 08, 2018. Weekly volume was 59% above average.

CXO is a member of Basic Materials Sector. Basic Materials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CXO long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 69.94 and reached 163.11 on May 2, 2018. CXO gained -93.17 points, or -133.21%, in 119 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 124.40 and resistance is at 164.27. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See CXO medium-term trend chart]
A medium-term uptrend had started on August 29, 2017 at 106.73 and reached 163.11 on May 2, 2018. CXO gained -56.38 points, or -52.82%, in 35 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend support line (138.52) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CXO may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See CXO weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 16, 2018. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See CXO short-term trend chart]
A short-term uptrend had started on June 5, 2018 at 123.63 and reached 131.81 on June 7, 2018. CXO gained -8.18 points, or -6.62%, in 2 days. The price is now at the 43.15% retracement level.

Daily Technical Indicators: [See CXO daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since May 10, 2018.

The distance between the Bollinger Bands is 127.41% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 19.88
Oversold
Williams' Percentage Range (W%R) 81.10
Oversold
Lane's Stochastic (%D-Slow) 18.82
Oversold
Greed/Fear Indicator (GFI) 19.21
Oversold
Moving Average Converg./Diverg. (MACD) -4.96
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.87
Williams' Percentage Range (W%R) 84.00
Oversold
Lane's Stochastic (%D-Slow) 44.90
Greed/Fear Indicator (GFI) 34.77
Moving Average Converg./Diverg. (MACD) 3.22
Trading Signals
Description Value Chart
Upper Bollinger Band 158.78
50 Day Moving Average 146.85
20 Day Moving Average 141.08
Quarterly Trendline Support 138.52
Weekly Stochastic Crossing 138.01
Parabolic System 129.99
Price 128.28
Daily Stochastic Crossing 127.78
Monthly Trendline Resistance 127.16
Yearly Trendline Support 124.40
Monthly Trendline Support 123.86
Lower Bollinger Band 118.97
Sector and Industry
Description Name Rank
Sector Basic Materials 10
Industry Oil & Gas Drilling/Explor 93
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 123.63
Low Date 06/05/2018
High 131.81
High Date 06/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 123.63
Low Date 06/05/2018
High 131.81
High Date 06/07/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 127.16
Support 123.86
High 163.11
High Date 05/02/2018
Low 123.63
Low Date 06/05/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 163.19
Support 138.52
Low 106.73
Low Date 08/29/2017
High 163.11
High Date 05/02/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 164.27
Support 124.40
Low 69.94
Low Date 01/20/2016
High 163.11
High Date 05/02/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

Copyright© 2004-2016 All rights reserved.