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Archive
- 12/13/2024 -
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Xerox Corp. (XRX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Xerox Corp. (XRX). During the week, the XRX gained 0.18 points, or 2.09%, and closed at 8.78 on Friday, December 13, 2024. Weekly volume was -25% below average.
 Long-term trend: [See XRX long-term trend chart]
A long-term downtrend had started on January 30, 2024 at 19.78 and reached 8.02 on October 29, 2024. XRX lost 11.76 points, or 59.45%, in 39 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (6.46) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a long-term trend.
 Medium-term trend: [See XRX medium-term trend chart]
A medium-term uptrend had started on October 29, 2024 at 8.02 and reached 9.46 on November 25, 2024. XRX gained -1.44 points, or -17.96%, in 3 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 8.35 and resistance is at 9.84. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See XRX 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 above its signal line since November 22, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See XRX short-term trend chart]
A short-term downtrend had started on December 11, 2024 at 9.08 and reached 8.54 on December 13, 2024. XRX lost 0.54 points, or 5.95%, in 2 days. The price is now at the 44.44% retracement level.
 Daily Technical Indicators: [See XRX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 18, 2024. The distance between MACD and the signal line is low and getting smaller.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
7 |
| Industry |
Technology Hardware, Storage & Peripherals |
50 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
9.08 |
| High Date |
12/11/2024 |
| Low |
8.54 |
| Low Date |
12/13/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
9.46 |
| High Date |
11/25/2024 |
| Low |
8.53 |
| Low Date |
12/05/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
9.84 |
| Support |
8.35 |
| Low |
8.02 |
| Low Date |
10/29/2024 |
| High |
9.46 |
| High Date |
11/25/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
7.37 |
| Support |
6.46 |
| High |
19.78 |
| High Date |
01/30/2024 |
| Low |
8.02 |
| Low Date |
10/29/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
26.96 |
| High Date |
03/11/2021 |
| Low |
8.02 |
| Low Date |
10/29/2024 |
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