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Stock Trend Analysis Report

Prepared for you on Sunday, February 16, 2020.

Concho Resources, Inc (NYSE:CXO)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

Open High Low CXO Price Change
78.85 79.23 76.80 77.97 -0.67
Entry Signal

MarketClub’s Trade Triangles for CXO

long term up The long term trend has been UP since Dec 12th, 2019 at 78.93

intermediate term down The intermediate term trend has been DOWN since Jan 23rd, 2020 at 84.63

short term down The short term trend has been DOWN since Feb 14th, 2020 at 77.55

Smart Scan Analysis for CXO

Based on a pre-defined weighted trend formula for chart analysis, CXO scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for CXO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
78.85 79.23 76.80 77.97 -0.67
Prev. Close Volume Bid Ask Time
89.08 724577 2020-02-14 15:59:53
Year High163.11Year High Date2018-05-02
Year Low123.63Year Low Date2018-06-05
52wk High126.5452wk High Date2019-01-18
52wk Low61.3752wk Low Date2019-10-08
Year End Close80.56Average Volume1,644,874
Shares Outstanding201,029Short Interest2,024,664
% Institutional90.8Market Cap15,030M
P/E Ratio12.2Beta1.61
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