XEC.X in upward trend: 10-day moving average moved above 50-day moving average on September 20, 2024

The 10-day moving average for XEC.X crossed bullishly above the 50-day moving average on September 20, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 5 of 8 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 62%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 09, 2024. You may want to consider a long position or call options on XEC.X as a result. In 30 of 55 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 55%.

The Moving Average Convergence Divergence (MACD) for XEC.X just turned positive on September 09, 2024. Looking at past instances where XEC.X's MACD turned positive, the stock continued to rise in 11 of 21 cases over the following month. The odds of a continued upward trend are 52%.

XEC.X moved above its 50-day moving average on September 19, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a +2.38% 3-day Advance, the price is estimated to grow further. Considering data from situations where XEC.X advanced for three days, in 100 of 171 cases, the price rose further within the following month. The odds of a continued upward trend are 58%.

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