After completing its last trading session, Extraction Oil & Gas, Inc. (NASDAQ:XOG) spiked up by 1.1% – here is what that looked like (as of 2019-12-11):
What’s the reason for these moves? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most important ones are as follows:
A Money Flow Index (MFI) of 13.008, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.002, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.177, an Accumulation/Distribution Index (ADI) of 0.177, an On-Balance Volume (OBV) of 7.98, and a Chaiikin Money Flow (CMF) of -1.82. 2.5
Now let’s plug these indicators in. According to Trading View, putting it all together gets the following:
That is what an analysis of technical indicators seems to indicate for Extraction Oil & Gas, Inc. (NASDAQ:XOG). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.
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