The Hourly View for XRX
At the time of this writing, XRX’s price is up $0.35 (1.5%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
XRX’s Technical Outlook on the Daily Chart
At the time of this writing, XRX’s price is down $-0.06 (-0.25%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows XRX’s price action over the past 90 days.
Want More Great Investing Ideas?