Technical Indicators for CEMEX, S.A.B. de C.V. (CX) in Short Run

CEMEX, S.A.B. de C.V. (NYSE:CX) fell by -2.23% in Friday’s trading session from $8.08 to $7.90. The stock price went upward in 6 of the last 10 days, but has retreated -0.75% over the same course of time. Volume has increased in Friday’s trading session by 6.78 million shares, but on a weak note. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 13.05 M shares exchanged hands for about $103.07 million.

Inside CX’s Recent Trend

CEMEX, S.A.B. de C.V. (CX) lies in the middle of a wide and falling trend in the short term and pointed towards extra losses. Short-term traders are anticipated to see a retreat of -15.82% over the course of a quarter and, with 90% chance the price will be floating in the range of $6.28 and $7.23 in this timeframe.

CEMEX, S.A.B. de C.V. Technical Signals

CX has witnessed its long term and short term MA triggering a sell signal. Many traders watch for long-term averages to cross above short-term averages to signal the beginning of a downtrend. Upon corrections, the price will meet resistance from the averages between $8.07 and $8.54. A buy signal will be generated if it crosses above any of these levels. Its pivot point high generated sell signal on Thursday November 02, 2017, which calls for additional declines until the stock forms a new pivot point low, as this could be a buying opportunity. Volume up and price depreciating is getting our attention as this movement is seen as bearish sign.

CEMEX, S.A.B. de C.V. (NYSE:CX) Support And Resistance Levels

CEMEX, S.A.B. de C.V. (CX) recorded volume accumulation so there will probably be a surplus of buyers at $7.81. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $7.99, $8.09 and $9.12.

Accumulated volume is going to prevent the price from rising further at $7.99 and this action will lead the price to take a temporary pause or stay muted for a few days.

CEMEX, S.A.B. de C.V. (CX) Risk Assessment

The number of shares changed hands in the stock is good, indicating the interest and low risk associated with it. In the most recent session, the stock price hovered around $0.30 (3.81%) between intraday high and intraday low. Each day in the past 1 week, the average volatility remained at 3.47%.

Previous ArticleNext Article

Related Post

Which of 2 stocks would appeal to long-term invest... The shares of At Home Group Inc. have increased by more than 100.68% this year alone. The shares recently went up by 18.87% or $4.66 and now trades at...
Dominion Energy, Inc. (D) vs. Exelon Corporation (... Dominion Energy, Inc. (NYSE:D) shares are down more than -16.93% this year and recently increased 0.58% or $0.39 to settle at $67.34. Exelon Corporati...
Reliable Long-term Trend to Profit From: Noble Cor... The shares of Noble Corporation plc have increased by more than 0.66% this year alone. The shares recently went down by -6.57% or -$0.32 and now trade...
A Comparison of Top Movers: Digital Power Corporat... The shares of Digital Power Corporation have decreased by more than -4.28% this year alone. The shares recently went up by 11.13% or $0.07 and now tra...
Comparing Corning Incorporated (GLW) and Extractio... Corning Incorporated (NYSE:GLW) shares are down more than -14.38% this year and recently increased 0.11% or $0.03 to settle at $27.39. Extraction Oil ...