LXU is outperforming
After a correction at the end of January, LXU price turned up and moved above its 10, 20 and 50 moving averages. Recently, the stock also broke above the yellow resistance line at about 11.4 and it’s currently moving in a strong uptrend along the upper Bollinger Band – blue box.
This uptrend is also evident in MACD, which is currently moving in positive territory – orange box.
What is more, this uptrend is accompanied with a sharp increase in volume – brown box.
As for the stock’s Relative Strength, it is moving up and mostly above its 20-day moving average since late December – green box.
In the same period of time, money is flowing into the stock as we can see in the rising MFI – grey box.
In the weekly chart we can see that LXU has gone through a consolidation phase where price stayed below the yellow resistance level at roughly 11.5. the price finally broke above this resistance and above the upper Bollinger Band, an indication of strength – blue box.
This strength is also shown in MACD, which has turned up and it’s just below its signal line – orange box.
In addition, the stock’s Relative Strength has been moving up and above its moving average since July 2021 – green box.
Finally, the stock’s MFI has also turned up and move above its moving average – gray box.