Deepwater exploration and production company Kosmos Energy (KOS) has been in an uptrend since early 2020. The shares are up eight-fold from their nadir but the advance may not be over.
Let's check the charts and indicators.
In the daily bar chart of KOS, below, I can see a sideways trading pattern going back to April. Rallies to the $8.50 area have failed. Dips to the $5.00 area have been bought. The shares are currently trading above the rising 50-day moving average line and above the positively sloped 200-day line.
Trading volume has been neutral for several months now. The daily On-Balance-Volume (OBV) line has been steady. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line and looks poised to turn higher.