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COTERRA ENERGY INC (NYSE:CTRA) Technical Analysis observations.

By Mill Chart

Last update: Sep 15, 2023

Our stock screener has identified COTERRA ENERGY INC (NYSE:CTRA) as a potential breakout candidate. This technical breakout setup pattern occurs when the stock consolidates after a strong uptrend. While the actual breakout is uncertain, it may be worth keeping an eye on NYSE:CTRA.

CTRA Daily chart on 2023-09-15

What is the technical picture of NYSE:CTRA telling us.

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

Overall CTRA gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CTRA is only an average performer.

  • Both the short term and long term trends are positive. This is a very positive sign.
  • When comparing the yearly performance of all stocks, we notice that CTRA is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this relatively good performance is mostly due to a recent big move.
  • CTRA is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 48% of 217 stocks in the same industry.
  • CTRA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CTRA is lagging the market.
  • In the last month CTRA has a been trading in a tight range between 27.28 and 28.82.

For an up to date full technical analysis you can check the technical report of CTRA

How does the Setup look for NYSE:CTRA

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NYSE:CTRA currently has a 9 as setup rating:

Besides having an excellent technical rating, CTRA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 28.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.29, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CTRA in the last couple of days, which is a good sign.

How can NYSE:CTRA be traded?

A breakout opportunity may arise when the stock surpasses the current consolidation zone and reaches new highs. Traders often wait for this breakout before considering buying the stock. To manage risk, a stop loss order could be placed below the consolidation zone to limit potential losses.

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

Our Breakout screener lists more breakout setups and is updated daily.


This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.



NYSE:CTRA (11/30/2023, 5:30:00 PM)

After market: 26.23 -0.02 (-0.08%)


+0.16 (+0.61%)


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