CENTENNIAL RESOURCE DEVELO-A (CDEV) Stock Technical Analysis
USA - NASDAQ:CDEV - US15136A1025 - Common Stock
We assign a technical rating of 8 out of 10 to CDEV. CDEV has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Although CDEV has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
5.62
We found 3 important support areas.
- A support zone ranging from 7.50 to 7.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.17 to 7.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.68 to 5.72. This zone is formed by a combination of multiple trend lines in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @8.39 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 8.62 to 8.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 9.42 to 9.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CDEV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CDEV is up. |
| ChartMill Relative Strength | 92.98 | POSITIVE | CDEV has a high relative strength, it outperformed 92.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CDEV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CDEV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CDEV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.97 | NEUTRAL | The RSI value for CDEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CDEV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.91 | NEUTRAL | The Stochastics value for CDEV is a neutral value. |
| Average True Range in percent/ATR (20) | 5.85 | HIGH VOLATILITY | The high ATR as a percentage value for CDEV suggests high volalility. |
| Average Directional Index/ADX (14) | 17.6 | NEGATIVE | The low ADX value for CDEV suggests a weak or negative trend. |
7.62
-0.61 (-7.41%)
CENTENNIAL RESOURCE DEVELO-A / CDEV FAQ
What is the ChartMill technical rating of CENTENNIAL RESOURCE DEVELO-A (CDEV) stock?
ChartMill assigns a technical rating of 7 / 10 to CDEV.
What is the current trend direction of CENTENNIAL RESOURCE DEVELO-A (CDEV) stock?
The current trend direction for CENTENNIAL RESOURCE DEVELO-A (CDEV) is Bullish.
What is the RSI signal for CDEV stock?
CENTENNIAL RESOURCE DEVELO-A (CDEV) has an RSI value of 52.9677. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CENTENNIAL RESOURCE DEVELO-A?
The MACD indicator for CENTENNIAL RESOURCE DEVELO-A (CDEV) has a value of 0.0348046, indicating a bearish trend.
What are the support and resistance levels for CENTENNIAL RESOURCE DEVELO-A (CDEV) stock?
CENTENNIAL RESOURCE DEVELO-A (CDEV) has a support level at 7.61 and a resistance level at 8.39. Check the full technical report for our detailed analysis of CDEV support and resistance levels.