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CENTENNIAL RESOURCE DEVELO-A (CDEV)

US15136A1025 - Common Stock

7.62  -0.61 (-7.41%)

After market: 7.7 +0.08 (+1.05%)

Technical Rating and Analysis

8

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.

Both the short term and long term trends are positive. This is a very positive sign.
CDEV is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry. CDEV outperforms 89% of them.
CDEV has an average volume of 8903270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CDEV is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CDEV is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CDEV is lagging the market slightly.
In the last month CDEV has a been trading in the 5.98 - 8.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
CDEV Weekly chart
CDEV Daily chart
Setup Rating and Analysis

2

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.

Support and Resistance Analysis

5.62

9.51

When analyzing the support we can see 3 important 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.

When analyzing the resistance we notice 3 important areas.

  • 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.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.98
Mansfield1.38
10 Day High8.87
10 Day Low7.01
20 Day High8.87
20 Day Low5.98
52 Week High9.7
52 Week Low5.05
Performance
1 Week-8.41%
2 Weeks0.79%
1 Month24.51%
3 Month-11.29%
6 Month-11.19%
12 Month47.67%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)52.97
LBB6.7
UBB8.86
CDEV Daily chart

CENTENNIAL RESOURCE DEVELO-A

NASDAQ:CDEV (9/1/2022, 7:00:02 PM)

After market: 7.7 +0.08 (+1.05%)

7.62

-0.61 (-7.41%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-7.41%
1 Week-8.41%
2 Weeks0.79%
1 Month24.51%
3 Month-11.29%
6 Month-11.19%
12 Month47.67%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.48
ATR(20)%5.85%
ATR Inc
Range Today0.68
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High8.87
10 Day Low7.01
20 Day High8.87
20 Day Low5.98
52 Week High9.7
52 Week Low5.05
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume17.73M
Volume Incr29.43%
Vol(5)10.13M
Vol(50)8.90M