CENTENNIAL RESOURCE DEVELO-A (CDEV) Stock Technical Analysis
NASDAQ:CDEV - Nasdaq - US15136A1025 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to CDEV. In the last year, CDEV was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Both the short term and long term trends are positive. This is a very positive sign.
CDEV is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 93% of 213 stocks in the same industry.
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.
Although CDEV has an excellent technical rating, it does not present a decent entry opportunity 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
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.
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. |
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)
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 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%5.85%
ATR Inc73.36%
Range Today0.68
ADR(20)N/A
ADR(20)%N/A
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
CS1 End7.61
CR1 Start8.39
Volume & EV
DER(3)0.64%
DER(5)0.35%
Volume17.73M
Volume Incr29.43%
Vol(5)10.13M
Vol(50)8.90M