Cnooc Ltd (CEO) Stock Technical Analysis
NYSE:CEO - New York Stock Exchange, Inc. - US15135B1017 - Common Stock - Currency: USD
Overall CEO gets a technical rating of 7 out of 10. Although CEO is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, CEO is a bad performer in the overall market: 67% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
CEO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CEO is performing more or less in line with the market.
In the last month CEO has a been trading in the 110.00 - 131.83 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
Although CEO has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
84.98
129.10
4 important support areas can be observed.
- A support zone ranging from 117.01 to 120.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @113.78 from a horizontal line in the daily time frame.
- A support zone ranging from 109.35 to 111.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @85.84 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @125.31 from a trend line in the weekly time frame.
- Resistance @127.82 from a horizontal line in the weekly time frame.
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 CEO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CEO is up. |
| ChartMill Relative Strength | 33.13 | NEUTRAL | CEO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CEO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CEO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CEO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.03 | NEUTRAL | The RSI value for CEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.23 | NEGATIVE | The MACD value suggests CEO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.21 | NEUTRAL | The Stochastics value for CEO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for CEO suggests some volalility. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 125.32 | 117.00 | 8.32 (6.64%) | 15.06% |
| An entry @125.32. This is a Buy Stop order right above the resistance zone. | An exit @117.00. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 8.32 points, which is 6.64%. | For a 1.00% total portfolio risk, you can invest 15.06% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
121.76
+2.07 (+1.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.73%
1 Week4.12%
2 Weeks-5.99%
1 Month11.07%
3 Month38.11%
6 Month16.23%
12 Month17.38%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.52
ATR(20)%3.37%
ATR Inc6.51%
Range Today3.64
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
CRS33.13
Mansfield-0.17
10 Day High131.83
10 Day Low110
20 Day High131.83
20 Day Low110
52 Week High131.83
52 Week Low81.11
CS1 End120.57
CR1 Start125.31
Volume & EV
DER(3)0.84%
DER(5)0.51%
Volume113.00K
Volume Incr190.73%
Vol(5)105.80K
Vol(50)243.98K