Continental Resources Inc (CLR)       67.19  -0.09 (-0.13%)

67.19  -0.09 (-0.13%)

US2120151012 - Common Stock

Technical Rating

Overall CLR gets a technical rating of 9 out of 10. Both in the recent history as in the last year, CLR has proven to be a steady performer, scoring decent points in every aspect analyzed.



The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that CLR is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by CLR over the past year are nicely spread over this period.
CLR is part of the Oil, Gas & Consumable Fuels industry. There are 403 other stocks in this industry. CLR outperforms 89% of them.
CLR is currently trading in the upper part of its 52 week range. This is a good signal, certainly because the S&P500 Index is currently trading in the lower part of its 52 week range.
CLR has an average volume of 2027430. This is a good sign as it is always nice to have a liquid stock.
In the last month CLR has a been trading in the 62.38 - 75.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.

Statistics

1 Month 3 Months 6 Months 12 Months 1.83% 6.96% 50.31% 71.81% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 98.72 31.4002 - 75.49
CLR Weekly chart
CLR Daily chart

Support/Resistance Analysis


56.38

74.96
We found 3 important support areas.
  • A support zone ranging from 63.41 to 65.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 59.26 to 59.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 56.95 to 57.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
  • Resistance @74.22 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

CLR has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 65.22, a Stop Loss order could be placed below this zone.


Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
67.4263.404.02 (5.96%)16.77%
An entry @67.42. This is a Buy Stop order right above the 10 day moving average.An exit @63.40. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 4.02 points, which is 5.96%.When investing 16.77% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The distance between exit and entry is rather small compared to the average daily movement of CLR. Please evaluate whether better entry and exit points can be found.
  • 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.
CLR Daily chart

Continental Resources Inc67.19

NYSE:CLR (6/28/2022, 2:15:04 PM)-0.09 (-0.13%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels
Performance
Today -0.13% 1 Week 2.2%
2 Weeks -4.55% 1 Month 1.83%
3 Month 6.96% 6 Month 50.31%
Volatility
ATR(14) 3.82 ATR(20)% 5.31%
ATR Inc -29.89% Range Today 2.31
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 98.72 Mansfield 4.65
10 Day High 75.49 10 Day Low 62.38
20 Day High 75.49 20 Day Low 62.38
52 Week High 75.49 52 Week Low 31.4
CS1 End 65.22 CR1 Start 74.22
Volume & EV
DER(3) 0.64% DER(5) 0.26%
Volume 980.37K Volume Incr 13.17%
Vol(5) 2.82M Vol(50) 2.03M

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