CONTINENTAL RESOURCES INC/OK (CLR) Technical Analysis
NYSE:CLR • US2120151012
Current stock price
CLR Technical Rating and Analysis
Overall CLR gets a technical rating of 10 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 and short term trends are both positive. This is looking good!
- Looking at the yearly performance, CLR did better than 95% of all other stocks. We also observe that the gains produced by CLR over the past year are nicely spread over this period.
- CLR is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 94% of 209 stocks in the same industry.
- CLR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- CLR has an average volume of 3591950 traded shares per day. 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 a tight range between 73.87 and 74.28.
CLR Weekly and Daily overview Charts
CLR Setup Rating and Analysis
CLR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 74.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 74.22, a Stop Loss order could be placed below this zone.
More info and screens
CLR Support and Resistance Analysis
62.33
5 important support areas can be observed.
- A support zone ranging from 74.07 to 74.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 68.22 to 69.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @65.74 from a trend line in the daily time frame.
- A support zone ranging from 64.05 to 64.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @62.96 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 74.28 to 74.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
CLR Technical Indicator Signal Analysis
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 CLR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CLR is up. |
| ChartMill Relative Strength | 95.92 | POSITIVE | CLR has a high relative strength, it outperformed 95.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CLR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CLR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CLR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.99 | NEUTRAL | The RSI value for CLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests CLR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 95.39 | OVERBOUGHT | The high Stochastics value suggests CLR may be overbought. |
| Average True Range in percent/ATR (20) | 0.18 | LOW VOLATILITY | The low ATR as a percentage value for CLR suggests low volalility. |
| Average Directional Index/ADX (14) | 25.77 | POSITIVE | The high ADX value value for CLR suggests a strong trend. |
CLR Chart- and CandleStick Pattern Analysis
CLR Example Setup
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 |
|---|---|---|---|
| 74.29 | 74.06 | 0.23 (0.31%) | 25.00% |
| An entry @74.29. This is a Buy Stop order right above the resistance zone. | An exit @74.06. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.23 points, which is 0.31%. | For a 0.08% total portfolio risk, you can invest 25.00% 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.
CLR Technicals: Chart, Performance Metrics, Trend & Indicators
74.27
+0.03 (+0.04%)
CONTINENTAL RESOURCES INC/OK / CLR TA FAQ
What is the ChartMill technical rating of CONTINENTAL RESOURCES INC/OK (CLR) stock?
ChartMill assigns a technical rating of 10 / 10 to CLR.
Can you provide the trend direction for CONTINENTAL RESOURCES INC/OK?
The current trend direction for CONTINENTAL RESOURCES INC/OK (CLR) is Bullish.
What is the RSI signal for CONTINENTAL RESOURCES INC/OK (CLR) stock?
CONTINENTAL RESOURCES INC/OK (CLR) has an RSI value of 63.9854. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CONTINENTAL RESOURCES INC/OK?
The short term momentum for CONTINENTAL RESOURCES INC/OK (CLR) is positive.
Can you provide the support and resistance levels for CONTINENTAL RESOURCES INC/OK?
CONTINENTAL RESOURCES INC/OK (CLR) has a support level at 74.22 and a resistance level at 74.28. Check the full technical report for our detailed analysis of CLR support and resistance levels.