CONTINENTAL RESOURCES INC/OK (CLR) Stock Technical Analysis
NYSE:CLR - New York Stock Exchange, Inc. - US2120151012 - Common Stock - Currency: USD
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!
When comparing the yearly performance of all stocks, we notice that CLR is one of the better performing stocks in the market, outperforming 95% of all 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 97% of 211 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.
Besides having an excellent technical rating, CLR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
62.33
75.02
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.
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. |
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 |
|---|---|---|---|
| 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.
74.27
+0.03 (+0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.04%
1 Week0.27%
2 Weeks0.26%
1 Month0.46%
3 Month4.96%
6 Month7.62%
12 Month63.41%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%0.18%
ATR Inc-70.29%
Range Today0.03
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
CRS95.92
Mansfield2.21
10 Day High74.28
10 Day Low73.97
20 Day High74.28
20 Day Low73.87
52 Week High75.49
52 Week Low40.75
CS1 End74.22
CR1 Start74.28
Volume & EV
DER(3)0.33%
DER(5)1.03%
Volume3.54M
Volume Incr-35.8%
Vol(5)3.10M
Vol(50)3.59M