CALLON PETROLEUM CO (CPE) Stock Technical Analysis
NYSE:CPE - New York Stock Exchange, Inc. - US13123X5086 - Common Stock - Currency: USD
Taking everything into account, CPE scores 7 out of 10 in our technical rating. CPE has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long and short term trends are both positive. This is looking good!
CPE is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 75% of 213 stocks in the same industry.
In the last month CPE has a been trading in the 31.27 - 36.25 range, which is quite wide. It is currently trading near the high of this range.
CPE has an average volume of 1918780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, CPE turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
CPE 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 CPE is lagging the market slightly.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, CPE also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 35.15, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
29.45
38.55
4 important support areas can be observed.
- A support zone ranging from 34.84 to 35.15. 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 32.02 to 32.48. 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 30.62 to 31.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.75 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @35.95 from a trend line in the daily time frame.
- Resistance @36.74 from a trend line in the weekly time frame.
- Resistance @38.17 from a trend 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 CPE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CPE is up. |
| ChartMill Relative Strength | 60.28 | NEUTRAL | CPE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CPE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CPE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CPE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.3 | NEUTRAL | The RSI value for CPE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests CPE has a positive trend. |
| Stochastics (14,3) | 73.7 | NEUTRAL | The Stochastics value for CPE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for CPE suggests some volalility. |
| Average Directional Index/ADX (14) | 27.11 | POSITIVE | The high ADX value value for CPE 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 |
|---|---|---|---|
| 35.96 | 34.83 | 1.13 (3.14%) | 25.00% |
| An entry @35.96. This is a Buy Stop order right above the resistance zone. | An exit @34.83. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.13 points, which is 3.14%. | For a 0.79% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CPE. 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.
35.76
+0.64 (+1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.82%
1 Week1.3%
2 Weeks5.61%
1 Month14.76%
3 Month10.37%
6 Month-8.59%
12 Month6.94%
2 Year-39.47%
3 Year-7.24%
5 Year-52.64%
10 Year-57.28%
15 Year228.07%
Volatility
ATR(14)1.06
ATR(20)%2.66%
ATR Inc18.53%
Range Today0.87
ADR(20)0.9
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.28
Mansfield-1.05
10 Day High36.25
10 Day Low33.24
20 Day High36.25
20 Day Low31.27
52 Week High41.36
52 Week Low28.62
CS1 End35.15
CR1 Start35.95
Volume & EV
DER(3)1.69%
DER(5)0.7%
Volume30.42M
Volume Incr589.24%
Vol(5)7.30M
Vol(50)1.92M