CALLON PETROLEUM CO (CPE) Technical Analysis
NYSE:CPE • US13123X5086
Current stock price
CPE Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to CPE. In the last year, CPE was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- CPE is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 73% of 207 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- 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 compared to the yearly performance of all other stocks, CPE outperforms 60% of them, which is more or less in line with the market.
- 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.
CPE Weekly and Daily overview Charts
CPE Setup Rating and Analysis
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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
CPE Support and Resistance Analysis
29.45
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.
CPE 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 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. |
CPE Chart- and CandleStick Pattern Analysis
CPE 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 |
|---|---|---|---|
| 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.
CPE Technicals: Chart, Performance Metrics, Trend & Indicators
35.76
+0.64 (+1.82%)
CALLON PETROLEUM CO / CPE TA FAQ
Can you provide the ChartMill technical rating for CALLON PETROLEUM CO?
ChartMill assigns a technical rating of 7 / 10 to CPE.
Can you provide the trend direction for CALLON PETROLEUM CO?
The current trend direction for CALLON PETROLEUM CO (CPE) is Bullish.
What is the RSI signal for CPE stock?
CALLON PETROLEUM CO (CPE) has an RSI value of 63.3011. This indicates that the stock is currently neutral.
What is the MACD signal for CPE stock?
The MACD indicator for CALLON PETROLEUM CO (CPE) has a value of 0.181285, indicating a bearish trend.
Can you provide the support and resistance levels for CALLON PETROLEUM CO?
CALLON PETROLEUM CO (CPE) has a support level at 35.15 and a resistance level at 35.95. Check the full technical report for our detailed analysis of CPE support and resistance levels.