CRESCENT POINT ENERGY CORP (CPG.CA) Stock Technical Analysis
TSX:CPG - Toronto Stock Exchange - CA22576C1014 - Common Stock - Currency: CAD
Overall CPG gets a technical rating of 0 out of 10. CPG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CPG is a bad performer in the overall market: 84% of all stocks are doing better.
CPG is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry, of which 68% are performing better than CPG.
CPG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
CPG has an average volume of 4052800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CPG has a been trading in the 6.83 - 8.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CPG has a bad technical rating, but it does show 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 7.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.49, a Stop Loss order could be placed below this zone.
More info and screens
7.31
8.63
When analyzing the support we notice one important area.
- A support zone ranging from 7.38 to 7.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 7.59 to 7.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.98 from a trend line in the daily time frame.
- A resistance zone ranging from 8.17 to 8.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.54 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for CPG.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CPG.CA is down. |
| ChartMill Relative Strength | 16.78 | NEGATIVE | CPG.CA has a low relative strength, it was outperformed by 83.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CPG.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CPG.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CPG.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.78 | NEUTRAL | The RSI value for CPG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests CPG.CA has a positive trend. |
| Stochastics (14,3) | 84.16 | OVERBOUGHT | The high Stochastics value suggests CPG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for CPG.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 32.5 | POSITIVE | The high ADX value value for CPG.CA 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)
TSX:CPG (11/22/2024, 7:00:00 PM)
7.58
+0.05 (+0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.66%
1 Week3.41%
2 Weeks3.27%
1 Month-12.87%
3 Month-24.2%
6 Month-34.09%
12 Month-20.88%
2 Year-27.46%
3 Year37.82%
5 Year64.43%
10 Year-74.46%
15 Year-80.82%
Volatility
ATR(14)0.21
ATR(20)%3.96%
ATR Inc-24.38%
Range Today0.16
ADR(20)0.26
ADR(20)%3.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.78
Mansfield-3.21
10 Day High7.72
10 Day Low7
20 Day High8.49
20 Day Low6.84
52 Week High12.67
52 Week Low6.84
CS1 End7.49
CR1 Start7.59
Volume & EV
DER(3)0.76%
DER(5)0.68%
Volume4.25M
Volume Incr11.71%
Vol(5)4.70M
Vol(50)4.05M