CRESCENT POINT ENERGY CORP (CPG) Stock Technical Analysis
NYSE:CPG - New York Stock Exchange, Inc. - CA22576C1014 - Common Stock - Currency: USD
Taking everything into account, CPG scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CPG is showing a nice and steady performance.
CPG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 8.58, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CPG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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2 important support areas can be observed.
- A support zone ranging from 8.26 to 8.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.34 to 6.39. This zone is formed by a combination of multiple trend lines 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 CPG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CPG is neutral. |
| ChartMill Relative Strength | 86.87 | POSITIVE | CPG has a high relative strength, it outperformed 86.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CPG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CPG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CPG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.64 | NEUTRAL | The RSI value for CPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests CPG has a negative trend. |
| Stochastics (14,3) | 25.73 | NEUTRAL | The Stochastics value for CPG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for CPG suggests some volalility. |
| Average Directional Index/ADX (14) | 24.94 | NEUTRAL | The ADX value for CPG suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 8.71 | 8.40 | 0.31 (3.56%) | 25.00% |
| An entry @8.71. This is a Buy Stop order right above the 10 day moving average. | An exit @8.39. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.31 points, which is 3.56%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.89%. |
- The distance between exit and entry is rather small compared to the average daily movement of CPG. 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.
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-0.01 (-0.12%)