CRESCENT ENERGY INC-A (CRGY) Stock Technical Analysis
NYSE:CRGY • US44952J1043
Overall CRGY gets a technical rating of 8 out of 10. Although CRGY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- CRGY is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, of which 64% are performing better than CRGY.
- Both the short term and long term trends are positive. This is a very positive sign.
- CRGY is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CRGY is performing more or less in line with the market.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- CRGY has an average volume of 6299300 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, CRGY turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
- In the last month CRGY has a been trading in the 9.28 - 12.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CRGY has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
8.00
2 important support areas can be observed.
- A support zone ranging from 10.30 to 10.45. 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 8.08 to 8.15. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- Resistance @11.67 from a horizontal 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 CRGY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRGY is up. |
| ChartMill Relative Strength | 63.39 | NEUTRAL | CRGY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRGY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CRGY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CRGY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.06 | NEUTRAL | The RSI value for CRGY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests CRGY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.05 | OVERBOUGHT | The high Stochastics value suggests CRGY may be overbought. |
| Average True Range in percent/ATR (20) | 5.25 | HIGH VOLATILITY | The high ATR as a percentage value for CRGY suggests high volalility. |
| Average Directional Index/ADX (14) | 22.53 | NEUTRAL | The ADX value for CRGY suggests a possible start of a new trend. |
11.24
-0.77 (-6.41%)
CRESCENT ENERGY INC-A / CRGY FAQ
Can you provide the ChartMill technical rating for CRESCENT ENERGY INC-A?
ChartMill assigns a technical rating of 8 / 10 to CRGY.
What is the trend direction for CRGY stock?
The current trend direction for CRESCENT ENERGY INC-A (CRGY) is Bullish.
What is the RSI signal for CRGY stock?
CRESCENT ENERGY INC-A (CRGY) has an RSI value of 61.0611. This indicates that the stock is currently neutral.
What is the MACD signal for CRGY stock?
The MACD indicator for CRESCENT ENERGY INC-A (CRGY) has a value of 0.0899464, indicating a bearish trend.
What are the support and resistance levels for CRESCENT ENERGY INC-A (CRGY) stock?
CRESCENT ENERGY INC-A (CRGY) has a support level at 10.45 and a resistance level at 11.67. Check the full technical report for our detailed analysis of CRGY support and resistance levels.