CRESCENT ENERGY INC-A (CRGY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CRGY - US44952J1043 - Common Stock
Overall CRGY gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. CRGY was also a bad performer in the overall market in the last year.
- 86% of all other stocks performed better in the past year than CRGY.
- CRGY is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 80% of 207 stocks in the same industry do better.
- CRGY 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.
- In the last month CRGY has a been trading in the 7.68 - 8.86 range, which is quite wide. It is currently trading near the high of this range.
- CRGY has an average volume of 5772660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Although the technical rating is bad, CRGY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 8.10, a Stop Loss order could be placed below this zone.
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7.86
2 important support areas can be observed.
- A support zone ranging from 8.08 to 8.10. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @7.94 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @8.97 from a trend line in the weekly time frame.
- Strong resistance @9.78 from a horizontal line in the daily time frame.
- A resistance zone ranging from 9.94 to 9.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CRGY is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRGY is up. |
| ChartMill Relative Strength | 14.7 | NEGATIVE | CRGY has a low relative strength, it was outperformed by 85.3% off all stocks 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) | DOWN | NEGATIVE | The current price of CRGY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CRGY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.89 | NEUTRAL | The RSI value for CRGY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CRGY has a positive trend. |
| Stochastics (14,3) | 79.94 | NEUTRAL | The Stochastics value for CRGY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.98 | MEDIUM VOLATILITY | The ATR as a percentage value for CRGY suggests some volalility. |
| Average Directional Index/ADX (14) | 12.32 | NEGATIVE | The low ADX value for CRGY suggests a weak or negative trend. |
8.71
+0.18 (+2.11%)
CRESCENT ENERGY INC-A / CRGY FAQ
Can you provide the ChartMill technical rating for CRESCENT ENERGY INC-A?
ChartMill assigns a technical rating of 2 / 10 to CRGY.
What is the trend direction for CRGY stock?
The current trend direction for CRESCENT ENERGY INC-A (CRGY) is Bearish.
What is the RSI signal for CRGY stock?
CRESCENT ENERGY INC-A (CRGY) has an RSI value of 54.8883. 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 0.0799875, 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 8.1 and a resistance level at 8.97. Check the full technical report for our detailed analysis of CRGY support and resistance levels.