CRESCENT ENERGY INC-A (CRGY) Stock Technical Analysis
NYSE:CRGY - New York Stock Exchange, Inc. - US44952J1043 - Common Stock - Currency: USD
Taking everything into account, CRGY scores 2 out of 10 in our technical rating. CRGY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, CRGY is a bad performer in the overall market: 69% of all stocks are doing 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 8.04 - 9.69 range, which is quite wide. It is currently trading near the high of this range.
CRGY has an average volume of 3281200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CRGY is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry, CRGY did better than 44% of them.
Although the technical rating is bad, CRGY does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 9.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.00, 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
8.14
9.89
We found 4 important support areas.
- A support zone ranging from 8.95 to 9.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.72 from a horizontal line in the weekly time frame.
- A support zone ranging from 8.39 to 8.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @8.22 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 9.38 to 9.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 9.78 to 9.79. 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 | NEUTRAL | NEUTRAL | The short term trend for CRGY is neutral. |
| ChartMill Relative Strength | 31.41 | NEUTRAL | CRGY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CRGY is above a declining 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) | DOWN | NEGATIVE | The current price of CRGY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.9 | NEUTRAL | The RSI value for CRGY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CRGY has a positive trend. |
| Stochastics (14,3) | 61.12 | NEUTRAL | The Stochastics value for CRGY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.05 | MEDIUM VOLATILITY | The ATR as a percentage value for CRGY suggests some volalility. |
| Average Directional Index/ADX (14) | 13.02 | NEGATIVE | The low ADX value for CRGY suggests a weak or negative 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)
9.36
+0.48 (+5.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg5.41%
1 Week-3.01%
2 Weeks8.33%
1 Month-0.21%
3 Month9.35%
6 Month-36.15%
12 Month-10.6%
2 Year-31.33%
3 Year-45.36%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%4.05%
ATR Inc12.65%
Range Today0.51
ADR(20)0.35
ADR(20)%3.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.41
Mansfield-2.48
10 Day High9.69
10 Day Low8.58
20 Day High9.69
20 Day Low8.04
52 Week High16.94
52 Week Low6.83
CS1 End9
CR1 Start9.38
Volume & EV
DER(3)-0.05%
DER(5)0.86%
Volume6.82M
Volume Incr43.66%
Vol(5)3.97M
Vol(50)3.28M