COMSTOCK RESOURCES INC (CRK) Stock Technical Analysis
NYSE:CRK - New York Stock Exchange, Inc. - US2057683029 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to CRK. Although CRK is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month CRK has a been trading in the 16.23 - 24.20 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Looking at the yearly performance, CRK did better than 90% of all other stocks.
CRK is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry. CRK outperforms 92% of them.
CRK has an average volume of 2542210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
CRK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CRK is lagging the market slightly.
The technical rating of CRK is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
16.25
16.57
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 | NEUTRAL | NEUTRAL | The long term trend for CRK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CRK is down. |
| ChartMill Relative Strength | 90.49 | POSITIVE | CRK has a high relative strength, it outperformed 90.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CRK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CRK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CRK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 22.86 | OVERSOLD | The low RSI value suggests CRK may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests CRK has a negative trend. |
| Stochastics (14,3) | 6.15 | OVERSOLD | The low Stochastics value suggests CRK may be oversold. |
| Average True Range in percent/ATR (20) | 6.75 | HIGH VOLATILITY | The high ATR as a percentage value for CRK suggests high volalility. |
| Average Directional Index/ADX (14) | 31.68 | POSITIVE | The high ADX value value for CRK 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)
16.41
-1.46 (-8.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-8.17%
1 Week-20.88%
2 Weeks-29.15%
1 Month-31.65%
3 Month-19.04%
6 Month-11.58%
12 Month97.24%
2 Year33.85%
3 Year-16.28%
5 Year184.9%
10 Year7.61%
15 Year-84.92%
Volatility
ATR(14)1.14
ATR(20)%6.75%
ATR Inc141.9%
Range Today1.54
ADR(20)1.01
ADR(20)%6.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.49
Mansfield-1.25
10 Day High22.76
10 Day Low16.24
20 Day High24.21
20 Day Low16.24
52 Week High31.17
52 Week Low7.74
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-0.71%
DER(5)-1.44%
Volume4.85M
Volume Incr51.8%
Vol(5)4.00M
Vol(50)2.54M