COMSTOCK RESOURCES INC (CRK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CRK - US2057683029 - Common Stock
Taking everything into account, CRK scores 10 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, CRK is showing a nice and steady performance.
Although CRK has an excellent technical rating, it does not offer a high quality setup 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.
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16.98
We found 4 important support areas.
- Support @25.80 from a trend line in the daily time frame.
- A support zone ranging from 23.64 to 24.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.66 from a trend line in the daily time frame.
- Support @17.15 from a trend 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 CRK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRK is up. |
| ChartMill Relative Strength | 95.24 | POSITIVE | CRK has a high relative strength, it outperformed 95.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CRK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CRK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.9 | OVERBOUGHT | The high RSI value suggests CRK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests CRK has a positive trend. |
| Stochastics (14,3) | 87.84 | OVERBOUGHT | The high Stochastics value suggests CRK may be overbought. |
| Average True Range in percent/ATR (20) | 5.51 | HIGH VOLATILITY | The high ATR as a percentage value for CRK suggests high volalility. |
| Average Directional Index/ADX (14) | 37.72 | POSITIVE | The high ADX value value for CRK suggests a strong trend. |
26.86
+1.41 (+5.54%)
COMSTOCK RESOURCES INC / CRK FAQ
What is the technical rating for CRK stock?
ChartMill assigns a technical rating of 10 / 10 to CRK.
What is the trend direction for CRK stock?
The current trend direction for COMSTOCK RESOURCES INC (CRK) is Bullish.
What is the RSI signal for CRK stock?
COMSTOCK RESOURCES INC (CRK) has an RSI value of 74.8993. This indicates that the stock is currently overbought.
Can you provide the MACD signal for COMSTOCK RESOURCES INC?
The MACD indicator for COMSTOCK RESOURCES INC (CRK) has a value of 0.0987228, indicating a bearish trend.
Can you provide the short term momentum for COMSTOCK RESOURCES INC?
The short term momentum for COMSTOCK RESOURCES INC (CRK) is positive.