COMSTOCK RESOURCES INC (CRK)       10.47  +0.17 (+1.65%)

10.47  +0.17 (+1.65%)

US2057683029 - Common Stock - After market: 10.42 -0.05 (-0.48%)

Technical Rating

0

We assign a technical rating of 0 out of 10 to CRK. CRK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



CRK has an average volume of 5664840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CRK is a bad performer in the overall market: 80% of all stocks are doing better.
CRK is part of the Oil, Gas & Consumable Fuels industry. There are 380 other stocks in this industry, of which 65% are performing better than CRK.
CRK is currently trading near the lower end of its 52 week range, which is not a good sign. CRK is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month CRK has a been trading in the 9.85 - 13.41 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -13.18% -28.19% -35.45% -18.33% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 20.17 9.85 - 22.11
CRK Weekly chart
CRK Daily chart

Support/Resistance Analysis


10.11

20.98
When analyzing the support we notice one important area.
  • A support zone ranging from 10.21 to 10.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
  • A resistance zone ranging from 11.94 to 12.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @12.63 from a trend line in the daily time frame.
  • Resistance @13.06 from a horizontal line in the daily time frame.
  • Resistance @17.04 from a trend line in the weekly time frame.
  • Resistance @20.77 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

3

The technical rating of CRK is bad and it also does not present a 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.


CRK Daily chart

COMSTOCK RESOURCES INC10.47

NYSE:CRK (3/20/2023, 8:04:01 PM)+0.17 (+1.65%)

After market: 10.42 -0.05 (-0.48%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels

Performance
Today 1.65% 1 Week -3.06%
2 Weeks -15.22% 1 Month -13.18%
3 Month -28.19% 6 Month -35.45%

Volatility
ATR(14) 0.71 ATR(20)% 6.76%
ATR Inc -21.75% Range Today 0.44

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 20.17 Mansfield -3.18
10 Day High 12.45 10 Day Low 9.85
20 Day High 13.42 20 Day Low 9.85
52 Week High 22.11 52 Week Low 9.85
CS1 End 10.29 CR1 Start 11.94

Volume & EV
DER(3) 0.6% DER(5) 1.88%
Volume 4.64M Volume Incr 25.47%
Vol(5) 7.17M Vol(50) 5.66M

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