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 10 out of 10 to CRK. Both in the recent history as in the last year, CRK has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that CRK is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by CRK over the past year are nicely spread over this period.
CRK is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 97% of 213 stocks in the same industry.
CRK is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CRK is leading the market.
CRK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
CRK has an average volume of 2219380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CRK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
16.75
24.00
When analyzing the support we can see 5 important areas.
- Support @23.22 from a horizontal line in the daily time frame.
- A support zone ranging from 18.88 to 19.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.23 from a trend line in the daily time frame.
- Support @17.32 from a horizontal line in the daily time frame.
- Support @16.92 from a horizontal line in the daily 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 | 97.18 | POSITIVE | CRK has a high relative strength, it outperformed 97.18% 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) | 64.38 | NEUTRAL | The RSI value for CRK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CRK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.91 | NEUTRAL | The Stochastics value for CRK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for CRK suggests some volalility. |
| Average Directional Index/ADX (14) | 32.53 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 24.49 | 23.20 | 1.29 (5.27%) | 18.99% |
| An entry @24.49. This is a Buy Stop order right above the 10 day high. | An exit @23.20. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.29 points, which is 5.27%. | When investing 18.99% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
23.76
+0.54 (+2.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.33%
1 Week-2.02%
2 Weeks1.8%
1 Month29.2%
3 Month21.6%
6 Month56.73%
12 Month119.8%
2 Year154.94%
3 Year23.11%
5 Year343.28%
10 Year34.24%
15 Year-84.08%
Volatility
ATR(14)0.84
ATR(20)%3.73%
ATR Inc-25.38%
Range Today0.68
ADR(20)0.82
ADR(20)%3.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.18
Mansfield5.55
10 Day High24.48
10 Day Low22.34
20 Day High24.48
20 Day Low17.98
52 Week High24.48
52 Week Low7.74
CS1 End23.21
CR1 StartN/A
Volume & EV
DER(3)-1.18%
DER(5)-0.05%
Volume967.28K
Volume Incr-41.71%
Vol(5)1.25M
Vol(50)2.22M