COMSTOCK RESOURCES INC (CRK) Stock Technical Analysis
NYSE:CRK • US2057683029
Overall CRK gets a technical rating of 0 out of 10. CRK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, CRK is a bad performer in the overall market: 81% of all stocks are doing better.
- CRK is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 83% of 206 stocks in the same industry do better.
- CRK 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 CRK has a been trading in the 18.03 - 24.43 range, which is quite wide. It is currently trading near the lows of this range.
- CRK has an average volume of 2604530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
More info and screens
18.11
When analyzing the support we can see 2 important areas.
- Support @18.74 from a horizontal line in the weekly time frame.
- Support @18.29 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 18.82 to 18.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 19.97 to 19.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 22.84 to 22.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.13 from a horizontal line in the daily time frame.
- Resistance @25.80 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 | DOWN | NEGATIVE | The long term trend for CRK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CRK is down. |
| ChartMill Relative Strength | 19.15 | NEGATIVE | CRK has a low relative strength, it was outperformed by 80.85% 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) | DOWN | NEGATIVE | The current price of CRK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.43 | NEUTRAL | The RSI value for CRK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests CRK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.34 | OVERSOLD | The low Stochastics value suggests CRK may be oversold. |
| Average True Range in percent/ATR (20) | 6.07 | HIGH VOLATILITY | The high ATR as a percentage value for CRK suggests high volalility. |
| Average Directional Index/ADX (14) | 15.85 | NEGATIVE | The low ADX value for CRK suggests a weak or negative trend. |
18.75
+0.35 (+1.9%)
COMSTOCK RESOURCES INC / CRK FAQ
What is the technical rating for CRK stock?
ChartMill assigns a technical rating of 0 / 10 to CRK.
Can you provide the trend direction for COMSTOCK RESOURCES INC?
The current trend direction for COMSTOCK RESOURCES INC (CRK) is Bearish.
Can you provide the RSI signal for COMSTOCK RESOURCES INC?
COMSTOCK RESOURCES INC (CRK) has an RSI value of 39.4332. This indicates that the stock is currently neutral.
What is the buy/sell signal for COMSTOCK RESOURCES INC (CRK) stock?
The buy/sell signal for COMSTOCK RESOURCES INC (CRK) is sell as both the short term and long term trends are negative.
What is the support and resistance level for CRK stock?
COMSTOCK RESOURCES INC (CRK) has a support level at 18.74 and a resistance level at 18.82. Check the full technical report for our detailed analysis of CRK support and resistance levels.