COMSTOCK RESOURCES INC (CRK) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CRK • US2057683029
Taking everything into account, CRK scores 1 out of 10 in our technical rating. CRK has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month CRK has a been trading in the 20.00 - 25.85 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.
- CRK has an average volume of 2706460 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!
- When comparing the performance of all stocks over the past year, CRK turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
- CRK is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 48% of 207 stocks in the same industry.
- CRK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRK is lagging the market.
CRK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 20.79, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
18.25
When analyzing the support we can see 2 important areas.
- A support zone ranging from 20.79 to 20.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.43 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 22.46 to 22.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.02 from a trend line in the daily time frame.
- A resistance zone ranging from 26.20 to 26.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 57.17 | NEUTRAL | CRK is not amongst the best or worst performers 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) | 41.35 | NEUTRAL | The RSI value for CRK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests CRK has a negative trend. |
| Stochastics (14,3) | 27.41 | NEUTRAL | The Stochastics value for CRK is a neutral value. |
| Average True Range in percent/ATR (20) | 6.95 | HIGH VOLATILITY | The high ATR as a percentage value for CRK suggests high volalility. |
| Average Directional Index/ADX (14) | 11.14 | NEGATIVE | The low ADX value for CRK suggests a weak or negative trend. |
20.8
-0.74 (-3.44%)
COMSTOCK RESOURCES INC / CRK FAQ
What is the technical rating for CRK stock?
ChartMill assigns a technical rating of 1 / 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 41.3544. This indicates that the stock is currently neutral.
What are the support and resistance levels for COMSTOCK RESOURCES INC (CRK) stock?
COMSTOCK RESOURCES INC (CRK) has a support level at 20.79 and a resistance level at 22.46. Check the full technical report for our detailed analysis of CRK support and resistance levels.