COTERRA ENERGY INC (CTRA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CTRA - US1270971039 - Common Stock
Overall CTRA gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CTRA is only an average performer.
CTRA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 26.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.74, a Stop Loss order could be placed below this zone.
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22.35
3 important support areas can be observed.
- A support zone ranging from 25.51 to 25.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 24.35 to 24.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.58 to 23.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.36 to 26.97. 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 | UP | POSITIVE | The long term trend for CTRA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTRA is up. |
| ChartMill Relative Strength | 54 | NEUTRAL | CTRA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTRA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTRA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CTRA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.82 | NEUTRAL | The RSI value for CTRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests CTRA has a negative trend. |
| Stochastics (14,3) | 51.1 | NEUTRAL | The Stochastics value for CTRA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for CTRA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.17 | POSITIVE | The high ADX value value for CTRA suggests a strong trend. |
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 |
|---|---|---|---|
| 25.95 | 25.50 | 0.45 (1.73%) | 25.00% |
| An entry @25.95. This is a Buy Stop order right above the 10 day moving average. | An exit @25.50. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.45 points, which is 1.73%. | For a 0.43% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CTRA. Please evaluate whether better entry and exit points can be found.
- 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.
25.84
-0.36 (-1.37%)
COTERRA ENERGY INC / CTRA FAQ
What is the technical rating for CTRA stock?
ChartMill assigns a technical rating of 8 / 10 to CTRA.
What is the current trend direction of COTERRA ENERGY INC (CTRA) stock?
The current trend direction for COTERRA ENERGY INC (CTRA) is Bullish.
What is the RSI signal for COTERRA ENERGY INC (CTRA) stock?
COTERRA ENERGY INC (CTRA) has an RSI value of 55.817. This indicates that the stock is currently neutral.
Can you provide the MACD signal for COTERRA ENERGY INC?
The MACD indicator for COTERRA ENERGY INC (CTRA) has a value of -0.073269, indicating a bearish trend.
What is the buy/sell signal for CTRA stock?
The buy/sell signal for COTERRA ENERGY INC (CTRA) is buy as both the short term and long term trends are positive.