COTERRA ENERGY INC (CTRA) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CTRA • US1270971039
Taking everything into account, CTRA scores 8 out of 10 in our technical rating. Although CTRA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- CTRA is currently trading in the upper part of its 52 week range, while the S&P500 Index is trading in the lower part of its yearly range. So CTRA is doing quite good in this market.
- In the last month CTRA has a been trading in the 24.68 - 29.06 range, which is quite wide. It is currently trading near the high of this range.
- CTRA has an average volume of 8731320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, CTRA turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
- CTRA is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 44% of 207 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
Although CTRA has an excellent technical rating, the quality of the presented setup is not ideal 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
22.37
When analyzing the support we can see 4 important areas.
- A support zone ranging from 26.32 to 26.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.40 to 25.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 24.82 to 24.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 22.60 to 23.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @28.85 from a horizontal 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 | 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 | 49.22 | 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) | UP | POSITIVE | The current price of CTRA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.89 | NEUTRAL | The RSI value for CTRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests CTRA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.85 | OVERBOUGHT | The high Stochastics value suggests CTRA may be overbought. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for CTRA suggests some volalility. |
| Average Directional Index/ADX (14) | 38.51 | POSITIVE | The high ADX value value for CTRA suggests a strong trend. |
27.81
-1.04 (-3.6%)
COTERRA ENERGY INC / CTRA FAQ
What is the technical rating for CTRA stock?
ChartMill assigns a technical rating of 8 / 10 to CTRA.
Can you provide the trend direction for COTERRA ENERGY INC?
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 60.8906. 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 0.234927, indicating a bearish trend.
What is the short term momentum for CTRA stock?
The short term momentum for COTERRA ENERGY INC (CTRA) is positive.