COTERRA ENERGY INC (CTRA) Stock Technical Analysis
NYSE:CTRA - New York Stock Exchange, Inc. - US1270971039 - Common Stock - Currency: USD
Taking everything into account, CTRA scores 1 out of 10 in our technical rating. CTRA'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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, CTRA is a bad performer in the overall market: 69% of all stocks are doing better.
CTRA 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 CTRA has a been trading in the 22.95 - 24.75 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CTRA has an average volume of 7029970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CTRA is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 57% of 208 stocks in the same industry.
Although the technical rating is bad, CTRA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 24.05, a Stop Loss order could be placed below this zone.
More info and screens
22.37
29.38
When analyzing the support we can see 2 important areas.
- A support zone ranging from 23.68 to 24.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.60 to 22.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @25.52 from a trend line in the daily time frame.
- Resistance @26.06 from a trend line in the weekly time frame.
- A resistance zone ranging from 26.97 to 26.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @29.09 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 | DOWN | NEGATIVE | The long term trend for CTRA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CTRA is neutral. |
| ChartMill Relative Strength | 31.19 | 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) | DOWN | NEGATIVE | The current price of CTRA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CTRA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.87 | NEUTRAL | The RSI value for CTRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests CTRA has a positive trend. |
| Stochastics (14,3) | 53.09 | NEUTRAL | The Stochastics value for CTRA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for CTRA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.55 | NEGATIVE | The low ADX value for CTRA suggests a weak or negative 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)
24.22
+0.24 (+1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1%
1 Week-0.12%
2 Weeks-0.29%
1 Month0.12%
3 Month-2.34%
6 Month-11.99%
12 Month0.79%
2 Year-14.08%
3 Year-21.64%
5 Year318.31%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%2.4%
ATR Inc-31.05%
Range Today0.41
ADR(20)0.56
ADR(20)%2.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.19
Mansfield-1.37
10 Day High24.71
10 Day Low23.41
20 Day High24.75
20 Day Low22.95
52 Week High29.95
52 Week Low22.3
CS1 End24.05
CR1 Start25.52
Volume & EV
DER(3)0.55%
DER(5)-0.68%
Volume4.69M
Volume Incr-29.45%
Vol(5)5.05M
Vol(50)7.03M