COTERRA ENERGY INC (CTRA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CTRA - US1270971039 - Common Stock
Taking everything into account, CTRA scores 6 out of 10 in our technical rating. In the last year, CTRA was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month CTRA has a been trading in the 24.68 - 28.48 range, which is quite wide. It is currently trading near the high of this range.
- CTRA has an average volume of 8143720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, CTRA outperforms 58% of them, which is more or less in line with the market.
- CTRA is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, CTRA did better than 56% of them.
- CTRA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CTRA is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, CTRA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 26.12, a Stop Loss order could be placed below this zone.
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22.37
When analyzing the support we can see 3 important areas.
- A support zone ranging from 25.81 to 26.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.82 to 25.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 22.60 to 23.09. 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 CTRA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTRA is up. |
| ChartMill Relative Strength | 58.02 | 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) | 65.56 | 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. |
| Stochastics (14,3) | 65 | NEUTRAL | The Stochastics value for CTRA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.02 | MEDIUM VOLATILITY | The ATR as a percentage value for CTRA suggests some volalility. |
| Average Directional Index/ADX (14) | 27.56 | 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 |
|---|---|---|---|
| 28.49 | 25.80 | 2.69 (9.44%) | 10.59% |
| An entry @28.49. This is a Buy Stop order right above the 10 day high. | An exit @25.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.69 points, which is 9.44%. | When investing 10.59% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
27.42
+0.14 (+0.51%)
COTERRA ENERGY INC / CTRA FAQ
What is the technical rating for CTRA stock?
ChartMill assigns a technical rating of 6 / 10 to CTRA.
Can you provide the trend direction for COTERRA ENERGY INC?
The current trend direction for COTERRA ENERGY INC (CTRA) is Bearish.
What is the RSI signal for COTERRA ENERGY INC (CTRA) stock?
COTERRA ENERGY INC (CTRA) has an RSI value of 65.5635. 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 0.227471, indicating a bearish trend.
What is the short term momentum for CTRA stock?
The short term momentum for COTERRA ENERGY INC (CTRA) is positive.