Goodrich Petroleum Corporation (GDP)
Common Stock
Taking everything into account, GDP scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, GDP has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that GDP is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by GDP over the past year are nicely spread over this period.
GDP is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry. GDP outperforms 98% of them.
GDP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GDP is performing more or less in line with the market.
In the last month GDP has a been trading in a tight range between 22.92 and 23.20.
Besides having an excellent technical rating, GDP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. 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
13.30
23.25
When analyzing the support we can see 4 important areas.
- A support zone ranging from 20.42 to 20.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.06 from a horizontal line in the daily time frame.
- Support @19.41 from a trend line in the weekly time frame.
- Support @13.43 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.63
Mansfield3.99
10 Day High23.02
10 Day Low22.94
20 Day High23.2
20 Day Low22.92
52 Week High26.66
52 Week Low8.61
Performance
1 Week0.13%
2 Weeks0.35%
1 Month-0.13%
3 Month9.2%
6 Month59.31%
12 Month123.93%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.05
RSI(14)59.05
LBB22.91
UBB23.02
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 |
|---|---|---|---|
| 23.03 | 22.93 | 0.10 (0.43%) | 25.00% |
| An entry @23.03. This is a Buy Stop order right above the 10 day high. | An exit @22.93. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.10 points, which is 0.43%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.11%. |
- 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.
Goodrich Petroleum Corporation
NYSEARCA:GDP (12/22/2021, 7:20:48 PM)
After market: 22.99 -0.03 (-0.13%)23.02
+0.05 (+0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.22%
1 Week0.13%
2 Weeks0.35%
1 Month-0.13%
3 Month9.2%
6 Month59.31%
12 Month123.93%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.07
ATR(20)%0.38%
ATR Inc
Range Today0.05
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High23.02
10 Day Low22.94
20 Day High23.2
20 Day Low22.92
52 Week High26.66
52 Week Low8.61
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume148.40K
Volume Incr-44.06%
Vol(5)139.04K
Vol(50)156.62K