GULFPORT ENERGY CORP (GPOR) Stock Technical Analysis
NYSE:GPOR - New York Stock Exchange, Inc. - US4026355028 - Common Stock - Currency: USD
Taking everything into account, GPOR scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, GPOR has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
GPOR is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 85% of 213 stocks in the same industry.
GPOR is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GPOR is leading the market.
GPOR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that GPOR is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
GPOR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 194.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 194.20, a Stop Loss order could be placed below this zone.
More info and screens
146.21
200.20
4 important support areas can be observed.
- A support zone ranging from 191.25 to 194.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @165.56 from a trend line in the daily time frame.
- Support @159.20 from a horizontal line in the daily time frame.
- Support @147.69 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 194.97 to 198.22. This zone is formed by a combination of multiple trend lines and important moving averages 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 GPOR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GPOR is up. |
| ChartMill Relative Strength | 86.54 | POSITIVE | GPOR has a high relative strength, it outperformed 86.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GPOR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GPOR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GPOR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.92 | NEUTRAL | The RSI value for GPOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests GPOR has a negative trend. |
| Stochastics (14,3) | 62.05 | NEUTRAL | The Stochastics value for GPOR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for GPOR suggests some volalility. |
| Average Directional Index/ADX (14) | 19.82 | NEGATIVE | The low ADX value for GPOR 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)
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 |
|---|---|---|---|
| 198.23 | 191.24 | 6.99 (3.53%) | 25.00% |
| An entry @198.23. This is a Buy Stop order right above the resistance zone. | An exit @191.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.99 points, which is 3.53%. | For a 0.88% 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 GPOR. 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.
194.21
-0.49 (-0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.25%
1 Week0.56%
2 Weeks-1.34%
1 Month12.59%
3 Month14.38%
6 Month10.47%
12 Month20.02%
2 Year100.18%
3 Year100.73%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.77
ATR(20)%2.8%
ATR Inc-43.18%
Range Today2.66
ADR(20)5.26
ADR(20)%2.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.54
Mansfield1.37
10 Day High198.89
10 Day Low190.31
20 Day High200.75
20 Day Low170.78
52 Week High201.18
52 Week Low130.02
CS1 End194.2
CR1 Start194.97
Volume & EV
DER(3)-1.01%
DER(5)-0.43%
Volume175.70K
Volume Incr-27.47%
Vol(5)169.78K
Vol(50)234.48K