CONTANGO OIL & GAS (MCF) Technical Analysis
NYSEARCA:MCF
Current stock price
3.22
+0.11 (+3.54%)
At close:
3.22
0 (0%)
After Hours:
MCF Technical Rating and Analysis
Overall MCF gets a technical rating of 2 out of 10. Although MCF is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- MCF is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MCF is lagging the market.
- In the last month MCF has a been trading in the 2.97 - 4.37 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- MCF has an average volume of 1171680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that MCF is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- MCF is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, MCF did better than 69% of them.
MCF Weekly and Daily overview Charts
MCF Setup Rating and Analysis
The technical rating of MCF is bad and it also does not present a quality setup 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
MCF Support and Resistance Analysis
3.07
4.83
We found 2 important support areas.
- Support @3.16 from a horizontal line in the weekly time frame.
- Support @3.10 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 3.42 to 3.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 3.76 to 3.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.10 to 4.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.78 from a horizontal line in the daily time frame.
MCF Technical Indicator Signal Analysis
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 MCF is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MCF is down. |
| ChartMill Relative Strength | 91.76 | POSITIVE | MCF has a high relative strength, it outperformed 91.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MCF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MCF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MCF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.89 | NEUTRAL | The RSI value for MCF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MCF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.5 | OVERSOLD | The low Stochastics value suggests MCF may be oversold. |
| Average True Range in percent/ATR (20) | 7.55 | HIGH VOLATILITY | The high ATR as a percentage value for MCF suggests high volalility. |
MCF Chart- and CandleStick Pattern Analysis
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)
MCF Technicals: Chart, Performance Metrics, Trend & Indicators
3.22
+0.11 (+3.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.54%
1 Week-7.47%
2 Weeks-7.47%
1 Month-24.59%
3 Month-10.56%
6 Month-28.92%
12 Month79.89%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%7.55%
ATR Inc60.48%
Range Today0.22
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.76
3 months CRSN/A
6 months CRSN/A
Mansfield-2.52
10 Day High3.87
10 Day Low2.97
20 Day High4.37
20 Day Low2.97
52 Week High6.94
52 Week Low1.74
CS1 End3.16
CR1 Start3.42
Volume & EV
DER(3)5.99%
DER(5)1.2%
Volume3.62M
Volume Incr146.87%
Vol(5)2.69M
Vol(50)1.17M
CONTANGO OIL & GAS / MCF TA FAQ
What is the ChartMill technical rating of CONTANGO OIL & GAS (MCF) stock?
ChartMill assigns a technical rating of 1 / 10 to MCF.
What is the current trend direction of CONTANGO OIL & GAS (MCF) stock?
The current trend direction for CONTANGO OIL & GAS (MCF) is Bearish.
What is the RSI signal for CONTANGO OIL & GAS (MCF) stock?
CONTANGO OIL & GAS (MCF) has an RSI value of 34.8862. This indicates that the stock is currently neutral.
What is the MACD signal for MCF stock?
The MACD indicator for CONTANGO OIL & GAS (MCF) has a value of -0.0359087, indicating a bearish trend.
What is the buy/sell signal for MCF stock?
The buy/sell signal for CONTANGO OIL & GAS (MCF) is sell as both the short term and long term trends are negative.