SILVERBOW RESOURCES INC (SBOW) Stock Technical Analysis
NYSE:SBOW - New York Stock Exchange, Inc. - US82836G1022 - Common Stock - Currency: USD
Taking everything into account, SBOW scores 5 out of 10 in our technical rating. SBOW has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
SBOW is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 81% of 213 stocks in the same industry.
SBOW 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 SBOW is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
SBOW is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SBOW is lagging the market slightly.
SBOW has an average technical rating and it also does not offer a high 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
28.75
39.60
When analyzing the support we can see 5 important areas.
- A support zone ranging from 36.81 to 36.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.09 from a trend line in the weekly time frame.
- Support @32.35 from a trend line in the daily time frame.
- Support @31.39 from a trend line in the daily time frame.
- Support @29.04 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 36.83 to 37.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 38.05 to 38.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 39.20 to 39.21. 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 | UP | POSITIVE | The long term trend for SBOW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SBOW is neutral. |
| ChartMill Relative Strength | 76.11 | POSITIVE | SBOW has a high relative strength, it outperformed 76.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SBOW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SBOW is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SBOW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.27 | NEUTRAL | The RSI value for SBOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests SBOW has a negative trend. |
| Stochastics (14,3) | 32.16 | NEUTRAL | The Stochastics value for SBOW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for SBOW suggests some volalility. |
| Average Directional Index/ADX (14) | 21.63 | NEUTRAL | The ADX value for SBOW suggests a possible start of a new 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)
36.82
-0.91 (-2.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.41%
1 Week-2.93%
2 Weeks-5.64%
1 Month-2.67%
3 Month18.77%
6 Month40.59%
12 Month-0.51%
2 Year-18.52%
3 Year85.77%
5 Year254.38%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.95
ATR(20)%2.35%
ATR Inc183.29%
Range Today2.69
ADR(20)0.84
ADR(20)%2.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.11
Mansfield-0.32
10 Day High39.59
10 Day Low35.31
20 Day High39.59
20 Day Low35.31
52 Week High43.95
52 Week Low25.19
CS1 End36.81
CR1 Start36.83
Volume & EV
DER(3)2.6%
DER(5)2.45%
Volume2.06M
Volume Incr82.72%
Vol(5)919.24K
Vol(50)781.17K