CIMAREX ENERGY CO - Daily - Technical analysis published on 11/21/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
CIMAREX ENERGY CO Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
50%
11%
39%
My opinion
Bullish above 41.30 USD
My targets
47.14 USD (+2.52%)
53.77 USD (+16.94%)
My analysis
The strong short-term increase of CIMAREX ENERGY CO should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 41.30 USD, a purchase could be considered. The first bullish objective is located at 47.14 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 53.77 USD. If there is any crossing, the next objective would be the resistance at 65.55 USD. Caution, if there is a return under 41.30 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
2.3
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This analysis was given by Vincent Launay.
Additional analysis
Quotes
The CIMAREX ENERGY CO price is 45.98 USD. The price registered an increase of +1.75% on the session and was between 44.57 USD and 46.93 USD. This implies that the price is at +3.16% from its lowest and at -2.02% from its highest.44.57
46.93
45.98
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of CIMAREX ENERGY CO indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 33.93 | 37.63 | 41.30 | 45.98 | 47.14 | 53.77 | 65.55 |
| Change (%) | -26.21% | -18.16% | -10.18% | - | +2.52% | +16.94% | +42.56% |
| Change | -12.05 | -8.35 | -4.68 | - | +1.16 | +7.79 | +19.57 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.12 | 43.12 | 44.15 | 45.15 | 46.18 | 47.18 | 48.21 |
| Camarilla | 44.63 | 44.82 | 45.00 | 45.19 | 45.38 | 45.56 | 45.75 |
| Woodie | 42.15 | 43.13 | 44.18 | 45.16 | 46.21 | 47.19 | 48.24 |
| Fibonacci | 43.12 | 43.89 | 44.37 | 45.15 | 45.92 | 46.40 | 47.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.01 | 43.12 | 44.89 | 46.00 | 47.77 | 48.88 | 50.64 |
| Camarilla | 45.86 | 46.13 | 46.39 | 46.66 | 46.92 | 47.18 | 47.45 |
| Woodie | 42.34 | 43.29 | 45.22 | 46.17 | 48.09 | 49.04 | 50.97 |
| Fibonacci | 43.12 | 44.22 | 44.90 | 46.00 | 47.10 | 47.78 | 48.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.44 | 36.04 | 39.04 | 43.64 | 46.64 | 51.24 | 54.23 |
| Camarilla | 39.95 | 40.64 | 41.34 | 42.04 | 42.73 | 43.43 | 44.13 |
| Woodie | 30.64 | 35.64 | 38.24 | 43.24 | 45.83 | 50.83 | 53.43 |
| Fibonacci | 36.04 | 38.94 | 40.74 | 43.64 | 46.54 | 48.33 | 51.24 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.14 | |
| MACD (12,26,9): | 0.3500 | |
| Directional Movement: | 7.27 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 45.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 44.10 | |
| Elder Ray (13): | 0.21 | |
| Super Trend (3,10): | 47.54 | |
| Zig ZAG (10): | 45.98 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 53.88 | |
| TEMA (21): | 46.12 | |
| Williams %R (14): | -50.81 | |
| Chande Momentum Oscillator (20): | -0.88 | |
| Repulse (5,40,3): | 2.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 8.49 |
| MA7: | 45.73 | |
| MA20: | 45.14 | |
| MA50: | 45.75 | |
| MA100: | 46.02 | |
| MAexp7: | 45.79 | |
| MAexp20: | 45.32 | |
| MAexp50: | 45.43 | |
| MAexp100: | 47.97 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | +1.86% | |
| Price / MA50: | +0.50% | |
| Price / MA100: | -0.09% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +1.46% | |
| Price / MAexp50: | +1.21% | |
| Price / MAexp100: | -4.15% |
News
Don"t forget to follow the news on CIMAREX ENERGY CO. At the time of publication of this analysis, the latest news was as follows:
- Cimarex Reports Third Quarter 2019 Results
- Cimarex Schedules Third Quarter 2019 Earnings Release and Conference Call
- Cimarex Announces Changes to its Board of Directors: Kathleen Hogenson Joins Following the Retirement of Michael Sullivan
- Cimarex Energy Approves Dividend on Preferred Stock
- Cimarex Energy Declares Quarterly Cash Dividend
This member declared not having a position on this financial instrument or a related financial instrument.
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