CONTINENTAL RESOURCES INC. - 1H - Technical analysis published on 02/01/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
CONTINENTAL RESOURCES INC. Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 53.66 USD
My targets
55.79 USD (+1.44%)
58.01 USD (+5.47%)
My analysis
CONTINENTAL RESOURCES INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 53.66 USD. The next resistance located at 55.79 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 58.01 USD. After this resistance, buyers could then target 71.79 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Smurph77.
Additional analysis
Quotes
CONTINENTAL RESOURCES INC. rating 55.00 USD. The price has increased by +5.89% since the last closing and was between 51.59 USD and 55.67 USD. This implies that the price is at +6.61% from its lowest and at -1.20% from its highest.51.59
55.67
55.00
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CONTINENTAL RESOURCES INC.:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CONTINENTAL RESOURCES INC. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 50.95 | 52.25 | 53.66 | 55.00 | 55.79 | 58.01 | 71.79 |
| Change (%) | -7.36% | -5.00% | -2.44% | - | +1.44% | +5.47% | +30.53% |
| Change | -4.05 | -2.75 | -1.34 | - | +0.79 | +3.01 | +16.79 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.47 | 48.73 | 50.34 | 51.60 | 53.21 | 54.47 | 56.08 |
| Camarilla | 51.15 | 51.41 | 51.68 | 51.94 | 52.20 | 52.47 | 52.73 |
| Woodie | 47.64 | 48.82 | 50.51 | 51.69 | 53.38 | 54.56 | 56.25 |
| Fibonacci | 48.73 | 49.83 | 50.51 | 51.60 | 52.70 | 53.38 | 54.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.11 | 40.80 | 46.40 | 51.09 | 56.69 | 61.38 | 66.98 |
| Camarilla | 49.16 | 50.10 | 51.05 | 51.99 | 52.93 | 53.88 | 54.82 |
| Woodie | 36.56 | 41.03 | 46.85 | 51.32 | 57.14 | 61.61 | 67.43 |
| Fibonacci | 40.80 | 44.73 | 47.16 | 51.09 | 55.02 | 57.45 | 61.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.21 | 39.29 | 45.62 | 50.70 | 57.03 | 62.11 | 68.44 |
| Camarilla | 48.80 | 49.85 | 50.89 | 51.94 | 52.99 | 54.03 | 55.08 |
| Woodie | 34.83 | 39.60 | 46.24 | 51.01 | 57.65 | 62.42 | 69.06 |
| Fibonacci | 39.29 | 43.65 | 46.35 | 50.70 | 55.06 | 57.76 | 62.11 |
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): | 64.82 | |
| MACD (12,26,9): | 0.3500 | |
| Directional Movement: | 10.79 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 52.87 | |
| Parabolic SAR (0,02-0,02-0,2): | 50.57 | |
| Elder Ray (13): | 1.75 | |
| Super Trend (3,10): | 50.50 | |
| Zig ZAG (10): | 55.23 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 86.34 | |
| TEMA (21): | 52.98 | |
| Williams %R (14): | -7.94 | |
| Chande Momentum Oscillator (20): | 4.27 | |
| Repulse (5,40,3): | 7.3700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 3.38 |
| MA7: | 52.53 | |
| MA20: | 50.94 | |
| MA50: | 47.43 | |
| MA100: | 47.46 | |
| MAexp7: | 53.11 | |
| MAexp20: | 52.51 | |
| MAexp50: | 51.99 | |
| MAexp100: | 51.10 | |
| Price / MA7: | +4.70% | |
| Price / MA20: | +7.97% | |
| Price / MA50: | +15.96% | |
| Price / MA100: | +15.89% | |
| Price / MAexp7: | +3.56% | |
| Price / MAexp20: | +4.74% | |
| Price / MAexp50: | +5.79% | |
| Price / MAexp100: | +7.63% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on CONTINENTAL RESOURCES INC. at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
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