Londinia Opportunities Analyses - 04/26/2024 (GMT) COTERRA ENERGY INC. - Daily

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	CTRA
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 27.45 USD

My targets

29.26 USD (+3.28%)

32.63 USD (+15.18%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on COTERRA ENERGY INC. as long as the price remains well above 27.45 USD. The buyers' bullish objective is set at 29.26 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 32.63 USD. If there is any crossing, the next objective would be the resistance located at 59.73 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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.

Additional analysis

Quotes

The COTERRA ENERGY INC. price is 28.33 USD. The price registered a decrease of -0.35% on the session with the lowest point at 28.11 USD and the highest point at 28.40 USD. The deviation from the price is +0.78% for the low point and -0.25% for the high point.

28.11

28.40

28.33

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 COTERRA ENERGY INC. in Journalier shows a strongly overall bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	24.20	25.44	27.45	28.33	28.37	29.26	32.63
Change (%)	-14.58%	-10.20%	-3.11%	-	+0.14%	+3.28%	+15.18%
Change	-4.13	-2.89	-0.88	-	+0.04	+0.93	+4.30
Level	Intermediate	Minor	Major	-	Major	Intermediate	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27.72	27.93	28.18	28.39	28.64	28.85	29.10
Camarilla	28.30	28.35	28.39	28.43	28.47	28.51	28.56
Woodie	27.74	27.94	28.20	28.40	28.66	28.86	29.12
Fibonacci	27.93	28.11	28.21	28.39	28.57	28.67	28.85

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.77	26.20	26.98	27.41	28.19	28.62	29.40
Camarilla	27.42	27.53	27.64	27.75	27.86	27.97	28.08
Woodie	25.94	26.29	27.15	27.50	28.36	28.71	29.57
Fibonacci	26.20	26.67	26.95	27.41	27.88	28.16	28.62

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.95	24.81	26.34	27.20	28.73	29.59	31.12
Camarilla	27.22	27.44	27.66	27.88	28.10	28.32	28.54
Woodie	24.30	24.98	26.69	27.37	29.08	29.76	31.47
Fibonacci	24.81	25.72	26.28	27.20	28.11	28.67	29.59

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):	63.85
MACD (12,26,9):	0.3200
Directional Movement:	13.90
AROON (14):	50.00
DEMA (21):	28.27
Parabolic SAR (0,02-0,02-0,2):	26.98
Elder Ray (13):	0.30
Super Trend (3,10):	27.16
Zig ZAG (10):	28.34
VORTEX (21):	1.0600
Stochastique (14,3,5):	91.71
TEMA (21):	28.18
Williams %R (14):	-13.26
Chande Momentum Oscillator (20):	0.16
Repulse (5,40,3):	2.4900
ROCnROLL:	1
TRIX (15,9):	0.1700
Courbe Coppock:	0.56

MA7:	28.04
MA20:	27.94
MA50:	26.96
MA100:	25.90
MAexp7:	28.12
MAexp20:	27.81
MAexp50:	27.11
MAexp100:	26.55
Price / MA7:	+1.03%
Price / MA20:	+1.40%
Price / MA50:	+5.08%
Price / MA100:	+9.38%
Price / MAexp7:	+0.75%
Price / MAexp20:	+1.87%
Price / MAexp50:	+4.50%
Price / MAexp100:	+6.70%

Quotes : - 15 min delayed data - Actions NYSE