CIVITAS RESOURCES INC (CIVI) Stock Technical Analysis
NYSE:CIVI - New York Stock Exchange, Inc. - US17888H1032 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to CIVI. Recently some decent action could be observed, but in the medium term time frame this is still negative. CIVI was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, CIVI is a bad performer in the overall market: 90% of all stocks are doing better.
CIVI is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 84% of 211 stocks in the same industry do better.
CIVI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
CIVI has an average volume of 2270790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month CIVI has a been trading in the 27.40 - 34.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CIVI 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
26.76
60.99
When analyzing the support we can see 3 important areas.
- A support zone ranging from 27.97 to 28.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.52 from a horizontal line in the daily time frame.
- Support @27.03 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- Resistance @32.37 from a trend line in the daily time frame.
- A resistance zone ranging from 33.36 to 33.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @35.80 from a trend line in the weekly time frame.
- Resistance @54.92 from a horizontal line in the daily time frame.
- Resistance @60.39 from a trend line in the weekly time frame.
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 CIVI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CIVI is up. |
| ChartMill Relative Strength | 10.12 | NEGATIVE | CIVI has a low relative strength, it was outperformed by 89.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CIVI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CIVI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CIVI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.1 | NEUTRAL | The RSI value for CIVI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests CIVI has a positive trend. |
| Stochastics (14,3) | 73.4 | NEUTRAL | The Stochastics value for CIVI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.76 | MEDIUM VOLATILITY | The ATR as a percentage value for CIVI suggests some volalility. |
| Average Directional Index/ADX (14) | 13.64 | NEGATIVE | The low ADX value for CIVI suggests a weak or negative 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)
32.34
+0.52 (+1.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.63%
1 Week8.82%
2 Weeks13.47%
1 Month2.9%
3 Month18.42%
6 Month-36.98%
12 Month-53.76%
2 Year-56.8%
3 Year-45.15%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.51
ATR(20)%4.76%
ATR Inc-4.18%
Range Today1.23
ADR(20)1.49
ADR(20)%4.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.12
Mansfield-3.32
10 Day High32.69
10 Day Low27.4
20 Day High34.25
20 Day Low27.4
52 Week High74.04
52 Week Low22.79
CS1 End28
CR1 Start32.37
Volume & EV
DER(3)1.6%
DER(5)2.41%
Volume1.24M
Volume Incr-32.71%
Vol(5)1.81M
Vol(50)2.27M