CIVITAS RESOURCES INC (CIVI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CIVI - US17888H1032 - Common Stock
Taking everything into account, CIVI scores 1 out of 10 in our technical rating. CIVI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, CIVI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 29.38. Right above this resistance zone may be a good entry point.
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25.55
When analyzing the support we can see 3 important areas.
- Support @29.15 from a horizontal line in the daily time frame.
- A support zone ranging from 27.28 to 28.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.81 to 25.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 29.38 to 29.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @32.05 from a horizontal line in the daily time frame.
- Resistance @36.44 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for CIVI is neutral. |
| ChartMill Relative Strength | 9.78 | NEGATIVE | CIVI has a low relative strength, it was outperformed by 90.22% 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) | DOWN | NEGATIVE | The current price of CIVI is below a declining 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) | 55.25 | 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) | 74.97 | NEUTRAL | The Stochastics value for CIVI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.57 | MEDIUM VOLATILITY | The ATR as a percentage value for CIVI suggests some volalility. |
| Average Directional Index/ADX (14) | 14.1 | NEGATIVE | The low ADX value for CIVI suggests a weak or negative trend. |
29.37
+0.92 (+3.23%)
CIVITAS RESOURCES INC / CIVI FAQ
What is the technical rating for CIVI stock?
ChartMill assigns a technical rating of 1 / 10 to CIVI.
What is the current trend direction of CIVITAS RESOURCES INC (CIVI) stock?
The current trend direction for CIVITAS RESOURCES INC (CIVI) is Bearish.
What is the RSI signal for CIVITAS RESOURCES INC (CIVI) stock?
CIVITAS RESOURCES INC (CIVI) has an RSI value of 55.2481. This indicates that the stock is currently neutral.
What is the short term momentum for CIVITAS RESOURCES INC (CIVI) stock?
The short term momentum for CIVITAS RESOURCES INC (CIVI) is neutral.
What is the support and resistance level for CIVI stock?
CIVITAS RESOURCES INC (CIVI) has a support level at 29.15 and a resistance level at 29.38. Check the full technical report for our detailed analysis of CIVI support and resistance levels.