CIVITAS RESOURCES INC (CIVI) Stock Technical Analysis
USA - NYSE:CIVI - US17888H1032 - Common Stock
32.25 USD
-1.31 (-3.9%)
32.46 USD
+0.21 (+0.65%)
We assign a technical rating of 3 out of 10 to CIVI. 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, CIVI is a bad performer in the overall market: 91% of all stocks are doing better.
CIVI is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 81% of 210 stocks in the same industry do better.
In the last month CIVI has a been trading in the 31.53 - 37.45 range, which is quite wide. It is currently trading near the lows of this range.
CIVI has an average volume of 2491030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CIVI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CIVI is lagging the market.
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 very little resistance above the current price. There is a support zone below the current price at 32.24, a Stop Loss order could be placed below this zone.
More info and screens
26.76
37.16
When analyzing the support we can see 4 important areas.
- A support zone ranging from 32.05 to 32.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.08 from a trend line in the daily time frame.
- Support @27.85 from a horizontal line in the daily time frame.
- Support @27.03 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @34.96 from a trend line in the weekly time frame.
- A resistance zone ranging from 36.15 to 36.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 9.92 | NEGATIVE | CIVI has a low relative strength, it was outperformed by 90.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CIVI is below a declining 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) | 45.77 | NEUTRAL | The RSI value for CIVI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests CIVI has a negative trend. |
| Stochastics (14,3) | 11.51 | OVERSOLD | The low Stochastics value suggests CIVI may be oversold. |
| Average True Range in percent/ATR (20) | 4.77 | MEDIUM VOLATILITY | The ATR as a percentage value for CIVI suggests some volalility. |
| Average Directional Index/ADX (14) | 15.02 | 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)
32.25
-1.31 (-3.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-3.9%
1 Week-4.59%
2 Weeks-7.09%
1 Month-4.22%
3 Month-0.49%
6 Month-7.3%
12 Month-40.62%
2 Year-60.12%
3 Year-43.81%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.51
ATR(20)%4.77%
ATR Inc-8.62%
Range Today1.49
ADR(20)1.43
ADR(20)%4.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.92
Mansfield-2.58
10 Day High35.86
10 Day Low32.12
20 Day High37.45
20 Day Low31.53
52 Week High55.35
52 Week Low22.79
CS1 End32.24
CR1 Start34.96
Volume & EV
DER(3)0.45%
DER(5)0.69%
Volume2.12M
Volume Incr-36.13%
Vol(5)2.00M
Vol(50)2.49M