CALLON PETROLEUM CO (CPE) Stock Technical Analysis
NYSE:CPE - New York Stock Exchange, Inc. - US13123X5086 - Common Stock - Currency: USD
Overall CPE gets a technical rating of 7 out of 10. In the last year, CPE was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Both the short term and long term trends are positive. This is a very positive sign.
CPE is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 77% of 212 stocks in the same industry.
In the last month CPE has a been trading in the 31.27 - 36.25 range, which is quite wide. It is currently trading near the high of this range.
CPE has an average volume of 1918780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, CPE outperforms 60% of them, which is more or less in line with the market.
CPE is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, CPE also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 35.15, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
29.45
38.55
4 important support areas can be observed.
- A support zone ranging from 34.84 to 35.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 32.02 to 32.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 30.62 to 31.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.75 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @35.95 from a trend line in the daily time frame.
- Resistance @36.74 from a trend line in the weekly time frame.
- Resistance @38.17 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.28
Mansfield-1.05
10 Day High36.25
10 Day Low33.24
20 Day High36.25
20 Day Low31.27
52 Week High41.36
52 Week Low28.62
Performance
1 Week1.3%
2 Weeks5.61%
1 Month14.76%
3 Month10.37%
6 Month-8.59%
12 Month6.94%
2 Year-39.47%
3 Year-7.24%
5 Year-52.64%
10 Year-57.28%
15 Year228.07%
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)
Technical Indicators
MACD(12,26,9)0.18
RSI(14)63.3
LBB32.3
UBB36.46
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 35.96 | 34.83 | 1.13 (3.14%) | 25.00% |
| An entry @35.96. This is a Buy Stop order right above the resistance zone. | An exit @34.83. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.13 points, which is 3.14%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.79%. |
- The distance between exit and entry is rather small compared to the average daily movement of CPE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
35.76
+0.64 (+1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.82%
1 Week1.3%
2 Weeks5.61%
1 Month14.76%
3 Month10.37%
6 Month-8.59%
12 Month6.94%
2 Year-39.47%
3 Year-7.24%
5 Year-52.64%
10 Year-57.28%
15 Year228.07%
Volatility
ATR(14)1.06
ATR(20)%2.66%
ATR Inc18.53%
Range Today0.87
ADR(20)0.9
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.28
Mansfield-1.05
10 Day High36.25
10 Day Low33.24
20 Day High36.25
20 Day Low31.27
52 Week High41.36
52 Week Low28.62
CS1 End35.15
CR1 Start35.95
Volume & EV
DER(3)1.69%
DER(5)0.7%
Volume30.42M
Volume Incr589.24%
Vol(5)7.30M
Vol(50)1.92M