CONTANGO OIL & GAS (MCF) Stock Technical Analysis
NYSEARCA:MCF - NYSE Arca - Common Stock
Taking everything into account, MCF scores 2 out of 10 in our technical rating. Although MCF is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
MCF 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.
In the last month MCF has a been trading in the 2.97 - 4.37 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
MCF is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry. MCF outperforms 91% of them.
MCF has an average volume of 1171680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that MCF is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
The technical rating of MCF is bad and it also does not present a 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
3.07
4.83
We found 2 important support areas.
- Support @3.16 from a horizontal line in the weekly time frame.
- Support @3.10 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 3.42 to 3.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 3.76 to 3.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.10 to 4.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.78 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.76
Mansfield-2.52
10 Day High3.87
10 Day Low2.97
20 Day High4.37
20 Day Low2.97
52 Week High6.94
52 Week Low1.74
Performance
1 Week-7.47%
2 Weeks-7.47%
1 Month-24.59%
3 Month-10.56%
6 Month-28.92%
12 Month79.89%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)-0.04
RSI(14)34.89
LBB3.07
UBB3.89
3.22
+0.11 (+3.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.54%
1 Week-7.47%
2 Weeks-7.47%
1 Month-24.59%
3 Month-10.56%
6 Month-28.92%
12 Month79.89%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%7.55%
ATR Inc60.48%
Range Today0.22
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.76
Mansfield-2.52
10 Day High3.87
10 Day Low2.97
20 Day High4.37
20 Day Low2.97
52 Week High6.94
52 Week Low1.74
CS1 End3.16
CR1 Start3.42
Volume & EV
DER(3)5.99%
DER(5)1.2%
Volume3.62M
Volume Incr146.87%
Vol(5)2.69M
Vol(50)1.17M