CONTINENTAL RESOURCES INC. - Daily - Technical analysis published on 02/01/2022 (GMT)
- 147
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
CONTINENTAL RESOURCES INC. Chart
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 52.25 USD
My targets
58.01 USD (+4.67%)
62.11 USD (+12.08%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CONTINENTAL RESOURCES INC. as long as the price remains well above 52.25 USD. The buyers' bullish objective is set at 58.01 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 62.11 USD. If there is any crossing, the next objective would be the resistance located at 71.79 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Smurph77.
Additional analysis
Quotes
CONTINENTAL RESOURCES INC. rating 55.42 USD. The price has increased by +6.70% since the last closing and was between 51.59 USD and 55.67 USD. This implies that the price is at +7.42% from its lowest and at -0.45% from its highest.51.59
55.67
55.42
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this CONTINENTAL RESOURCES INC. chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 42.70 | 47.47 | 52.25 | 55.42 | 58.01 | 71.79 | 80.64 |
| Change (%) | -22.95% | -14.35% | -5.72% | - | +4.67% | +29.54% | +45.51% |
| Change | -12.72 | -7.95 | -3.17 | - | +2.59 | +16.37 | +25.22 |
| Level | Major | Major | Major | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.47 | 48.73 | 50.34 | 51.60 | 53.21 | 54.47 | 56.08 |
| Camarilla | 51.15 | 51.41 | 51.68 | 51.94 | 52.20 | 52.47 | 52.73 |
| Woodie | 47.64 | 48.82 | 50.51 | 51.69 | 53.38 | 54.56 | 56.25 |
| Fibonacci | 48.73 | 49.83 | 50.51 | 51.60 | 52.70 | 53.38 | 54.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.11 | 40.80 | 46.40 | 51.09 | 56.69 | 61.38 | 66.98 |
| Camarilla | 49.16 | 50.10 | 51.05 | 51.99 | 52.93 | 53.88 | 54.82 |
| Woodie | 36.56 | 41.03 | 46.85 | 51.32 | 57.14 | 61.61 | 67.43 |
| Fibonacci | 40.80 | 44.73 | 47.16 | 51.09 | 55.02 | 57.45 | 61.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.21 | 39.29 | 45.62 | 50.70 | 57.03 | 62.11 | 68.44 |
| Camarilla | 48.80 | 49.85 | 50.89 | 51.94 | 52.99 | 54.03 | 55.08 |
| Woodie | 34.83 | 39.60 | 46.24 | 51.01 | 57.65 | 62.42 | 69.06 |
| Fibonacci | 39.29 | 43.65 | 46.35 | 50.70 | 55.06 | 57.76 | 62.11 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 65.24 | |
| MACD (12,26,9): | 1.7000 | |
| Directional Movement: | 8.95 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 52.97 | |
| Parabolic SAR (0,02-0,02-0,2): | 47.58 | |
| Elder Ray (13): | 1.88 | |
| Super Trend (3,10): | 45.95 | |
| Zig ZAG (10): | 55.26 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 73.37 | |
| TEMA (21): | 53.83 | |
| Williams %R (14): | -5.54 | |
| Chande Momentum Oscillator (20): | 4.84 | |
| Repulse (5,40,3): | 8.2200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4700 | |
| Courbe Coppock: | 12.33 |
| MA7: | 52.53 | |
| MA20: | 50.94 | |
| MA50: | 47.43 | |
| MA100: | 47.46 | |
| MAexp7: | 52.67 | |
| MAexp20: | 50.84 | |
| MAexp50: | 48.65 | |
| MAexp100: | 46.13 | |
| Price / MA7: | +5.50% | |
| Price / MA20: | +8.79% | |
| Price / MA50: | +16.85% | |
| Price / MA100: | +16.77% | |
| Price / MAexp7: | +5.22% | |
| Price / MAexp20: | +9.01% | |
| Price / MAexp50: | +13.92% | |
| Price / MAexp100: | +20.14% |
Quotes :
-
15 min delayed data
-
NYSE Stocks
News
Don't forget to follow the news on CONTINENTAL RESOURCES INC.. At the time of publication of this analysis, the latest news was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CONTINENTAL RESOURCES INC. - Daily