CONTINENTAL RESOURCES INC. - Daily - Technical analysis published on 11/12/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
CONTINENTAL RESOURCES INC. Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
83%
0%
17%
My opinion
Bullish above 30.03 USD
My targets
36.17 USD (+13.96%)
42.42 USD (+33.65%)
My analysis
The current short-term bullish acceleration on CONTINENTAL RESOURCES INC. should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 30.03 USD. Short-term buyers will use the resistance located at 36.17 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 42.42 USD. Crossing this resistance would then open the door for buyers to target 45.24 USD. Caution, if there is a return to under 30.03 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
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
3.8
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 Vincent Launay.
Additional analysis
Quotes
The CONTINENTAL RESOURCES INC. price is 31.74 USD. On the day, this instrument lost -3.00% with the lowest point at 31.59 USD and the highest point at 32.31 USD. The deviation from the price is +0.47% for the low point and -1.76% for the high point.31.59
32.31
31.74
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
Here is a more detailed summary of the historical variations registered by CONTINENTAL RESOURCES INC.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of CONTINENTAL RESOURCES INC. indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
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 | 16.04 | 22.71 | 30.03 | 31.74 | 36.17 | 42.42 | 45.24 |
| Change (%) | -49.46% | -28.45% | -5.39% | - | +13.96% | +33.65% | +42.53% |
| Change | -15.70 | -9.03 | -1.71 | - | +4.43 | +10.68 | +13.50 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.72 | 31.27 | 31.99 | 32.54 | 33.26 | 33.81 | 34.53 |
| Camarilla | 32.37 | 32.49 | 32.60 | 32.72 | 32.84 | 32.95 | 33.07 |
| Woodie | 30.82 | 31.31 | 32.09 | 32.58 | 33.36 | 33.85 | 34.63 |
| Fibonacci | 31.27 | 31.75 | 32.05 | 32.54 | 33.02 | 33.32 | 33.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.13 | 29.99 | 31.33 | 32.19 | 33.53 | 34.39 | 35.72 |
| Camarilla | 32.07 | 32.27 | 32.47 | 32.67 | 32.87 | 33.07 | 33.27 |
| Woodie | 29.37 | 30.11 | 31.57 | 32.31 | 33.77 | 34.51 | 35.96 |
| Fibonacci | 29.99 | 30.83 | 31.35 | 32.19 | 33.03 | 33.55 | 34.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.95 | 25.08 | 27.25 | 29.39 | 31.56 | 33.69 | 35.86 |
| Camarilla | 28.24 | 28.64 | 29.03 | 29.42 | 29.82 | 30.21 | 30.61 |
| Woodie | 22.97 | 25.09 | 27.27 | 29.40 | 31.58 | 33.70 | 35.88 |
| Fibonacci | 25.08 | 26.73 | 27.74 | 29.39 | 31.03 | 32.05 | 33.69 |
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): | 57.37 | |
| MACD (12,26,9): | 0.6400 | |
| Directional Movement: | 8.29 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 31.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.98 | |
| Elder Ray (13): | 1.08 | |
| Super Trend (3,10): | 28.29 | |
| Zig ZAG (10): | 31.74 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 89.09 | |
| TEMA (21): | 32.05 | |
| Williams %R (14): | -24.19 | |
| Chande Momentum Oscillator (20): | 2.83 | |
| Repulse (5,40,3): | 0.8200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 22.78 |
| MA7: | 31.73 | |
| MA20: | 29.71 | |
| MA50: | 30.49 | |
| MA100: | 32.86 | |
| MAexp7: | 31.60 | |
| MAexp20: | 30.45 | |
| MAexp50: | 30.72 | |
| MAexp100: | 32.84 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | +6.83% | |
| Price / MA50: | +4.10% | |
| Price / MA100: | -3.41% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +4.24% | |
| Price / MAexp50: | +3.32% | |
| Price / MAexp100: | -3.35% |
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.
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