CALLON PETROLEUM CO.

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	CPE
ISIN:

CALLON PETROLEUM CO. - Daily - Technical analysis published on 01/13/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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CALLON PETROLEUM CO. Chart

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 4.46 USD

My targets

4.13 USD (-1.67%)

3.76 USD (-10.48%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CALLON PETROLEUM CO. as long as the price remains well below 4.46 USD. The sellers” bearish objective is set at 4.13 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.76 USD. In case of crossing, the next objective would be the support located at 3.30 USD.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

FORCE

5.5

Comment on the analysis

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 CALLON PETROLEUM CO. rating is 4.20 USD. The price registered a decrease of -3.67% on the session with the lowest point at 4.17 USD and the highest point at 4.32 USD. The deviation from the price is +0.72% for the low point and -2.78% for the high point.

4.17

4.32

4.20

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in Daily of this CALLON PETROLEUM CO. chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.30	3.76	4.13	4.20	4.64	5.70	6.71
Change (%)	-21.43%	-10.48%	-1.67%	-	+10.48%	+35.71%	+59.76%
Change	-0.90	-0.44	-0.07	-	+0.44	+1.50	+2.51
Level	Major	Major	Intermediate	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.96	4.07	4.21	4.32	4.46	4.57	4.71
Camarilla	4.29	4.31	4.34	4.36	4.38	4.41	4.43
Woodie	3.99	4.08	4.24	4.33	4.49	4.58	4.74
Fibonacci	4.07	4.16	4.22	4.32	4.41	4.47	4.57

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.33	4.49	4.66	4.82	4.99	5.15	5.32
Camarilla	4.74	4.77	4.80	4.83	4.86	4.89	4.92
Woodie	4.34	4.49	4.67	4.82	5.00	5.15	5.33
Fibonacci	4.49	4.62	4.69	4.82	4.95	5.02	5.15

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.54	3.06	3.94	4.46	5.34	5.86	6.74
Camarilla	4.45	4.57	4.70	4.83	4.96	5.09	5.22
Woodie	2.73	3.15	4.13	4.55	5.53	5.95	6.93
Fibonacci	3.06	3.59	3.92	4.46	4.99	5.32	5.86

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):	41.96
MACD (12,26,9):	0.0700
Directional Movement:	-9.63
AROON (14):	-35.71
DEMA (21):	4.65
Parabolic SAR (0,02-0,02-0,2):	4.90
Elder Ray (13):	-0.31
Super Trend (3,10):	4.15
Zig ZAG (10):	4.20
VORTEX (21):	0.9500
Stochastique (14,3,5):	11.79
TEMA (21):	4.62
Williams %R (14):	-96.30
Chande Momentum Oscillator (20):	-0.63
Repulse (5,40,3):	-7.2000
ROCnROLL:	2
TRIX (15,9):	0.5400
Courbe Coppock:	0.05

MA7:	4.59
MA20:	4.63
MA50:	4.27
MA100:	4.25
MAexp7:	4.50
MAexp20:	4.52
MAexp50:	4.39
MAexp100:	4.55
Price / MA7:	-8.50%
Price / MA20:	-9.29%
Price / MA50:	-1.64%
Price / MA100:	-1.18%
Price / MAexp7:	-6.67%
Price / MAexp20:	-7.08%
Price / MAexp50:	-4.33%
Price / MAexp100:	-7.69%

News

Don"t forget to follow the news on CALLON PETROLEUM CO.. 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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