CABOT OIL & GAS - Daily - Technical analysis published on 11/29/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
CABOT OIL & GAS Chart
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 17.14 USD
My targets
16.16 USD (-0.55%)
14.97 USD (-7.88%)
My analysis
CABOT OIL & GAS is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 17.14 USD. The next support located at 16.16 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 14.97 USD. Below this support, sellers could then target 11.56 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.8
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 CABOT OIL & GAS price is 16.25 USD. On the day, this instrument gained +1.50% with the lowest point at 15.93 USD and the highest point at 16.42 USD. The deviation from the price is +2.01% for the low point and -1.04% for the high point.15.93
16.42
16.25
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 CABOT OIL & GAS:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CABOT OIL & GAS in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.56 | 14.97 | 16.16 | 16.25 | 17.14 | 18.98 | 22.01 |
| Change (%) | -28.86% | -7.88% | -0.55% | - | +5.48% | +16.80% | +35.45% |
| Change | -4.69 | -1.28 | -0.09 | - | +0.89 | +2.73 | +5.76 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.90 | 15.40 | 15.71 | 16.21 | 16.52 | 17.02 | 17.33 |
| Camarilla | 15.79 | 15.86 | 15.94 | 16.01 | 16.08 | 16.16 | 16.23 |
| Woodie | 14.80 | 15.35 | 15.61 | 16.16 | 16.42 | 16.97 | 17.23 |
| Fibonacci | 15.40 | 15.71 | 15.90 | 16.21 | 16.52 | 16.71 | 17.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.33 | 14.62 | 15.51 | 16.80 | 17.69 | 18.98 | 19.87 |
| Camarilla | 15.79 | 15.99 | 16.19 | 16.39 | 16.59 | 16.79 | 16.99 |
| Woodie | 13.12 | 14.52 | 15.30 | 16.70 | 17.48 | 18.88 | 19.66 |
| Fibonacci | 14.62 | 15.46 | 15.97 | 16.80 | 17.64 | 18.15 | 18.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.90 | 15.91 | 17.22 | 18.22 | 19.54 | 20.54 | 21.85 |
| Camarilla | 17.89 | 18.11 | 18.32 | 18.53 | 18.74 | 18.96 | 19.17 |
| Woodie | 15.06 | 15.98 | 17.37 | 18.30 | 19.69 | 20.62 | 22.01 |
| Fibonacci | 15.91 | 16.79 | 17.34 | 18.22 | 19.11 | 19.65 | 20.54 |
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): | 37.43 | |
| MACD (12,26,9): | -0.4900 | |
| Directional Movement: | -14.38 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 16.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.81 | |
| Elder Ray (13): | -0.72 | |
| Super Trend (3,10): | 17.85 | |
| Zig ZAG (10): | 16.25 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 15.19 | |
| TEMA (21): | 16.23 | |
| Williams %R (14): | -87.02 | |
| Chande Momentum Oscillator (20): | -1.49 | |
| Repulse (5,40,3): | -0.7900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2300 | |
| Courbe Coppock: | 19.67 |
| MA7: | 16.38 | |
| MA20: | 17.50 | |
| MA50: | 17.70 | |
| MA100: | 18.21 | |
| MAexp7: | 16.51 | |
| MAexp20: | 17.18 | |
| MAexp50: | 17.72 | |
| MAexp100: | 18.73 | |
| Price / MA7: | -0.79% | |
| Price / MA20: | -7.14% | |
| Price / MA50: | -8.19% | |
| Price / MA100: | -10.76% | |
| Price / MAexp7: | -1.57% | |
| Price / MAexp20: | -5.41% | |
| Price / MAexp50: | -8.30% | |
| Price / MAexp100: | -13.24% |
News
The latest news and videos published on CABOT OIL & GAS at the time of the analysis were as follows:
- Cabot Oil & Gas Corporation Completes Divestiture of Its Ownership Interest in Meade Pipeline Co LLC, Provides Update on Share Repurchase Program
- Cabot Oil & Gas Corporation Reports Third Quarter 2019 Results, Increases Dividend by 11 Percent
- Cabot Oil & Gas Corporation Announces Third Quarter 2019 Earnings Release Date and Conference Call
- Cabot Oil & Gas Corporation Announces Agreement to Divest Non-Core Pipeline Interests for $256 Million, Provides Update on Share Repurchase Program
- Cabot Oil & Gas Corporation Reports Second Quarter 2019 Results, Expands Share Repurchase Program Authorization
This member declared not having a position on this financial instrument or a related financial instrument.
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