Continental Resources Technical Analysis (NYSE:CLR)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Continental Resources stock price data and volume are plotted in CLR stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Continental Resources. Technical analysis uses an approach for Continental Resources stock analysis that does not care for the fair value of a company but uses price and volume data only.
Continental Resources Moving Average
Moving averages help predict the price direction of CLR stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $62.86 is above the last closing price of $61.4 and the 50 day moving average of $63.37 is above the last closing price of $61.4. The 10 and 20 day periods can predict short term moving average trends.
Continental Resources Bollinger Bands
Bollinger bands comprise of a center line usually CLR SMA, and two CLR stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Continental Resources bollinger bands show that the stock price is $61.4, upper band is 64.99, lower band is 60.74, and the average is 62.86.
Continental Resources Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Continental Resources MACD line is below the signal line.
Continental Resources Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of CLR stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.