Comstock Resources Technical Analysis (NYSE:CRK)
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 Comstock Resources stock price data and volume are plotted in CRK stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Comstock Resources. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Comstock Resources stock analysis.
Comstock Resources Moving Average
Moving averages show the average price of CRK stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $9.68 is above the last closing price of $8.76 and the 50 day moving average of $10.24 is above the last closing price of $8.76. The 10 and 20 day periods can predict short term moving average trends.
Comstock Resources Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the CRK stock. Currently the stock price of $8.76 is in the lower range of Comstock Resources bollinger bands.
Comstock 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 Comstock Resources MACD indicator is below 0 indicating a bearish trend.
Comstock 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. 26.82 is the RSI value of CRK stock.