Callon Petroleum (CPE)

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Price Alert: Callon Petroleum Company (NYSE:CPE) Stock Nears Resistance -- Technicals Hit Strength

Callon Petroleum Company technical rating as of 2018-01-26
(CPE Price of Stock at Publication: $12.44)

Price Alert: Callon Petroleum Company (NYSE:CPE) has now crossed into technical strength -- watch the technical oscillators for momentum gaps. The company has not quite broken out to extreme strength, but rather sits at a four bull momentum rating -- that is strength but not yet through technical resistance.

The risk here is that the stock cannot break through the approaching technical resistance which could mean the current strength could flip. But for now, the stock price is moving slightly higher and does have room to the upside before it hits a potential wall of resistance and an overbought momentum rating of five bulls.



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CPE is up +21.1% over the last three months and up +9.9% over the last six months. The stock has returned -20.3% over the last year. The current stock price is $12.44.

CPE Stock Returns
-0.25-0.20-0.15-0.10-0.050.000.050.100.150.200.253-Months6-Months1-Year
The technical rating goes from a rating of one, the weakest upside technical, to a rating of five, the highest upside technical. This is strictly focusing on price and technical -- that means we focus on real-time stock price movement and then position it relative to the simple moving averages. To make the technical rating meaningful, the moving averages are also compared to each other.

Technicals | Support: 12.42 | Resistance: 12.91


Golden Cross Alert: The 50 day MA is now above the 200 day moving average.
As we noted above -- the back of the envelope rule here is that when shorter-term moving averages move above the longer-term ones, momentum is building. We have that right now.

Swing Golden Cross Alert: The short-term 10 day moving average is now above the 50 day moving average.
When the shortest-term moving average (10-day in this case) moves above any other moving average (50-day in this case), momentum is climbing.

Callon Petroleum Company has a four bull (high rated) technical rating because it's trading above both its 50- and 200 day simple moving averages. We do note that the stock is trading below the short-term 10 day moving average.