Callon Petroleum Company (CPE) run on active notice, as stock price swings at $4.11 with percentage change of -0.24% during Monday trading session. Along recent reduction drift, stock price presented -64.17% down comparing value from it 52-week high point and showed 11.53% up in value from its 52-week low point. The stock price performed 10.78% in the past week. Shares have performed -18.77% over the last quarter and moved -59.75% over the last twelve months.
Callon Petroleum Company traded 10406026 shares at hands when compared with its average volume of 16573.95K shares. Volume could be considered as the most important technical tool. As price rises, ideally a trader would like to see higher volume, and as price falls, correspondingly lower volume. Technical analysis focuses on market action — specifically, volume and price. Technical analysis is only one approach to analyzing stocks. When considering which stocks to buy or sell, you should use the approach that you’re most comfortable with. As with all your investments, you must make your own determination as to whether an investment in any particular security or securities is right for you based on your investment objectives, risk tolerance, and financial situation. Past performance is no guarantee of future results.
Explanation of Popular Simple Moving Averages:
The 3.36% upward depiction highlighted by the trends created around 20 day SMA. The established trader’s sentiment toward the stock has created a trading environment which can appropriately be designated as optimistic.
There has been downward change grasped around 50 day SMA. The stock price is showing -3.28% distance below 50 SMA. On the surface, it seems as the higher the 50-day moving average goes, the more bullish the market is (and the lower it goes, the more bearish). In practice, however, the reverse is true. The 50-day moving average is perceived to be the dividing line between a stock that is technically healthy and one that is not. Furthermore, the percentage of stocks above their 50-day moving average helps determine the overall health of the market. Many market traders also use moving averages to determine profitable entry and exit points into specific securities.
Callon Petroleum Company (CPE) stock price recognized downward trend built on latest movement of 200 SMA with -34.80% during the course of recent market activity. This trend discloses recent direction. The up-to-date direction of 200 SMA is downward. When the price over the last 200 days is moving with increasing trend, look for buy opportunities and when it shows decreasing trend the price is below the last 200 days, look for sell opportunities.
Noticing profitability, the Company attains gross profit margin of 79.50% and operating margin stands at 36.20% that is showing consistency of trends in firm’s earnings. Its profit margin stands at 34.60%. While to figure out more clear vision, firm’s returns on investment calculated as 6.90%; it gives answer about efficiency of different investments in different securities. The returns on assets of firm also presenting perceptible condition of profitability, it has ROA of 5.70%, the very positive ratio starts from >+15% and very negative hits to <-15%.
The Firm has price to earnings growth of 0.2 which is a valuation metric for determining relative trade-off among price of a stock. Ticker has Quick Ratio of 0.5 which indicates firm has sufficient short-term assets to cover its immediate liabilities. In addition, the firm has debt to equity ratio of 0.44 sometimes it remain same with long term debt to equity ratio.
Analysts assigned consensus rating of 1.9. This rating scale created between 1 and 5. Analyst’s suggestion with a score of 3 would be a mark of a Hold views. A rating of 1 or 2 would be indicating a Buy recommendation. A rating of 4 or 5 represents a Sell idea.
The stock has a beta value of 1.47. When beta is less/more than 1, it can be read that the stock is theoretically less/more volatile than the market. Callon Petroleum Company has noticeable recent volatility credentials; price volatility of stock was 6.30% for a week and 6.46% for a month. Volatility is an annualized one standard deviation of stock prices that measures how much past stock prices deviated from their average over a period of time. Historical Volatility does not measure direction; it measures how much the securities price is deviating from its average.
When a security’s Historical Volatility is rising, or higher than normal, it means prices are moving up and down further/more quickly than usual and is an indication that something is expected to change, or has already changed, regarding the underlying security (i.e. uncertainty). You may want to research/monitor the security more closely. When a security’s Historical Volatility is falling, things are returning back to normal (i.e. uncertainty has been removed).
Average true range (ATR) as a Volatility Pointer
A stock experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR. The ATR may be used by market technicians to enter and exit trades, and it is a useful tool to add to a trading system. It was created to allow traders to more accurately measure the daily volatility of an asset by using simple calculations. The indicator does not indicate the price direction, rather it is used primarily to measure volatility caused by gaps and limit up or down moves. The ATR is fairly simple to calculate and only needs historical price data. ATR is a durable meat-and-potatoes type of indicator that can serve you well in your investing ventures. Range and volatility are fundamental concepts in technical analysis and true range comes up frequently, not only as a concept but also as the underlying calculation, in more complex indicators. ATR reflects the trading range, and knowing this can allow you to more accurately buy and sell into trends as well as set stops. Its Average True Range (ATR) shows a figure of 0.25.
Keep Observations on Relative Strength Index (RSI) Indicator:
The relative strength index (RSI)’s recent value positioned at 50.98. The Relative Strength Index (RSI) is a technical indicator used to analyze stocks. It compares the magnitude of recent losses and gains so as to assess the overbought or oversold conditions of a particular stock. This assessment allows the investor to determine when it is wise to purchase or sell a particular stock.
The formula used in making the assessment is: RSI = 100-100/(1+RS)
(Where RS is equal to the average of x days’ up closes/Average of x days’ down closes)
RSI is charted on a scale of 0-100 points. Once the RSI of an asset exceeds 70 it is considered to be overbought. The odds are that it is overpriced at that point and the investor should expect a correction in price. If the RSI drops below 30 the stock is considered to be oversold and may become undervalued.
Fluctuations within the RSI can be dramatic at times, so it is not always an accurate measure of what a stock may be doing. One of the things that RSI may indicate is an upcoming turn in the market, especially if there is a wide divergence between the strength index and the price action. A bear divergence occurs when a stocks’ price reaches a new high but the RSI doesn’t achieve a matching high. A bull divergence is the opposite with new lows reached. The disadvantage of using just RSI to track a stock is that large surges or declines can create false buy or sell conditions. Best employed to complement other assessment techniques, the Relative Strength Index (RSI) may provide warning if a stock is not trading at a price commensurate with its worth.
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