Cabot Oil & Gas Corp.
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|It was a fourth consecutive positive week for the Cabot Oil & Gas Corp. (COG). During the week, the COG gained 0.26 points, or 1.03%, and closed at 25.52 on Friday, March 09, 2018. Weekly volume was -22% below average. |
COG is a member of Basic Materials Sector. Basic Materials is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
Long-term trend: [See COG long-term trend chart]
A long-term uptrend had started on January 12, 2016 at 14.88 and reached 29.57 on November 30, 2017. COG gained -14.69 points, or -98.72%, in 98 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (28.36) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
Medium-term trend: [See COG medium-term trend chart]
A medium-term downtrend had started on November 30, 2017 at 29.57 and reached 22.59 on February 9, 2018. COG lost 6.98 points, or 23.61%, in 10 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 20.60 and resistance is at 29.54. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.
Weekly Technical Indicators: [See COG weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since January 12, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
Short-term trend: [See COG short-term trend chart]
A short-term uptrend had started on February 9, 2018 at 22.59 and reached 25.65 on March 5, 2018. COG gained -3.06 points, or -13.55%, in 24 days. Price is near the trend high.
Daily Technical Indicators: [See COG daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since February 21, 2018. This is an indication that the short-term trend is up.