Cabot Oil & Gas Corp.
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|It was a second consecutive positive week for the Cabot Oil & Gas Corp. (COG). During the week, the COG gained 1.06 points, or 4.32%, and closed at 25.61 on Friday, November 09, 2018. Weekly volume was 16% above average. |
COG is a member of Basic Materials Sector. Basic Materials is the 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 (32.61) 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 July 26, 2018 at 25.23 and reached 20.95 on October 25, 2018. COG lost 4.28 points, or 16.96%, in 13 weeks. The price is now at the 108.88% retracement level.
Weekly Technical Indicators: [See COG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since September 28, 2018. 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 October 25, 2018 at 20.95 and reached 26.25 on November 5, 2018. COG gained -5.30 points, or -25.30%, in 11 days. The price is now at the 12.08% retracement level.
Daily Technical Indicators: [See COG daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 daily MACD line is above its signal line since October 30, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.