Cabot Oil & Gas Corp.
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|It was the negative week for the Cabot Oil & Gas Corp. (COG). During the week, the COG dropped -0.76 points, or -3.24%, and closed at 22.67 on Friday, May 11, 2018. Weekly volume was 23% above average. |
COG is a member of Basic Materials Sector. Basic Materials is the most overbought 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 (29.46) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. COG may retest the broken support line. It is considered to be a resistance line now. 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 22.56 on May 10, 2018. COG lost 7.01 points, or 23.71%, in 23 weeks. Price is near the trend low.
Weekly Technical Indicators: [See COG weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range 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. Use the following link to access a MACD help.
Short-term trend: [See COG short-term trend chart]
A short-term downtrend had started on April 27, 2018 at 24.65 and reached 22.56 on May 10, 2018. COG lost 2.09 points, or 8.48%, in 13 days. The price is now at the 5.26% retracement level.
Daily Technical Indicators: [See COG daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.