Technical Analysis for MCF - March Resources Corp.

Grade Last Price % Change Price Change
grade F 0.045 -43.75% -0.035
MCF closed down 43.75 percent on Wednesday, October 9, 2019, on 16 percent of normal volume. The bears made the stock sink to a new 52-week low. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong N/A Down Down
Historical MCF trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Expansion Breakdown Bearish Swing Setup 0.00%
Hammer Candlestick Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Gilligan's Island Buy Setup Bullish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Doji - Bullish? Reversal 0.00%
New 52 Week Low Weakness 0.00%
Wide Bands Range Expansion 0.00%
Below Lower BB Weakness 0.00%

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Profile

Contango Oil & Gas Company (Contango) is an independent oil and natural gas company. The Company is engaged in the exploration, development, exploitation and acquisition of crude oil and natural gas properties in the onshore Texas Gulf Coast, offshore properties in the shallow waters of the Gulf of Mexico (GOM) and Rocky Mountain regions of the United States. The Company's properties are located in Gulf of Mexico; Madison and Grimes counties, Texas; Zavala and Dimmit counties, Texas; Weston County, Wyoming; Texas Gulf Coast, and Sublette County, Wyoming. In addition, the Company has operated properties producing from various conventional formations in various counties along the Texas Gulf Coast; operated producing properties in the Denver Julesburg Basin (DJ Basin) in Weld and Adams counties in Colorado, and operated producing properties in the Haynesville Shale, Mid Bossier and James Lime formations in East Texas.
Natural Gas S&P/Tsx 60 Index Oil Natural Gas Properties Crude Oil Encana Geological History Of Earth Mesozoic Geology Of The United States

Is MCF a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 0.55
52 Week Low 0.04
Average Volume 9,254
200-Day Moving Average 0.000
50-Day Moving Average 0.266
20-Day Moving Average 0.128
10-Day Moving Average 0.095
Average True Range 0.021
ADX 33.51
+DI 26.757
-DI 71.155
Chandelier Exit (Long, 3 ATRs ) 0.199
Chandelier Exit (Short, 3 ATRs ) 0.102
Upper Bollinger Band 0.205
Lower Bollinger Band 0.051
Percent B (%b) -0.04
BandWidth 120.188
MACD Line -0.054
MACD Signal Line -0.054
MACD Histogram 0.0005
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.053
Resistance 3 (R3) 0.052 0.048 0.051
Resistance 2 (R2) 0.048 0.046 0.049 0.051
Resistance 1 (R1) 0.047 0.045 0.048 0.048 0.050
Pivot Point 0.043 0.043 0.044 0.044 0.043
Support 1 (S1) 0.042 0.041 0.043 0.043 0.040
Support 2 (S2) 0.038 0.040 0.039 0.039
Support 3 (S3) 0.037 0.038 0.039
Support 4 (S4) 0.038