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
See 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%

Older signals for MCF ...

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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
Summary: Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 0.55
52 Week Low 0.04
Average Volume 9,254
200-Day Moving Average 0.0
50-Day Moving Average 0.2656
20-Day Moving Average 0.1278
10-Day Moving Average 0.095
Average True Range 0.0205
ADX 33.51
+DI 26.7571
-DI 71.1552
Chandelier Exit (Long, 3 ATRs ) 0.1985
Chandelier Exit (Short, 3 ATRs ) 0.1015
Upper Bollinger Band 0.2046
Lower Bollinger Band 0.051
Percent B (%b) -0.04
BandWidth 120.187793
MACD Line -0.0537
MACD Signal Line -0.0542
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