Technical Analysis:
CRK is currently trading at $18.99, showing a mixed technical picture. RSI-14 at 52.99 indicates neutral momentum, while MACD (-0.07) suggests slight bearish pressure. The stock is trading below its 20-day SMA ($18.97), indicating short-term resistance.
Price Targets and Support/Resistance:
- Fibonacci levels indicate:
- Resistance: R1 at $19.08, R2 at $19.60
- Support: S1 at $17.39, S2 at $16.87
- Current price is testing the Bollinger Band middle line ($18.97)
News Impact:
- Upcoming earnings release on February 18th (today) after market close
- Analysts expect revenue of $376.21M and EPS of $0.02
- Recent bearish options activity with Put/Call ratio of 4.46
- Multiple analysts have raised price targets:
- BofA: $24 (highest)
- Morgan Stanley: $21
- Truist and Roth MKM: $19
Price Prediction (Next Week):
Based on technical indicators and upcoming earnings:
Likely scenario (60% probability):
- Price range: $17.39-$19.60
- Target price: $18.50
Trading Recommendation:
SELL with stop-loss at $19.60. The high put/call ratio and bearish options flow suggest downside pressure. The stock is likely to face resistance at the $19.08 level, and the upcoming earnings report could trigger volatility.
Technical Analysis:
CRK is currently trading at $18.99, showing a mixed technical picture. RSI-14 at 52.99 indicates neutral momentum, while MACD (-0.07) suggests slight bearish pressure. The stock is trading below its 20-day SMA ($18.97), indicating short-term resistance.
Price Targets and Support/Resistance:
- Fibonacci levels indicate:
- Resistance: R1 at $19.08, R2 at $19.60
- Support: S1 at $17.39, S2 at $16.87
- Current price is testing the Bollinger Band middle line ($18.97)
News Impact:
- Upcoming earnings release on February 18th (today) after market close
- Analysts expect revenue of $376.21M and EPS of $0.02
- Recent bearish options activity with Put/Call ratio of 4.46
- Multiple analysts have raised price targets:
- BofA: $24 (highest)
- Morgan Stanley: $21
- Truist and Roth MKM: $19
Price Prediction (Next Week):
Based on technical indicators and upcoming earnings:
Likely scenario (60% probability):
- Price range: $17.39-$19.60
- Target price: $18.50
Trading Recommendation:
SELL with stop-loss at $19.60. The high put/call ratio and bearish options flow suggest downside pressure. The stock is likely to face resistance at the $19.08 level, and the upcoming earnings report could trigger volatility.