CTRA Potential Buy SetupReasons for bullish bias:
- HH breakout
- Price has bounced from strong support
- Strong bullish divergence
Entry Level(CMP): 26.52
Stop Loss Level: 23.66
Take Profit Level 1: 28.08
Take Profit Level 2: Open
CTRA trade ideas
$CTRA massive set upUpdate for one of the better set ups in energy, $CTRA. Let’s see if a random catalyst comes our way
CTRA - Bullish to $30ishWith the past 7 earnings beating and at a great support, I'm bullish on CTRA up to $30ish
Fake breakout (CTRA)More confirmation is needed before buying the stock
Try to avoid the new break out stock with rejection
CTRA Stoploss 23.48
Entry 25.50-25.85 area.
Targeting 36.50. Breakout if fallingnwedge. Could take months to reach 36 not a 1 Week play
As long as above 24 this is valid
Great entry points in the
Zone here. This is geared up for huge move but yiur getting in before momentum pics up.
Good luck!!
Accumulation Patterns - very bullish background Coterra EnergyAssessing the market according to the wyckoff method, we see a classic accumulation in the attached chart.
1.2.3 - Shortening of Thrust - smaller and smaller distances between particular lows on the chart. A sign that sellers are losing power.
833.263.173 - decreasing volume on lows. The numbers in the chart are the sum of the number of shares sold on swings divided by 100k (ex on chart 833 = 8,330,0000)
742 - The largest buying wave in the system confirms that institutional capital has been pumped in.
A very interesting last candle suggesting that there is still an upsell and most likely we are dealing with the absorption of short selling by professionals
Value with a large potential range of growth
Indicators used: Wyckoff Wave Chart
What do you think about this chart?
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Buy Conterra Energy hereFor those who would like to find opportunity in the recent setback in energy stocks, take a look at CTRA here. We likek it for a move into the high-20's.
CTRA Multiple Harmonics: Butterfly and BatCoterra Energy Inc. is a diversified energy company, which engages in the exploration, development, and production of oil and natural gas properties. Its portfolio includes projects in the Permian Basin, the Marcellus Shale, and the Anadarko Basin.
In this idea, there is a deep-crab in the right shoulder of the pattern that centers around the potential reversal price of a butterfly pattern in the main pattern. There's also the potential for a bat pattern to play out with the butterfly ratio falling within the potential reversal zone of the bat pattern. Therefore, it was more difficult to key out a level here but I like this stock for it's strength and would purchase at all these key levels.
CTRA has a strong quantitative score around 7 - 8 with analyst ratings of strong buy and hold. The dividend is awesome at 2.49 per share/year (I'd expect to hold this position for about a year). The ideas here is to buy CTRA long from the potential reversal zone, starting at 20.43, and hold until take profits. I think, price will reverse right around 18.55 price point but it could go lower. It's possible that it will dip it's toe into the reversal zone and bounce multiple times. I would sell half at 0.382 retracement and the other half at 0.618 retracement. Dividends pay 13.4% from our expected reversal price point of 18.55. Gains are approximately 30.8% - 56.2% at take profit targets. Cumulatively, adding dividend to gains, that's approximately 44.2% - 69.6%. Averaging those totals gives us approximately a 57% gain on this trade.
Good luck and trade safely!
CTRA falling wedge breakoutCTRA breakout of the falling wedge is just happening.
If the breakout is real, we may see a pump towards 36,50 $ which would be a final target for this trading formation.
Entering the long position now would be reasonable.
CTRA is sitting on an important levelCTRA is sitting at an important cycle low $25.20. We need to break above to confirm start of an uptrend. Also crude and natural gas are exhibiting a bottoming phase and that aligns with CTRA cycles.
Disclaimer: My opinion on stocks are mine alone and not to be taken as Investment advice.
CTRA // Two closing conditions on the wedgeTwo closing conditions on the wedge.Note the wedge resistance on the weekly timeframe.
Coterra Energy (CTRA)...Running out of gas???I recently wrote a note on NatGas (ng) in response to a Barron's article that highlighted analyst calls for $3 ng in 2023 (from current $6-ish) levels. In sum, I took the view that supply/demand fundamentals lean the other way, and while current supplies of NG are ample largely due to impediments to exporting due to the explosion at an LNG export facility coupled with a relatively mild start to the US winter, it wouldn't take too much in terms of an arctic blast or two to draw down those ng inventories and to see the price soar.
Coterra (CTRA) is an ng play. The stock had peaked earlier in the year, coincident with the time when analysts were calling for $10 ng (and some even $20!). It's traded off since then and sits, as you can see in the chart, at a key support level. Recent earnings were also a catalyst for selling pressure as the company indicated a smaller number of proven reserves inground in the Lower Marcellus, something which seemed to surprise the market even though well before the earnings release some analysts were already opining on the relatively limited runway left in the CTRA's Lower Marcellus wells and noting their move to expand their activities in the Upper Marcellus area. Admittedly, well-productivity in the Upper falls short of well-productivity in the Lower, but again, the numbers didn't appear to reflect a game-changer for CTRA.
So what else has pressured the stock? Perhaps it's their relatively novel dividend structure. CTRA was one of the pioneers in providing a fixed/variable dividend to shareholders...part of the dividend if a fixed amount per share, and part varies based on a percentage of free cashflow. With ng prices having come off so much, it's not unlikely that dividend seekers are looking elsewhere, thinking that CTRA's recent 9+% total payout might vaporize.
Given what I wrote in my previous piece on ng and what I've indicated here specifically re CTRA, it shouldn't be a surprise that I am bullish on the stock. This current $25-ish level, an historic 'swing zone', will be a key test of support. I initiated a small position slightly above here and am considering adding soon. Today's early 5% pop in ng futures faded, and so in turn, did CTRA. But at around these levels, and for me, certainly lower, I see CTRA as yet another way to position for my bullish ng view.
Again, nothing written here whether explicitly or implied is meant to be advice in any way! It's merely food for thought and discussion.
Comments welcome.
Coterra Energy EW Trade with DividendsFollowing a long-term 3 wave correction Coterra appears to be etching out a wave 3 impulse. From the August 2021 low CTRA sports an impulsive move that counts nicely as waves 1, 2, 3, and triangle 4 near possible completion.
Taking a long position with common shares at current prices with a stop at 25.30 creates a near 7:1 reward to risk. If the stock trades sideways there's a healthy dividend to collect, 9.17% forward dividend (Yahoo data), counting on continued special dividends. With just regular dividends based on the TTM there's about a 2% dividend to collect. Max downside based on stop loss is roughly 10%. If a wave 5 does play out of the triangle my first upside target is $46.23 a 61.8% fib projection of waves 1-3 which would make for a 65% gain.
If the wave structure is constructive in an impulse and I'm collecting a dividend, I'm likely to hang on to the position longer.
$CTRA with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $CTRA after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 33.33%.
The deal closed CTRA in US stock market with profitAlhamdulillah , The deal was closed on CTRA in US stock market with a profit of 8.2 % in a 1 week . I wish good luck to everybody.
Watch $CTRA for a BUYRoom to run and a nice setup. Upward movement continues.
Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages:
This stock is BULLISH in short-term.
NYSE:CTRA
Buy CTRA in US stock market 10/8/2022You can buy it Target 30.85 and 33.5 stop loss 24.99 money management is your responsibility . good luck
Engulfing Pattern?Well, perhaps not yet. But the trend is bullish for Coterra and we have seen a downward correction with newly awakening buying interest. Thus I see a short term rally at least and can even imaging more. But let's decide this later on.
Support ZoneWe have arrived at an (unexpected to be reached) support zone between 26.36 and 25.96. It had been tested twice in April and was a retracement level on March 10th. I expect a new rise from here the more that the uptrend is still effective.
$CTRA with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $CTRA after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
CTRA We have an ascending trinagle witching a large rising wedge. We really need to clear 33.20 and hold at least a 4 hour candle body above. Watchig. For confirmation above that we could reach this wedge and rip hard. If we lose 32$ then this could come back to lower support of 29.30s. Def. interesting setup
Coterra Energy (NYSE: $CTRA) Aiming For New All-Time Highs! 🎯Coterra Energy Inc., an independent oil and gas company, engages in the development, exploration and production of oil, natural gas, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 177,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania. The company also holds Permian Basin properties with approximately 306,000 net acres; and Anadarko Basin properties located in Oklahoma with approximately 182,000 net acres. In addition, it operates natural gas and saltwater disposal gathering systems in Texas. The company sells its natural gas to industrial customers, local distribution companies, oil and gas marketers, major energy companies, pipeline companies, and power generation facilities. As of December 31, 2021, it had proved reserves of approximately 2,892,582 thousand barrels of oil equivalent, which include 189,429 thousand barrels of oil and other liquid hydrocarbons, 14,895 billion cubic feet of natural gas, and 220,615 thousand barrels of natural gas liquids. The company was incorporated in 1989 and is headquartered in Houston, Texas.
