USA A1 Trading Advice (C) | 08-Jan-2025 | Expected Gain 8%-10%

 BUY   Comstock Resources Incorporation (NYSE: CRK)

Comstock Resources Incorporation (NYSE: CRK) STOCK RECOMMENDATION

Idea BUY
Buy Range 17.7 – 18.7
Target 20.13 – 20.65
StopLoss* below 17
Duration 14-15 Trading Days
Potential Returns 8% – 10%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 17.7 – 18.7 20.13 – 20.65 below 17 14-15 Trading Days 8% – 10%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Comstock Resources Incorporation (NYSE: CRK) STOCK OVERVIEW

Comstock Resources, Inc. is a dynamic independent energy firm focused on acquiring, exploring, developing, and producing natural gas and oil assets across the United States. The companyโ€™s valuable properties are primarily situated in the prolific Haynesville and Bossier shales of North Louisiana and East Texas. Established in 1919, Comstock is headquartered in Frisco, Texas, and operates as a subsidiary of Arkoma Drilling, L.P. This long-standing company is committed to harnessing energy resources to meet the growing demands of the market.

Stock Data
NYSE Symbol CRK
Sectoral Index Oil & Gas Production
52 Weeks High 19.25
52 Weeks Low 7.07

Comstock Resources Incorporation (NYSE: CRK) - RELATIVE STRENGTH

CRK - RELATIVE STRENGTH

Relative Performance - Last 1 Year

CRK —     NYSE —

Comstock Resources Incorporation (NYSE: CRK) - DAILY TECHNICAL ANALYSIS

Comstock Resources Incorporation (NYSE: CRK) - Technical Analysis (Daily)
  • After a significant period of consolidation, the stock price has formed an Inverted Head & Shoulders pattern.
  • Once it broke out, the price experienced a sharp increase and appears to be maintaining its upward momentum.

Comstock Resources Incorporation (NYSE: CRK) - RSI

Comstock Resources Incorporation (NYSE: CRK) - RSI
  • Current RSI of this stock is 65.43, which indicates the strength of buyers.

Comstock Resources Incorporation (NYSE: CRK) - MACD

Comstock Resources Incorporation (NYSE: CRK) - MACD
  • MACD line has just crossed the signal line from the below, generates bullish signal.

Comstock Resources Incorporation (NYSE: CRK) - EMA Cross

CRK - EMA CROSS
Comstock Resources Incorporation (NYSE: CRK) - EMA Cross
  • Current RSI of this stock is 65.43, which indicates the strength of buyers.

CONCLUSION - Comstock Resources Incorporation (NYSE: CRK) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Comstock Resources Incorporation stock price target will be USD 20.13 – USD 20.65 in the next 14-15 trading sessions.

Comstock Resources Incorporation (NYSE: CRK) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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