Get started
Coterra Energy Inc.Coterra Energy Inc.Coterra Energy Inc.

Coterra Energy Inc.

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options Bonds

CTRA trade ideas

Coterra Energy Inc. (CTRA) - Double Top Breakdown📉 Short Setup 🔍 Description: Coterra Energy Inc. (NYSE: CTRA) has formed a Double Top pattern, a bearish reversal setup. The price has broken below the confirmation level, confirming downside momentum. A retest of this level could provide another short entry opportunity. 📊 Trade Details: 🔹 Entry: Below confirmation level after breakdown 🔴 Stop Loss: 29.46 🟢 Target: 20.76 📌 Confirmation: A breakdown with strong volume adds conviction to the move. If the price reclaims the confirmation level and holds above, the bearish setup could be invalidated. Trade wisely! 📉🚨
NYSE:CTRAShort
by pliesfargo
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? Follow us for updates!
NYSE:CTRALong
by VolumeDayTrader
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!
NYSE:CTRALong
by Antikythera_Mechanism
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.
NYSE:CTRALong
by trader_investr
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.
NYSE:CTRALong
by Kappy
1