Technical Analysis for CTBG - Coil Tubing Technology Inc

Grade Last Price % Change Price Change
grade F 0.0071 -80.86% -0.0300
CTBG closed down 80.86 percent on Thursday, February 13, 2020, on 7 percent of normal volume. It ran into resistance at its 50 day moving average. The bulls were able to push the stock to a new 52-week high. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Down Down
Historical CTBG trend table...

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
50 DMA Resistance Bearish 0.00%
New 52 Week Closing Low Bearish 0.00%
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Wide Range Bar Range Expansion 0.00%
Doji - Bearish? Reversal 0.00%
Doji - Bullish? Reversal 0.00%
New 52 Week High Strength 0.00%
Outside Day Range Expansion 0.00%
Older signals for CTBG ...

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Profile

Coil Tubing Technology, Inc. (CTT) is engaged in the design and production of tools for the coil tubing industry. The Company focuses on four categories of coil tubing applications: tubing fishing, tubing work over, coil tubing drilling, and the inspection of tubulars and coil tubing. It supplies a range of tools to oil companies, coiled tubing operators and well servicing companies. It focuses on the development, marketing, sales and rental of tools, inspections and related technical solutions for use with coil tubing and jointed pipe in the bottom hole assembly (BHA) for the exploration and production of hydrocarbons. It rents or sells its coil tubing products to oil and gas companies engaged in horizontal drilling activities located in the United States, Mexico and Canada. It provides tools to oil companies, coiled tubing operators and well service companies for use in thru tubing fishing, thru tubing well stimulation workover, and coiled tubing lateral drillout operations.
Technology Oil Oil And Gas Petroleum Industry Fuels Petroleum Production Oil Wells Coiled Tubing Completion Workover Well Stimulation

Is CTBG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Recent News

Indicators

Indicator Value
52 Week High 0.5036
52 Week Low 0.006
Average Volume 4,142
200-Day Moving Average 0.0000
50-Day Moving Average 0.0980
20-Day Moving Average 0.0588
10-Day Moving Average 0.0745
Average True Range 0.0662
ADX 22.7
+DI 70.5171
-DI 23.9231
Chandelier Exit (Long, 3 ATRs ) 0.3050
Chandelier Exit (Short, 3 ATRs ) 0.2046
Upper Bollinger Band 0.1922
Lower Bollinger Band -0.0746
Percent B (%b) 0.31
BandWidth 453.7415
MACD Line -0.0128
MACD Signal Line -0.0080
MACD Histogram -0.0048
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.7519
Resistance 3 (R3) 0.8346 0.6691 0.6277
Resistance 2 (R2) 0.6691 0.4794 0.6277 0.5863
Resistance 1 (R1) 0.3381 0.3623 0.2554 0.2554 0.5450
Pivot Point 0.1726 0.1726 0.1312 0.1312 0.1726
Support 1 (S1) -0.1584 -0.0171 -0.2412 -0.2412 -0.5308
Support 2 (S2) -0.3239 -0.1342 -0.3653 -0.5721
Support 3 (S3) -0.6549 -0.3239 -0.6135
Support 4 (S4) -0.7377