CORE LABORATORIES INC (CLB) Technical Analysis
NYSE:CLB • US21867A1051
We assign a technical rating of 1 out of 10 to CLB. CLB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- CLB is part of the Energy Equipment & Services industry. There are 60 other stocks in this industry, of which 86% are performing better than CLB.
- In the last month CLB has a been trading in the 15.86 - 19.34 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the performance of all stocks over the past year, CLB turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
- CLB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CLB is lagging the market.
The technical rating of CLB is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
15.95
3 important resistance areas can be observed.
- A resistance zone ranging from 17.36 to 17.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.25 from a trend line in the weekly time frame.
- Resistance @19.69 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CLB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CLB is down. |
| ChartMill Relative Strength | 46.15 | NEUTRAL | CLB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CLB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CLB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CLB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 28.57 | OVERSOLD | The low RSI value suggests CLB may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests CLB has a negative trend. |
| Stochastics (14,3) | 7.74 | OVERSOLD | The low Stochastics value suggests CLB may be oversold. |
| Average True Range in percent/ATR (20) | 5.68 | HIGH VOLATILITY | The high ATR as a percentage value for CLB suggests high volalility. |
| Average Directional Index/ADX (14) | 35.34 | POSITIVE | The high ADX value value for CLB suggests a strong trend. |
CLB Technicals: Chart, Performance Metrics, Trend & Indicators
16.11
-0.43 (-2.6%)
CORE LABORATORIES INC / CLB FAQ
Can you provide the ChartMill technical rating for CORE LABORATORIES INC?
ChartMill assigns a technical rating of 1 / 10 to CLB.
Can you provide the trend direction for CORE LABORATORIES INC?
The current trend direction for CORE LABORATORIES INC (CLB) is Bearish.
Can you provide the RSI signal for CORE LABORATORIES INC?
CORE LABORATORIES INC (CLB) has an RSI value of 28.5748. This indicates that the stock is currently oversold.
What is the MACD signal for CLB stock?
The MACD indicator for CORE LABORATORIES INC (CLB) has a value of -0.252961, indicating a bearish trend.
What are the support and resistance levels for CORE LABORATORIES INC (CLB) stock?
CORE LABORATORIES INC (CLB) has a resistance level at 17.36. Check the full technical report for our detailed analysis of CLB support and resistance levels.