CORE LABORATORIES INC (CLB) Stock Technical Analysis
NYSE:CLB - New York Stock Exchange, Inc. - US21867A1051 - Common Stock - Currency: USD
Overall CLB gets a technical rating of 1 out of 10. CLB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
93% of all other stocks performed better in the past year than CLB.
CLB is part of the Energy Equipment & Services industry. There are 63 other stocks in this industry, of which 75% are performing better than CLB.
CLB is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month CLB has a been trading in the 10.51 - 13.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
CLB has a poor technical rating and the quality of the setup is also only medium 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
10.48
22.62
When analyzing the support we notice one important area.
- A support zone ranging from 10.59 to 10.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 12.37 to 12.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.62 to 12.66. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @16.01 from a trend line in the weekly time frame.
- Resistance @22.40 from a trend 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 | DOWN | NEGATIVE | The long term trend for CLB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CLB is neutral. |
| ChartMill Relative Strength | 7.83 | NEGATIVE | CLB has a low relative strength, it was outperformed by 92.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CLB is above the rising 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) | DOWN | NEGATIVE | The current price of CLB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.54 | NEUTRAL | The RSI value for CLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests CLB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.99 | NEUTRAL | The Stochastics value for CLB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.79 | MEDIUM VOLATILITY | The ATR as a percentage value for CLB suggests some volalility. |
| Average Directional Index/ADX (14) | 25.2 | POSITIVE | The high ADX value value for CLB suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
11.6
-0.04 (-0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.34%
1 Week-3.56%
2 Weeks4.11%
1 Month6.59%
3 Month-24.07%
6 Month-30.47%
12 Month-42.63%
2 Year-49.94%
3 Year-41.24%
5 Year-42.72%
10 Year-89.79%
15 Year-84.23%
Volatility
ATR(14)0.61
ATR(20)%4.79%
ATR Inc20.24%
Range Today0.44
ADR(20)0.54
ADR(20)%4.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.83
Mansfield-3.44
10 Day High13.05
10 Day Low11.23
20 Day High13.05
20 Day Low10.51
52 Week High25.13
52 Week Low10.14
CS1 End10.74
CR1 Start12.37
Volume & EV
DER(3)-1.69%
DER(5)-1.4%
Volume642.37K
Volume Incr118.81%
Vol(5)756.72K
Vol(50)526.70K