CORE LABORATORIES INC (CLB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CLB - US21867A1051 - Common Stock
We assign a technical rating of 7 out of 10 to CLB. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CLB is only an average performer.
Besides having an excellent technical rating, CLB also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 14.92, a Stop Loss order could be placed below this zone.
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When analyzing the support we can see 4 important areas.
- A support zone ranging from 14.50 to 14.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.83 to 13.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.80 from a trend line in the daily time frame.
- Support @10.34 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 15.28 to 15.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @16.30 from a trend line in the weekly time frame.
- A resistance zone ranging from 16.86 to 16.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for CLB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CLB is up. |
| ChartMill Relative Strength | 57.04 | 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) | UP | POSITIVE | The current price of CLB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CLB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.45 | NEUTRAL | The RSI value for CLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests CLB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.29 | NEUTRAL | The Stochastics value for CLB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.68 | MEDIUM VOLATILITY | The ATR as a percentage value for CLB suggests some volalility. |
| Average Directional Index/ADX (14) | 19.39 | NEGATIVE | The low ADX value for CLB suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.45 | 14.49 | 0.96 (6.21%) | 16.09% |
| An entry @15.45. This is a Buy Stop order right above the resistance zone. | An exit @14.49. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.96 points, which is 6.21%. | When investing 16.09% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CLB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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+0.15 (+1%)
CORE LABORATORIES INC / CLB FAQ
Can you provide the ChartMill technical rating for CORE LABORATORIES INC?
ChartMill assigns a technical rating of 7 / 10 to CLB.
What is the trend direction for CLB stock?
The current trend direction for CORE LABORATORIES INC (CLB) is Bullish.
Can you provide the RSI signal for CORE LABORATORIES INC?
CORE LABORATORIES INC (CLB) has an RSI value of 53.4523. This indicates that the stock is currently neutral.
What is the short term momentum for CLB stock?
The short term momentum for CORE LABORATORIES INC (CLB) is positive.
What is the support and resistance level for CLB stock?
CORE LABORATORIES INC (CLB) has a support level at 14.92 and a resistance level at 15.28. Check the full technical report for our detailed analysis of CLB support and resistance levels.