CORE LABORATORIES INC (CLB) Stock Technical Analysis
USA - NYSE:CLB - US21867A1051 - Common Stock
Overall CLB gets a technical rating of 8 out of 10. In the last year, CLB was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although CLB has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
10.24
We found 1 important support area.
- A support zone ranging from 10.34 to 10.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 16.87 to 16.87. 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 | NEUTRAL | NEUTRAL | The long term trend for CLB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CLB is up. |
| ChartMill Relative Strength | 81.7 | POSITIVE | CLB has a high relative strength, it outperformed 81.7% 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) | 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) | 77.18 | OVERBOUGHT | The high RSI value suggests CLB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests CLB has a positive trend. |
| Stochastics (14,3) | 94.25 | OVERBOUGHT | The high Stochastics value suggests CLB may be overbought. |
| Average True Range in percent/ATR (20) | 4.87 | MEDIUM VOLATILITY | The ATR as a percentage value for CLB suggests some volalility. |
| Average Directional Index/ADX (14) | 27.97 | POSITIVE | The high ADX value value for CLB suggests a strong trend. |
16.86
0 (0%)
CORE LABORATORIES INC / CLB FAQ
Can you provide the ChartMill technical rating for CORE LABORATORIES INC?
ChartMill assigns a technical rating of 8 / 10 to CLB.
What is the trend direction for CLB stock?
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 77.1754. This indicates that the stock is currently overbought.
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 10.48 and a resistance level at 16.87. Check the full technical report for our detailed analysis of CLB support and resistance levels.