CORE LABORATORIES INC (CLB) Stock Technical Analysis
NYSE:CLB • US21867A1051
Overall CLB gets a technical rating of 4 out of 10. In the last year, CLB was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- 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 16.65 - 20.05 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When compared to the yearly performance of all other stocks, CLB outperforms 57% of them, which is more or less in line with the market.
- CLB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CLB is lagging the market slightly.
CLB has an average technical rating and it also does not offer a high 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
16.70
When analyzing the support we notice one important area.
- A support zone ranging from 16.87 to 16.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 17.56 to 17.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.25 to 18.56. 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 | UP | POSITIVE | The long term trend for CLB is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CLB is down. |
| ChartMill Relative Strength | 57.77 | 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 | MIXED | The current price of CLB is below the rising 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) | 34.22 | NEUTRAL | The RSI value for CLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests CLB has a negative trend. |
| Stochastics (14,3) | 20.99 | NEUTRAL | The Stochastics value for CLB is a neutral value. |
| Average True Range in percent/ATR (20) | 5.46 | HIGH VOLATILITY | The high ATR as a percentage value for CLB suggests high volalility. |
| Average Directional Index/ADX (14) | 32.89 | POSITIVE | The high ADX value value for CLB suggests a strong trend. |
16.88
-0.4 (-2.31%)
CORE LABORATORIES INC / CLB FAQ
Can you provide the ChartMill technical rating for CORE LABORATORIES INC?
ChartMill assigns a technical rating of 4 / 10 to CLB.
Can you provide the trend direction for CORE LABORATORIES INC?
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 34.2188. This indicates that the stock is currently neutral.
What is the MACD signal for CLB stock?
The MACD indicator for CORE LABORATORIES INC (CLB) has a value of -0.211002, indicating a bearish trend.
What are the support and resistance levels for CORE LABORATORIES INC (CLB) stock?
CORE LABORATORIES INC (CLB) has a support level at 16.87 and a resistance level at 17.56. Check the full technical report for our detailed analysis of CLB support and resistance levels.