CORE LABORATORIES INC (CLB)

US21867A1051 - Common Stock

18.56  +0.25 (+1.37%)

After market: 18.5584 0 (-0.01%)

Technical Rating and Analysis

6

Taking everything into account, CLB scores 6 out of 10 in our technical rating. In the last year, CLB was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

68% of all other stocks performed better in the past year than CLB.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
CLB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
CLB is an average performer in the Energy Equipment & Services industry, it outperforms 42% of 65 stocks in the same industry.
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.
Weekly and Daily overview Charts
CLB Weekly chart
CLB Daily chart
Setup Rating and Analysis

9

Although the technical rating is only medium, CLB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.51, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

14.35

19.02

We found 5 important support areas.

  • A support zone ranging from 18.20 to 18.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 17.56 to 17.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 16.80 to 17.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @15.92 from a horizontal line in the weekly time frame.
  • Support @14.49 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 18.66 to 18.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.75
Mansfield-1.85
10 Day High18.8
10 Day Low17.54
20 Day High18.97
20 Day Low17.48
52 Week High27.95
52 Week Low13.82
Performance
1 Week1.98%
2 Weeks2.43%
1 Month0.76%
3 Month11.54%
6 Month2.15%
12 Month-19.02%
2 Year-6.31%
3 Year-52.35%
5 Year-64.5%
10 Year-88.89%
15 Year-57.41%
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)
Technical Indicators
MACD(12,26,9)-0.03
RSI(14)58.26
LBB17.76
UBB18.64
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
18.8418.190.65 (3.45%)25.00%
An entry @18.84. This is a Buy Stop order right above the resistance zone.An exit @18.19. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 0.65 points, which is 3.45%.For a 0.86% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • 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.
CLB Daily chart

CORE LABORATORIES INC

NYSE:CLB (6/21/2024, 7:04:00 PM)

After market: 18.5584 0 (-0.01%)

18.56

+0.25 (+1.37%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg1.37%
1 Week1.98%
2 Weeks2.43%
1 Month0.76%
3 Month11.54%
6 Month2.15%
12 Month-19.02%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.51
ATR(20)%2.8%
ATR Inc
Range Today0.43
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High18.8
10 Day Low17.54
20 Day High18.97
20 Day Low17.48
52 Week High27.95
52 Week Low13.82
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.00M
Volume Incr38.21%
Vol(5)544.62K
Vol(50)408.13K