CORE LABORATORIES INC (CLB) Stock Technical Analysis
NYSE:CLB - New York Stock Exchange, Inc. - US21867A1051 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to CLB. CLB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, CLB is a bad performer in the overall market: 90% of all stocks are doing better.
CLB is part of the Energy Equipment & Services industry. There are 63 other stocks in this industry, of which 69% are performing better than CLB.
CLB is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CLB is lagging the market.
In the last month CLB has a been trading in the 10.51 - 12.58 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of CLB is bad and it also does not present a 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
10.48
22.74
We found 1 important support 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 12.30 to 12.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.52 from a trend line in the weekly time frame.
- Resistance @22.51 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 | DOWN | NEGATIVE | The short term trend for CLB is down. |
| ChartMill Relative Strength | 10.59 | NEGATIVE | CLB has a low relative strength, it was outperformed by 89.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CLB is above a declining 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) | 48.67 | NEUTRAL | The RSI value for CLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CLB has a positive trend. |
| Stochastics (14,3) | 20.12 | NEUTRAL | The Stochastics value for CLB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.6 | MEDIUM VOLATILITY | The ATR as a percentage value for CLB suggests some volalility. |
| Average Directional Index/ADX (14) | 26.58 | 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)
11.47
+0.82 (+7.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg7.7%
1 Week2.14%
2 Weeks-1.21%
1 Month-4.81%
3 Month-22.76%
6 Month-40.82%
12 Month-37.15%
2 Year-50.67%
3 Year-42.1%
5 Year-43.55%
10 Year-89.94%
15 Year-84.46%
Volatility
ATR(14)0.48
ATR(20)%4.6%
ATR Inc67.22%
Range Today1.13
ADR(20)0.49
ADR(20)%4.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.59
Mansfield-3.67
10 Day High11.69
10 Day Low10.51
20 Day High12.58
20 Day Low10.51
52 Week High25.13
52 Week Low10.14
CS1 End10.74
CR1 Start12.3
Volume & EV
DER(3)0.05%
DER(5)-0.67%
Volume388.96K
Volume Incr-29.09%
Vol(5)355.29K
Vol(50)521.37K