CORE LABORATORIES INC (CLB) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CLB • US21867A1051
Overall CLB gets a technical rating of 6 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 66% are performing better than CLB.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- CLB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CLB is lagging the market slightly.
- 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.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the yearly performance of all stocks, we notice that CLB is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
CLB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
15.87
We found 2 important support areas.
- Support @18.01 from a trend line in the daily time frame.
- Support @16.03 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @18.57 from a trend line in the daily time frame.
- A resistance zone ranging from 19.28 to 19.67. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for CLB is neutral. |
| ChartMill Relative Strength | 74.97 | POSITIVE | CLB has a high relative strength, it outperformed 74.97% off all stocks 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) | UP | POSITIVE | The current price of CLB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.6 | NEUTRAL | The RSI value for CLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests CLB has a negative trend. |
| Stochastics (14,3) | 53.3 | NEUTRAL | The Stochastics value for CLB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.65 | MEDIUM VOLATILITY | The ATR as a percentage value for CLB suggests some volalility. |
| Average Directional Index/ADX (14) | 27.83 | POSITIVE | The high ADX value value for CLB suggests a strong trend. |
18.56
-0.22 (-1.17%)
CORE LABORATORIES INC / CLB FAQ
Can you provide the ChartMill technical rating for CORE LABORATORIES INC?
ChartMill assigns a technical rating of 6 / 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 48.5977. 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 -0.187875, 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 18.01 and a resistance level at 18.57. Check the full technical report for our detailed analysis of CLB support and resistance levels.