CORENERGY INFRASTRUCTURE TRU (CORR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CORR - US21870U5020 - REIT
Taking everything into account, CORR scores 0 out of 10 in our technical rating. CORR'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, CORR is a bad performer in the overall market: 97% of all stocks are doing better.
- CORR is part of the Specialized REITs industry. There are 30 other stocks in this industry, of which 93% are performing better than CORR.
- CORR is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month CORR has a been trading in the 0.41 - 0.65 range, which is quite wide. It is currently trading near the lows of this range.
CORR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for CORR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.45
We found 1 important support area.
- Support @0.45 from a trend line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @0.47 from a horizontal line in the daily time frame.
- Resistance @0.50 from a trend line in the daily time frame.
- Resistance @0.61 from a trend line in the weekly time frame.
- A resistance zone ranging from 0.63 to 0.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 CORR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CORR is down. |
| ChartMill Relative Strength | 3.13 | NEGATIVE | CORR has a low relative strength, it was outperformed by 96.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CORR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CORR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CORR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.2 | NEUTRAL | The RSI value for CORR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CORR has a positive trend. |
| Stochastics (14,3) | 35.82 | NEUTRAL | The Stochastics value for CORR is a neutral value. |
| Average True Range in percent/ATR (20) | 11.77 | HIGH VOLATILITY | The high ATR as a percentage value for CORR suggests high volalility. |
| Average Directional Index/ADX (14) | 58.74 | POSITIVE | The high ADX value value for CORR suggests a strong trend. |
NYSE:CORR (12/1/2023, 8:04:00 PM)
0.45
-0.01 (-2.17%)
CORENERGY INFRASTRUCTURE TRU / CORR FAQ
Can you provide the ChartMill technical rating for CORENERGY INFRASTRUCTURE TRU?
ChartMill assigns a technical rating of 0 / 10 to CORR.
What is the trend direction for CORR stock?
The current trend direction for CORENERGY INFRASTRUCTURE TRU (CORR) is Bearish.
What is the RSI signal for CORR stock?
CORENERGY INFRASTRUCTURE TRU (CORR) has an RSI value of 35.1981. This indicates that the stock is currently neutral.
What is the buy/sell signal for CORR stock?
The buy/sell signal for CORENERGY INFRASTRUCTURE TRU (CORR) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for CORENERGY INFRASTRUCTURE TRU (CORR) stock?
CORENERGY INFRASTRUCTURE TRU (CORR) has a support level at 0.45 and a resistance level at 0.47. Check the full technical report for our detailed analysis of CORR support and resistance levels.