CORENERGY INFRASTRUCTURE TRU (CORR) Stock Technical Analysis
NYSE:CORR - New York Stock Exchange, Inc. - US21870U5020 - REIT - Currency: USD
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
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 96% 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.
Although the technical rating is bad, CORR does present a nice setup opportunity. 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
0.64
When analyzing the support we notice one important area.
- Support @0.45 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important 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. |
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)
NYSE:CORR (12/1/2023, 8:04:00 PM)
0.45
-0.01 (-2.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustrySpecialized REITs
Performance
% Chg-2.17%
1 Week-2.17%
2 Weeks9.73%
1 Month-28.95%
3 Month-51.09%
6 Month-55.88%
12 Month-84.8%
2 Year-85.62%
3 Year-93.43%
5 Year-98.64%
10 Year-98.74%
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%11.77%
ATR Inc31.71%
Range Today0.06
ADR(20)0.05
ADR(20)%11.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.13
Mansfield-6.69
10 Day High0.51
10 Day Low0.42
20 Day High0.65
20 Day Low0.41
52 Week High3.13
52 Week Low0.41
CS1 End0.45
CR1 Start0.47
Volume & EV
DER(3)-6.45%
DER(5)4.91%
Volume86.90K
Volume Incr-1.57%
Vol(5)61.68K
Vol(50)50.28K