CORRE ENERGY B.V. (CORRE.I) Stock Technical Analysis
DUB:CORRE • NL0015000DY3
Taking everything into account, CORRE scores 0 out of 10 in our technical rating. CORRE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, CORRE is a bad performer in the overall market: 99% of all stocks are doing better.
- CORRE is part of the Oil, Gas & Consumable Fuels industry. There are 70 other stocks in this industry, of which 76% are performing better than CORRE.
- CORRE 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 CORRE has a been trading in the 0.06 - 0.13 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
The technical rating of CORRE 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
0.08
We can see 4 important resistance areas.
- A resistance zone ranging from 0.09 to 0.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.11 from a trend line in the daily time frame.
- Resistance @0.12 from a trend line 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 CORRE.I is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CORRE.I is neutral. |
| ChartMill Relative Strength | 1.46 | NEGATIVE | CORRE.I has a low relative strength, it was outperformed by 98.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CORRE.I is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CORRE.I is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CORRE.I is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.1 | NEUTRAL | The RSI value for CORRE.I is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CORRE.I has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.54 | NEUTRAL | The Stochastics value for CORRE.I is a neutral value. |
| Average True Range in percent/ATR (20) | 19.29 | HIGH VOLATILITY | The high ATR as a percentage value for CORRE.I suggests high volalility. |
| Average Directional Index/ADX (14) | 18.58 | NEGATIVE | The low ADX value for CORRE.I suggests a weak or negative trend. |
DUB:CORRE (3/27/2025, 7:00:00 PM)
0.085
0 (-5.56%)
CORRE ENERGY B.V. / CORRE.I FAQ
What is the ChartMill technical rating of CORRE ENERGY B.V. (CORRE.I) stock?
ChartMill assigns a technical rating of 0 / 10 to CORRE.I.
What is the trend direction for CORRE stock?
The current trend direction for CORRE ENERGY B.V. (CORRE.I) is Bearish.
What is the RSI signal for CORRE stock?
CORRE ENERGY B.V. (CORRE.I) has an RSI value of 48.0999. This indicates that the stock is currently neutral.
What is the MACD signal for CORRE ENERGY B.V. (CORRE.I) stock?
The MACD indicator for CORRE ENERGY B.V. (CORRE.I) has a value of 0.000103878, indicating a bearish trend.
What are the support and resistance levels for CORRE ENERGY B.V. (CORRE.I) stock?
CORRE ENERGY B.V. (CORRE.I) has a resistance level at 0.09. Check the full technical report for our detailed analysis of CORRE.I support and resistance levels.