CORRE ENERGY B.V. (CORRE.I) Technical Analysis
DUB:CORRE • NL0015000DY3
Current stock price
CORRE.I Technical Rating and Analysis
Overall CORRE gets a technical rating of 0 out of 10. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 99% of all other stocks performed better in the past year than CORRE.
- CORRE is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 67% of 82 stocks in the same industry do better.
- CORRE 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 CORRE is lagging the market.
- 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.
CORRE.I Weekly and Daily overview Charts
CORRE.I Setup Rating and Analysis
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
CORRE.I Support and Resistance Analysis
0.08
When analyzing the resistance we notice 4 important 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.
CORRE.I Technical Indicator Signal Analysis
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. |
CORRE.I Chart- and CandleStick Pattern Analysis
CORRE.I Technicals: Chart, Performance Metrics, Trend & Indicators
DUB:CORRE (3/27/2025, 7:00:00 PM)
0.085
0 (-5.56%)
CORRE ENERGY B.V. / CORRE.I TA 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.