CORE SCIENTIFIC INC (CORZ) Stock Technical Analysis
NASDAQ:CORZ - Nasdaq - US21874A1060 - Common Stock - Currency: USD
Taking everything into account, CORZ scores 8 out of 10 in our technical rating. In the past year, CORZ was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, CORZ did better than 96% of all other stocks.
CORZ is one of the better performing stocks in the Software industry, it outperforms 92% of 283 stocks in the same industry.
In the last month CORZ has a been trading in the 7.50 - 11.33 range, which is quite wide. It is currently trading near the high of this range.
CORZ has an average volume of 15278300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CORZ is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CORZ is lagging the market slightly.
Although CORZ has an excellent technical rating, it does not offer a high 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
6.90
11.04
When analyzing the support we notice one important area.
- Support @6.97 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.84 to 10.93. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for CORZ is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CORZ is up. |
| ChartMill Relative Strength | 96.86 | POSITIVE | CORZ has a high relative strength, it outperformed 96.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CORZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CORZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CORZ is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.27 | OVERBOUGHT | The high RSI value suggests CORZ may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests CORZ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.59 | OVERBOUGHT | The high Stochastics value suggests CORZ may be overbought. |
| Average True Range in percent/ATR (20) | 5.8 | HIGH VOLATILITY | The high ATR as a percentage value for CORZ suggests high volalility. |
| Average Directional Index/ADX (14) | 29.77 | POSITIVE | The high ADX value value for CORZ 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)
10.83
+0.05 (+0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.46%
1 Week3.04%
2 Weeks14.6%
1 Month43.82%
3 Month0.28%
6 Month-40.59%
12 Month124.69%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.62
ATR(20)%5.8%
ATR Inc17.75%
Range Today0.64
ADR(20)0.58
ADR(20)%5.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.86
Mansfield-0.63
10 Day High11.33
10 Day Low9.17
20 Day High11.33
20 Day Low7.5
52 Week High18.63
52 Week Low4.46
CS1 End6.97
CR1 Start10.84
Volume & EV
DER(3)-1.81%
DER(5)-0.15%
Volume14.43M
Volume Incr11.12%
Vol(5)12.84M
Vol(50)15.28M