CORE SCIENTIFIC INC (CORZ) Stock Technical Analysis
NASDAQ:CORZ - Nasdaq - US21874A1060 - Common Stock - Currency: USD
Overall CORZ gets a technical rating of 8 out of 10. CORZ has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
CORZ is part of the Software industry. There are 284 other stocks in this industry. CORZ outperforms 78% of them.
CORZ has an average volume of 12457600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CORZ did better than 88% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
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.
In the last month CORZ has a been trading in the 10.28 - 13.01 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although CORZ has an excellent technical rating, it does not present a decent entry opportunity 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
7.11
13.02
2 important support areas can be observed.
- A support zone ranging from 10.64 to 10.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.18 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 12.12 to 12.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.65 to 12.89. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for CORZ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CORZ is up. |
| ChartMill Relative Strength | 88.57 | POSITIVE | CORZ has a high relative strength, it outperformed 88.57% 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) | 59.84 | NEUTRAL | The RSI value for CORZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CORZ has a negative trend. |
| Stochastics (14,3) | 64.57 | NEUTRAL | The Stochastics value for CORZ is a neutral value. |
| Average True Range in percent/ATR (20) | 5.4 | HIGH VOLATILITY | The high ATR as a percentage value for CORZ suggests high volalility. |
| Average Directional Index/ADX (14) | 35.57 | 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)
11.89
-0.25 (-2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.06%
1 Week-2.46%
2 Weeks11.64%
1 Month13.13%
3 Month34.96%
6 Month-23.54%
12 Month15.1%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%5.4%
ATR Inc-25.57%
Range Today0.47
ADR(20)0.62
ADR(20)%5.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.57
Mansfield-0.1
10 Day High13.01
10 Day Low10.5
20 Day High13.01
20 Day Low10.28
52 Week High18.63
52 Week Low6.2
CS1 End10.64
CR1 Start12.12
Volume & EV
DER(3)-2.36%
DER(5)-1.46%
Volume5.61M
Volume Incr-35.52%
Vol(5)7.93M
Vol(50)12.46M