CORE SCIENTIFIC INC (CORZ) Technical Analysis
NASDAQ:CORZ • US21874A1060
Current stock price
CORZ Technical Rating and Analysis
Taking everything into account, CORZ scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CORZ is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that CORZ is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, CORZ also shows a nice and consistent pattern of rising prices.
- CORZ is part of the Software industry. There are 272 other stocks in this industry. CORZ outperforms 94% of them.
- CORZ is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CORZ is lagging the market slightly.
- In the last month CORZ has a been trading in the 13.56 - 20.09 range, which is quite wide. It is currently trading near the high of this range.
- CORZ has an average volume of 11827200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CORZ Weekly and Daily overview Charts
CORZ Setup Rating and Analysis
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
CORZ Support and Resistance Analysis
13.41
When analyzing the support we can see 3 important areas.
- Support @14.73 from a horizontal line in the weekly time frame.
- Support @14.02 from a trend line in the daily time frame.
- Support @13.55 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @19.88 from a horizontal line in the daily time frame.
CORZ 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 | 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 | 93.41 | POSITIVE | CORZ has a high relative strength, it outperformed 93.41% 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 | POSITIVE | The current price of CORZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.41 | NEUTRAL | The RSI value for CORZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests CORZ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 97.19 | OVERBOUGHT | The high Stochastics value suggests CORZ may be overbought. |
| Average True Range in percent/ATR (20) | 5.51 | HIGH VOLATILITY | The high ATR as a percentage value for CORZ suggests high volalility. |
| Average Directional Index/ADX (14) | 14.37 | NEGATIVE | The low ADX value for CORZ suggests a weak or negative trend. |
CORZ Chart- and CandleStick Pattern Analysis
CORZ Technicals: Chart, Performance Metrics, Trend & Indicators
19.87
+0.02 (+0.1%)
CORE SCIENTIFIC INC / CORZ TA FAQ
Can you provide the ChartMill technical rating for CORE SCIENTIFIC INC?
ChartMill assigns a technical rating of 10 / 10 to CORZ.
Can you provide the trend direction for CORE SCIENTIFIC INC?
The current trend direction for CORE SCIENTIFIC INC (CORZ) is Bullish.
What is the RSI signal for CORE SCIENTIFIC INC (CORZ) stock?
CORE SCIENTIFIC INC (CORZ) has an RSI value of 69.4082. This indicates that the stock is currently neutral.
What is the MACD signal for CORZ stock?
The MACD indicator for CORE SCIENTIFIC INC (CORZ) has a value of 0.382324, indicating a bearish trend.
What is the short term momentum for CORE SCIENTIFIC INC (CORZ) stock?
The short term momentum for CORE SCIENTIFIC INC (CORZ) is positive.