CORE SCIENTIFIC INC (CORZ) Stock Technical Analysis
NASDAQ:CORZ - Nasdaq - US21874A1060 - Common Stock - Currency: USD
Overall CORZ gets a technical rating of 9 out of 10. 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!
CORZ is one of the better performing stocks in the Software industry, it outperforms 86% of 283 stocks in the same industry.
In the last month CORZ has a been trading in the 12.60 - 14.63 range, which is quite wide. It is currently trading near the high of this range.
CORZ has an average volume of 19300900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CORZ is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
CORZ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CORZ is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
7.64
18.41
3 important support areas can be observed.
- A support zone ranging from 12.94 to 13.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.64 to 12.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.72 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 14.42 to 14.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 18.23 to 18.23. 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 | 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 | 92.16 | POSITIVE | CORZ has a high relative strength, it outperformed 92.16% 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) | 57.26 | NEUTRAL | The RSI value for CORZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests CORZ has a positive trend. |
| Stochastics (14,3) | 92.49 | OVERBOUGHT | The high Stochastics value suggests CORZ may be overbought. |
| Average True Range in percent/ATR (20) | 4.61 | MEDIUM VOLATILITY | The ATR as a percentage value for CORZ suggests some volalility. |
| Average Directional Index/ADX (14) | 12.11 | NEGATIVE | The low ADX value for CORZ suggests a weak or negative 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)
14.41
+0.06 (+0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.42%
1 Week13.91%
2 Weeks4.72%
1 Month15.19%
3 Month54.61%
6 Month14.73%
12 Month48.56%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%4.61%
ATR Inc-11.21%
Range Today0.58
ADR(20)0.61
ADR(20)%4.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.16
Mansfield0.83
10 Day High14.63
10 Day Low12.6
20 Day High14.63
20 Day Low12.6
52 Week High18.63
52 Week Low6.2
CS1 End13.09
CR1 Start14.42
Volume & EV
DER(3)-0.29%
DER(5)3.47%
Volume16.70M
Volume Incr-38.91%
Vol(5)14.10M
Vol(50)19.30M