CORE SCIENTIFIC INC (CORZ) Stock Technical Analysis
USA - NASDAQ:CORZ - US21874A1060 - Common Stock
19.23 USD
+0.42 (+2.23%)
18.99 USD
-0.24 (-1.25%)
We assign a technical rating of 10 out of 10 to CORZ. Both in the recent history as in the last year, CORZ has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that CORZ is one of the better performing stocks in the market, outperforming 90% of all stocks.
CORZ is one of the better performing stocks in the Software industry, it outperforms 81% of 285 stocks in the same industry.
CORZ is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
CORZ has an average volume of 15816600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CORZ has a been trading in the 16.20 - 20.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, CORZ also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
16.01
19.42
We found 3 important support areas.
- Support @18.57 from a trend line in the daily time frame.
- Support @17.10 from a horizontal line in the daily time frame.
- A support zone ranging from 16.17 to 16.21. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 90.67 | POSITIVE | CORZ has a high relative strength, it outperformed 90.67% 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) | 63.9 | NEUTRAL | The RSI value for CORZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CORZ has a negative trend. |
| Stochastics (14,3) | 65.89 | NEUTRAL | The Stochastics value for CORZ is a neutral value. |
| Average True Range in percent/ATR (20) | 5.22 | HIGH VOLATILITY | The high ATR as a percentage value for CORZ suggests high volalility. |
| Average Directional Index/ADX (14) | 27.04 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 20.37 | 18.56 | 1.81 (8.89%) | 11.25% |
| An entry @20.37. This is a Buy Stop order right above the 10 day high. | An exit @18.56. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.81 points, which is 8.89%. | When investing 11.25% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
19.23
+0.42 (+2.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.23%
1 Week1.53%
2 Weeks12.46%
1 Month13.12%
3 Month39.75%
6 Month131.41%
12 Month43.83%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.09
ATR(20)%5.22%
ATR Inc0.08%
Range Today1.25
ADR(20)0.95
ADR(20)%4.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.67
Mansfield3.13
10 Day High20.36
10 Day Low16.86
20 Day High20.36
20 Day Low16.2
52 Week High20.36
52 Week Low6.2
CS1 End18.57
CR1 StartN/A
Volume & EV
DER(3)0.04%
DER(5)1.55%
Volume24.44M
Volume Incr35.35%
Vol(5)19.45M
Vol(50)15.82M