CORE SCIENTIFIC INC - 27 (CORZW) Stock Technical Analysis
NASDAQ:CORZW - Nasdaq - - Currency: USD
We assign a technical rating of 8 out of 10 to CORZW. Although CORZW has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
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, CORZW did better than 94% of all other stocks.
In the last month CORZW has a been trading in the 4.85 - 7.05 range, which is quite wide. It is currently trading near the high of this range.
CORZW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CORZW 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 CORZW 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
5.81
7.05
When analyzing the support we notice one important area.
- Support @5.87 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.98 to 6.98. 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 CORZW is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CORZW is up. |
| ChartMill Relative Strength | 94.42 | POSITIVE | CORZW has a high relative strength, it outperformed 94.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CORZW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CORZW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CORZW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.23 | OVERBOUGHT | The high RSI value suggests CORZW may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests CORZW has a positive trend. |
| Stochastics (14,3) | 87.71 | OVERBOUGHT | The high Stochastics value suggests CORZW may be overbought. |
| Average True Range in percent/ATR (20) | 8.02 | HIGH VOLATILITY | The high ATR as a percentage value for CORZW suggests high volalility. |
| Average Directional Index/ADX (14) | 29.03 | POSITIVE | The high ADX value value for CORZW 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)
6.97
+0.1 (+1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.46%
1 Week14.08%
2 Weeks20.59%
1 Month42.83%
3 Month70.83%
6 Month-27.77%
12 Month32.76%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%8.02%
ATR Inc-6.83%
Range Today0.38
ADR(20)0.54
ADR(20)%7.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.42
Mansfield0.44
10 Day High7.05
10 Day Low4.98
20 Day High7.05
20 Day Low4.85
52 Week High12.47
52 Week Low2.3
CS1 End5.87
CR1 Start6.98
Volume & EV
DER(3)9.6%
DER(5)8.35%
Volume137.50K
Volume Incr-22.48%
Vol(5)336.04K
Vol(50)409.26K