We assign a technical rating of 3 out of 10 to CORZW. CORZW has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of CORZW is bad and it also does not present a quality setup 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
7.35
5 important support areas can be observed.
- Support @8.88 from a trend line in the daily time frame.
- Support @8.66 from a horizontal line in the weekly time frame.
- Support @7.91 from a trend line in the daily time frame.
- Support @7.59 from a horizontal line in the daily time frame.
- Support @7.42 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 10.09 to 10.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.27 from a horizontal line 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 | 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 | 48.89 | NEUTRAL | CORZW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CORZW is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CORZW is below a declining 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) | 52.77 | NEUTRAL | The RSI value for CORZW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests CORZW has a positive trend. |
| Stochastics (14,3) | 70.58 | NEUTRAL | The Stochastics value for CORZW is a neutral value. |
| Average True Range in percent/ATR (20) | 9.42 | HIGH VOLATILITY | The high ATR as a percentage value for CORZW suggests high volalility. |
| Average Directional Index/ADX (14) | 18.05 | NEGATIVE | The low ADX value for CORZW suggests a weak or negative trend. |
10.08
-0.53 (-5%)
CORE SCIENTIFIC INC - 27 / CORZW FAQ
What is the technical rating for CORZW stock?
ChartMill assigns a technical rating of 4 / 10 to CORZW.
What is the trend direction for CORZW stock?
The current trend direction for CORE SCIENTIFIC INC - 27 (CORZW) is Bearish.
What is the RSI signal for CORZW stock?
CORE SCIENTIFIC INC - 27 (CORZW) has an RSI value of 52.7697. This indicates that the stock is currently neutral.
What is the MACD signal for CORZW stock?
The MACD indicator for CORE SCIENTIFIC INC - 27 (CORZW) has a value of 0.218636, indicating a bearish trend.
What is the short term momentum for CORZW stock?
The short term momentum for CORE SCIENTIFIC INC - 27 (CORZW) is positive.