CORE SCIENTIFIC INC - 29 (CORZZ) Stock Technical Analysis
USA - NASDAQ:CORZZ -
Taking everything into account, CORZZ 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, CORZZ is showing a nice and steady performance.
Although CORZZ 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
16.31
3 important support areas can be observed.
- A support zone ranging from 18.49 to 18.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @17.85 from a horizontal line in the daily time frame.
- Support @16.47 from a trend 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 | UP | POSITIVE | The long term trend for CORZZ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CORZZ is up. |
| ChartMill Relative Strength | 92.77 | POSITIVE | CORZZ has a high relative strength, it outperformed 92.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CORZZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CORZZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CORZZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.39 | NEUTRAL | The RSI value for CORZZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CORZZ has a positive trend. |
| Stochastics (14,3) | 85.38 | OVERBOUGHT | The high Stochastics value suggests CORZZ may be overbought. |
| Average True Range in percent/ATR (20) | 4.95 | MEDIUM VOLATILITY | The ATR as a percentage value for CORZZ suggests some volalility. |
| Average Directional Index/ADX (14) | 26.38 | POSITIVE | The high ADX value value for CORZZ suggests a strong trend. |
20.72
+0.68 (+3.39%)
CORE SCIENTIFIC INC - 29 / CORZZ FAQ
Can you provide the ChartMill technical rating for CORE SCIENTIFIC INC - 29?
ChartMill assigns a technical rating of 10 / 10 to CORZZ.
Can you provide the trend direction for CORE SCIENTIFIC INC - 29?
The current trend direction for CORE SCIENTIFIC INC - 29 (CORZZ) is Bullish.
What is the RSI signal for CORE SCIENTIFIC INC - 29 (CORZZ) stock?
CORE SCIENTIFIC INC - 29 (CORZZ) has an RSI value of 67.3883. This indicates that the stock is currently neutral.
What is the buy/sell signal for CORE SCIENTIFIC INC - 29 (CORZZ) stock?
The buy/sell signal for CORE SCIENTIFIC INC - 29 (CORZZ) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for CORE SCIENTIFIC INC - 29?
CORE SCIENTIFIC INC - 29 (CORZZ) has a support level at 18.78. Check the full technical report for our detailed analysis of CORZZ support and resistance levels.