CORE SCIENTIFIC INC - 29 (CORZZ) Stock Technical Analysis
NASDAQ:CORZZ
Taking everything into account, CORZZ scores 9 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.
- Warning: CORZZ has an average volume of 13470 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- 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 CORZZ is one of the better performing stocks in the market, outperforming 87% of all stocks.
- CORZZ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CORZZ is lagging the market.
- In the last month CORZZ has a been trading in the 14.70 - 19.81 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
CORZZ has an excellent technical rating, but the quality of the setup is only medium 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
10.57
We found 5 important support areas.
- Support @16.64 from a horizontal line in the weekly time frame.
- A support zone ranging from 14.54 to 14.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @14.13 from a trend line in the daily time frame.
- Support @13.62 from a horizontal line in the daily time frame.
- Support @10.68 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 17.94 to 18.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.91 to 19.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @19.76 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 | 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 | 87.27 | POSITIVE | CORZZ has a high relative strength, it outperformed 87.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CORZZ is below a declining 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) | 52.29 | NEUTRAL | The RSI value for CORZZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests CORZZ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.36 | NEUTRAL | The Stochastics value for CORZZ is a neutral value. |
| Average True Range in percent/ATR (20) | 6.4 | HIGH VOLATILITY | The high ATR as a percentage value for CORZZ suggests high volalility. |
| Average Directional Index/ADX (14) | 15.13 | NEGATIVE | The low ADX value for CORZZ suggests a weak or negative trend. |
17.92
+0.36 (+2.05%)
CORE SCIENTIFIC INC - 29 / CORZZ FAQ
Can you provide the ChartMill technical rating for CORE SCIENTIFIC INC - 29?
ChartMill assigns a technical rating of 9 / 10 to CORZZ.
What is the current trend direction of CORE SCIENTIFIC INC - 29 (CORZZ) stock?
The current trend direction for CORE SCIENTIFIC INC - 29 (CORZZ) is Bullish.
What is the RSI signal for CORZZ stock?
CORE SCIENTIFIC INC - 29 (CORZZ) has an RSI value of 52.2934. This indicates that the stock is currently neutral.
What is the buy/sell signal for 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.
What is the support and resistance level for CORZZ stock?
CORE SCIENTIFIC INC - 29 (CORZZ) has a support level at 16.64 and a resistance level at 17.94. Check the full technical report for our detailed analysis of CORZZ support and resistance levels.