CRAY INC (CRAY) Stock Technical Analysis
USA - NASDAQ:CRAY -
Taking everything into account, CRAY scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CRAY has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although CRAY has an excellent technical rating, the quality of the presented setup is not ideal 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.
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26.27
When analyzing the support we can see 2 important areas.
- A support zone ranging from 34.48 to 34.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.54 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 35.06 to 35.18. This zone is formed by a combination of multiple trend lines 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 CRAY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRAY is up. |
| ChartMill Relative Strength | 96.31 | POSITIVE | CRAY has a high relative strength, it outperformed 96.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRAY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CRAY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CRAY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.27 | OVERBOUGHT | The high RSI value suggests CRAY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CRAY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 86.51 | OVERBOUGHT | The high Stochastics value suggests CRAY may be overbought. |
| Average True Range in percent/ATR (20) | 0.07 | LOW VOLATILITY | The low ATR as a percentage value for CRAY suggests low volalility. |
35.01
+0.02 (+0.04%)
CRAY INC / CRAY FAQ
Can you provide the ChartMill technical rating for CRAY INC?
ChartMill assigns a technical rating of 9 / 10 to CRAY.
Can you provide the trend direction for CRAY INC?
The current trend direction for CRAY INC (CRAY) is Bullish.
What is the RSI signal for CRAY INC (CRAY) stock?
CRAY INC (CRAY) has an RSI value of 73.2671. This indicates that the stock is currently overbought.
What is the short term momentum for CRAY INC (CRAY) stock?
The short term momentum for CRAY INC (CRAY) is positive.
Can you provide the buy/sell signal for CRAY INC?
The buy/sell signal for CRAY INC (CRAY) is buy as both the short term and long term trends are positive.