COREBRIDGE FINANCIAL INC (CRBG) Stock Technical Analysis
NYSE:CRBG - New York Stock Exchange, Inc. - US21871X1090 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to CRBG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CRBG is showing a nice and steady performance.
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 CRBG is one of the better performing stocks in the market, outperforming 71% of all stocks.
CRBG is part of the Financial Services industry. There are 99 other stocks in this industry. CRBG outperforms 70% of them.
CRBG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CRBG is lagging the market slightly.
In the last month CRBG has a been trading in the 30.72 - 33.58 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
CRBG has an average volume of 3240300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, CRBG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
25.95
35.04
When analyzing the support we can see 4 important areas.
- A support zone ranging from 32.60 to 33.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.64 to 31.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.67 from a trend line in the weekly time frame.
- Support @26.21 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @33.24 from a horizontal line in the daily time frame.
- Resistance @34.13 from a horizontal line in the daily time frame.
- A resistance zone ranging from 34.69 to 34.69. 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 | UP | POSITIVE | The long term trend for CRBG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRBG is up. |
| ChartMill Relative Strength | 71.78 | POSITIVE | CRBG has a high relative strength, it outperformed 71.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRBG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CRBG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CRBG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.03 | NEUTRAL | The RSI value for CRBG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CRBG has a negative trend. |
| Stochastics (14,3) | 89.54 | OVERBOUGHT | The high Stochastics value suggests CRBG may be overbought. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for CRBG suggests some volalility. |
| Average Directional Index/ADX (14) | 16.22 | NEGATIVE | The low ADX value for CRBG suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 33.25 | 32.59 | 0.66 (1.98%) | 25.00% |
| An entry @33.25. This is a Buy Stop order right above the resistance zone. | An exit @32.59. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.66 points, which is 1.98%. | For a 0.50% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CRBG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
33.13
-0.13 (-0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-0.39%
1 Week0.55%
2 Weeks1.78%
1 Month1.75%
3 Month4.22%
6 Month7.95%
12 Month16.86%
2 Year87.6%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.69
ATR(20)%2.16%
ATR Inc-38.68%
Range Today0.35
ADR(20)0.67
ADR(20)%2.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.78
Mansfield0.33
10 Day High33.58
10 Day Low31.98
20 Day High33.58
20 Day Low30.72
52 Week High35.36
52 Week Low23.69
CS1 End33.12
CR1 Start33.24
Volume & EV
DER(3)0.06%
DER(5)-2.78%
Volume2.05M
Volume Incr-34.17%
Vol(5)2.25M
Vol(50)3.24M