COREBRIDGE FINANCIAL INC (CRBG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CRBG - US21871X1090 - Common Stock
We assign a technical rating of 0 out of 10 to CRBG. CRBG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, CRBG is a bad performer in the overall market: 73% of all stocks are doing better.
- In the last month CRBG has a been trading in the 29.75 - 31.98 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- CRBG has an average volume of 6703710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CRBG is an average performer in the Financial Services industry, it outperforms 41% of 98 stocks in the same industry.
- CRBG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRBG is lagging the market.
Although the technical rating is bad, CRBG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
25.95
3 important support areas can be observed.
- Support @28.79 from a trend line in the weekly time frame.
- A support zone ranging from 28.16 to 28.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.21 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 30.57 to 31.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 32.17 to 32.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @33.42 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 | DOWN | NEGATIVE | The long term trend for CRBG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CRBG is neutral. |
| ChartMill Relative Strength | 27.49 | NEGATIVE | CRBG has a low relative strength, it was outperformed by 72.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CRBG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CRBG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CRBG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.08 | NEUTRAL | The RSI value for CRBG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CRBG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.52 | NEUTRAL | The Stochastics value for CRBG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for CRBG suggests some volalility. |
| Average Directional Index/ADX (14) | 9.23 | NEGATIVE | The low ADX value for CRBG suggests a weak or negative trend. |
30.45
-0.07 (-0.23%)
COREBRIDGE FINANCIAL INC / CRBG FAQ
What is the ChartMill technical rating of COREBRIDGE FINANCIAL INC (CRBG) stock?
ChartMill assigns a technical rating of 0 / 10 to CRBG.
What is the current trend direction of COREBRIDGE FINANCIAL INC (CRBG) stock?
The current trend direction for COREBRIDGE FINANCIAL INC (CRBG) is Bearish.
What is the RSI signal for COREBRIDGE FINANCIAL INC (CRBG) stock?
COREBRIDGE FINANCIAL INC (CRBG) has an RSI value of 49.0785. This indicates that the stock is currently neutral.
What is the short term momentum for COREBRIDGE FINANCIAL INC (CRBG) stock?
The short term momentum for COREBRIDGE FINANCIAL INC (CRBG) is neutral.
What is the support and resistance level for CRBG stock?
COREBRIDGE FINANCIAL INC (CRBG) has a support level at 28.79 and a resistance level at 30.57. Check the full technical report for our detailed analysis of CRBG support and resistance levels.