CALIFORNIA RESOURCES CORP (CRC) Stock Technical Analysis
NYSE:CRC - New York Stock Exchange, Inc. - US13057Q3056 - Common Stock - Currency: USD
Overall CRC gets a technical rating of 7 out of 10. In the last year, CRC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long and short term trends are both positive. This is looking good!
CRC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When compared to the yearly performance of all other stocks, CRC outperforms 48% of them, which is more or less in line with the market.
CRC is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 59% of 213 stocks in the same industry.
CRC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CRC is lagging the market slightly.
CRC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 46.91. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
41.66
54.58
When analyzing the support we notice one important area.
- Support @42.08 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 46.91 to 47.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @54.04 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 CRC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRC is up. |
| ChartMill Relative Strength | 48.62 | NEUTRAL | CRC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CRC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CRC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.55 | NEUTRAL | The RSI value for CRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CRC has a negative trend. |
| Stochastics (14,3) | 70.66 | NEUTRAL | The Stochastics value for CRC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for CRC suggests some volalility. |
| Average Directional Index/ADX (14) | 34.72 | POSITIVE | The high ADX value value for CRC suggests a strong 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 |
|---|---|---|---|
| 47.29 | 44.25 | 3.04 (6.43%) | 15.56% |
| An entry @47.29. This is a Buy Stop order right above the resistance zone. | An exit @44.25. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.04 points, which is 6.43%. | For a 1.00% total portfolio risk, you can invest 15.56% of your capital in this trade. |
- 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.
46.61
+0.56 (+1.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.22%
1 Week0.76%
2 Weeks5.96%
1 Month9.9%
3 Month6.51%
6 Month-7.81%
12 Month-4.17%
2 Year2.91%
3 Year21.06%
5 Year1564.64%
10 Year-49.88%
15 YearN/A
Volatility
ATR(14)1.33
ATR(20)%2.66%
ATR Inc13.07%
Range Today1.12
ADR(20)1.19
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.62
Mansfield-0.7
10 Day High48.05
10 Day Low44.26
20 Day High48.05
20 Day Low41.13
52 Week High60.41
52 Week Low30.97
CS1 End42.08
CR1 Start46.91
Volume & EV
DER(3)-2.48%
DER(5)-1.65%
Volume2.58M
Volume Incr33.91%
Vol(5)1.16M
Vol(50)872.14K