CALIFORNIA RESOURCES CORP (CRC) Stock Technical Analysis
USA - NYSE:CRC - US13057Q3056 - Common Stock
We assign a technical rating of 2 out of 10 to CRC. CRC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, CRC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 48.89. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 48.87, a Stop Loss order could be placed below this zone.
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44.57
When analyzing the support we can see 3 important areas.
- A support zone ranging from 48.78 to 48.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.79 to 47.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @45.02 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 48.89 to 48.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @55.94 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for CRC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CRC is neutral. |
| ChartMill Relative Strength | 27.25 | NEGATIVE | CRC has a low relative strength, it was outperformed by 72.75% off all stocks 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) | DOWN | NEGATIVE | The current price of CRC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CRC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.1 | NEUTRAL | The RSI value for CRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests CRC has a positive trend. |
| Stochastics (14,3) | 73.81 | NEUTRAL | The Stochastics value for CRC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.95 | MEDIUM VOLATILITY | The ATR as a percentage value for CRC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.4 | POSITIVE | The high ADX value value for CRC suggests a strong trend. |
48.88
+1.17 (+2.45%)
CALIFORNIA RESOURCES CORP / CRC FAQ
What is the technical rating for CRC stock?
ChartMill assigns a technical rating of 2 / 10 to CRC.
What is the current trend direction of CALIFORNIA RESOURCES CORP (CRC) stock?
The current trend direction for CALIFORNIA RESOURCES CORP (CRC) is Bearish.
What is the RSI signal for CRC stock?
CALIFORNIA RESOURCES CORP (CRC) has an RSI value of 54.1015. This indicates that the stock is currently neutral.
What is the short term momentum for CALIFORNIA RESOURCES CORP (CRC) stock?
The short term momentum for CALIFORNIA RESOURCES CORP (CRC) is neutral.