CALIFORNIA RESOURCES CORP (CRC) Stock Technical Analysis
NYSE:CRC - US13057Q3056 - Common Stock
49.03 USD
-2.52 (-4.89%)
49.03 USD
0 (0%)
Overall CRC gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CRC is only an average performer.
The long and short term trends are both positive. This is looking good!
When comparing the performance of all stocks over the past year, CRC turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
CRC is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, CRC did better than 58% of them.
CRC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRC is lagging the market.
In the last month CRC has a been trading in the 47.00 - 51.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CRC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for CRC in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
46.14
52.08
When analyzing the support we can see 2 important areas.
- A support zone ranging from 47.73 to 48.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.61 to 46.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 49.41 to 49.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 51.27 to 51.56. 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 CRC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRC is up. |
| ChartMill Relative Strength | 49.92 | 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 | MIXED | The current price of CRC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.38 | NEUTRAL | The RSI value for CRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CRC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.36 | NEUTRAL | The Stochastics value for CRC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for CRC suggests some volalility. |
| Average Directional Index/ADX (14) | 32.04 | 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 |
|---|---|---|---|
| 49.86 | 48.19 | 1.67 (3.35%) | 25.00% |
| An entry @49.86. This is a Buy Stop order right above the resistance zone. | An exit @48.19. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.67 points, which is 3.35%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%. |
- The distance between exit and entry is rather small compared to the average daily movement of CRC. 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.
49.03
-2.52 (-4.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-4.89%
1 Week-1.31%
2 Weeks1.95%
1 Month4.05%
3 Month9.83%
6 Month18.17%
12 Month1.85%
2 Year-12.46%
3 Year27.58%
5 Year4055.08%
10 Year15.91%
15 YearN/A
Volatility
ATR(14)1.34
ATR(20)%2.69%
ATR Inc132.75%
Range Today2.12
ADR(20)1.27
ADR(20)%2.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.92
Mansfield-0.65
10 Day High51.61
10 Day Low48.2
20 Day High51.61
20 Day Low47
52 Week High60.41
52 Week Low30.97
CS1 End48.96
CR1 Start49.41
Volume & EV
DER(3)6.2%
DER(5)4.69%
Volume959.90K
Volume Incr10.63%
Vol(5)925.08K
Vol(50)913.57K