CALIFORNIA RESOURCES CORP (CRC) Stock Technical Analysis
NYSE:CRC - New York Stock Exchange, Inc. - US13057Q3056 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to CRC. In the past year, CRC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, CRC is a bad performer in the overall market: 70% of all stocks are doing better.
In the last month CRC has a been trading in the 34.09 - 44.11 range, which is quite wide. It is currently trading near the high of this range.
CRC has an average volume of 1096020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CRC is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, CRC did better than 59% of them.
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.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, CRC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 42.43, a Stop Loss order could be placed below this zone.
More info and screens
36.81
54.58
2 important support areas can be observed.
- A support zone ranging from 42.08 to 42.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.18 from a trend line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 42.61 to 42.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @43.81 from a horizontal line in the daily time frame.
- Resistance @44.82 from a horizontal line in the daily time frame.
- 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 | DOWN | NEGATIVE | The long term trend for CRC is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRC is up. |
| ChartMill Relative Strength | 30.84 | 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) | DOWN | MIXED | The current price of CRC is above a declining 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) | 59.81 | NEUTRAL | The RSI value for CRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests CRC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.43 | NEUTRAL | The Stochastics value for CRC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for CRC suggests some volalility. |
| Average Directional Index/ADX (14) | 23.82 | NEUTRAL | The ADX value for CRC suggests a possible start of a new 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)
42.51
-0.18 (-0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.42%
1 Week-1.96%
2 Weeks-2.95%
1 Month20.7%
3 Month-4.73%
6 Month-28.14%
12 Month-10.22%
2 Year13.24%
3 Year-2.66%
5 Year4151%
10 Year-44.14%
15 YearN/A
Volatility
ATR(14)1.37
ATR(20)%3.36%
ATR Inc-46.92%
Range Today0.69
ADR(20)1.27
ADR(20)%2.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.84
Mansfield-1.49
10 Day High44.1
10 Day Low41.13
20 Day High44.11
20 Day Low34.09
52 Week High60.41
52 Week Low30.97
CS1 End42.43
CR1 Start42.61
Volume & EV
DER(3)1.27%
DER(5)-0.16%
Volume582.70K
Volume Incr-22.05%
Vol(5)666.56K
Vol(50)1.10M