CALIFORNIA RESOURCES CORP (CRC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CRC - US13057Q3056 - Common Stock
Taking everything into account, CRC scores 1 out of 10 in our technical rating. 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 48.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 47.48, a Stop Loss order could be placed below this zone.
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44.57
2 important support areas can be observed.
- A support zone ranging from 46.11 to 47.48. 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 48.13 to 48.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @55.65 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 | 20.64 | NEGATIVE | CRC has a low relative strength, it was outperformed by 79.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CRC is above a declining 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) | UP | POSITIVE | The current price of CRC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.92 | NEUTRAL | The RSI value for CRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests CRC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.14 | NEUTRAL | The Stochastics value for CRC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for CRC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.24 | NEGATIVE | The low ADX value for CRC suggests a weak or negative trend. |
47.58
+0.12 (+0.25%)
CALIFORNIA RESOURCES CORP / CRC FAQ
What is the technical rating for CRC stock?
ChartMill assigns a technical rating of 1 / 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 49.9162. 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.