CALIFORNIA RESOURCES CORP (CRC) Stock Technical Analysis
NYSE:CRC • US13057Q3056
Overall CRC gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CRC is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that CRC is one of the better performing stocks in the market, outperforming 82% of all stocks.
- CRC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- 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.
- CRC is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry, CRC did better than 67% of them.
Besides having an excellent technical rating, CRC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
45.71
We found 3 important support areas.
- A support zone ranging from 57.71 to 58.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.79 from a horizontal line in the daily time frame.
- Support @46.17 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 59.23 to 59.41. 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 | 82.07 | POSITIVE | CRC has a high relative strength, it outperformed 82.07% 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) | UP | POSITIVE | The current price of CRC is above the rising 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) | 65.25 | NEUTRAL | The RSI value for CRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CRC has a negative trend. |
| Stochastics (14,3) | 74.73 | NEUTRAL | The Stochastics value for CRC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for CRC suggests some volalility. |
| Average Directional Index/ADX (14) | 40.99 | POSITIVE | The high ADX value value for CRC suggests a strong trend. |
58.12
-0.16 (-0.27%)
CALIFORNIA RESOURCES CORP / CRC FAQ
What is the technical rating for CRC stock?
ChartMill assigns a technical rating of 10 / 10 to CRC.
What is the trend direction for CRC stock?
The current trend direction for CALIFORNIA RESOURCES CORP (CRC) is Bullish.
Can you provide the RSI signal for CALIFORNIA RESOURCES CORP?
CALIFORNIA RESOURCES CORP (CRC) has an RSI value of 65.2464. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CALIFORNIA RESOURCES CORP?
The short term momentum for CALIFORNIA RESOURCES CORP (CRC) is positive.
What is the buy/sell signal for CALIFORNIA RESOURCES CORP (CRC) stock?
The buy/sell signal for CALIFORNIA RESOURCES CORP (CRC) is buy as both the short term and long term trends are positive.