CALIFORNIA RESOURCES CORP (CRC) Stock Technical Analysis
USA - NYSE:CRC - US13057Q3056 - Common Stock
56.44 USD
+0.33 (+0.59%)
56.44 USD
0 (0%)
We assign a technical rating of 8 out of 10 to CRC. 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!
CRC is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 80% of 211 stocks in the same industry.
CRC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CRC is lagging the market slightly.
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 has an average volume of 1038760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CRC is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, CRC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
46.14
57.39
When analyzing the support we can see 3 important areas.
- A support zone ranging from 50.42 to 51.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 48.78 to 49.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.61 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @56.82 from a trend 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 | 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 | 77.39 | POSITIVE | CRC has a high relative strength, it outperformed 77.39% 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) | 64.59 | NEUTRAL | The RSI value for CRC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests CRC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.99 | NEUTRAL | The Stochastics value for CRC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for CRC suggests some volalility. |
| Average Directional Index/ADX (14) | 44.5 | 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 |
|---|---|---|---|
| 56.83 | 52.99 | 3.84 (6.76%) | 14.80% |
| An entry @56.83. This is a Buy Stop order right above the resistance zone. | An exit @52.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.84 points, which is 6.76%. | For a 1.00% total portfolio risk, you can invest 14.80% of your capital in this trade. |
- 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.
56.44
+0.33 (+0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.59%
1 Week2.62%
2 Weeks6.47%
1 Month13.61%
3 Month23.58%
6 Month28.77%
12 Month9.66%
2 Year0.77%
3 Year46.86%
5 Year4683.05%
10 Year33.43%
15 YearN/A
Volatility
ATR(14)1.94
ATR(20)%3.26%
ATR Inc-45.99%
Range Today1.31
ADR(20)1.75
ADR(20)%3.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.39
Mansfield0.58
10 Day High58.41
10 Day Low53
20 Day High58.41
20 Day Low48.84
52 Week High60.41
52 Week Low30.97
CS1 End51.45
CR1 Start56.82
Volume & EV
DER(3)-0.7%
DER(5)-0.73%
Volume719.40K
Volume Incr-12.3%
Vol(5)998.26K
Vol(50)1.04M