CRICUT INC - CLASS A (CRCT) Stock Technical Analysis
NASDAQ:CRCT • US22658D1000
Taking everything into account, CRCT scores 0 out of 10 in our technical rating. CRCT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 84% of all other stocks performed better in the past year than CRCT.
- CRCT is part of the Household Durables industry. There are 60 other stocks in this industry, of which 77% are performing better than CRCT.
- CRCT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CRCT is lagging the market.
- In the last month CRCT has a been trading in the 4.17 - 4.76 range, which is quite wide. It is currently trading near the lows of this range.
Although the technical rating is bad, CRCT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for CRCT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.28
4 important resistance areas can be observed.
- Resistance @4.34 from a trend line in the weekly time frame.
- A resistance zone ranging from 4.43 to 4.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 4.64 to 4.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.05 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for CRCT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CRCT is down. |
| ChartMill Relative Strength | 16.8 | NEGATIVE | CRCT has a low relative strength, it was outperformed by 83.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CRCT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CRCT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CRCT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.37 | NEUTRAL | The RSI value for CRCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CRCT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.51 | NEUTRAL | The Stochastics value for CRCT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.9 | MEDIUM VOLATILITY | The ATR as a percentage value for CRCT suggests some volalility. |
| Average Directional Index/ADX (14) | 26.33 | POSITIVE | The high ADX value value for CRCT suggests a strong trend. |
4.32
+0.02 (+0.47%)
CRICUT INC - CLASS A / CRCT FAQ
What is the ChartMill technical rating of CRICUT INC - CLASS A (CRCT) stock?
ChartMill assigns a technical rating of 0 / 10 to CRCT.
What is the current trend direction of CRICUT INC - CLASS A (CRCT) stock?
The current trend direction for CRICUT INC - CLASS A (CRCT) is Bearish.
What is the RSI signal for CRCT stock?
CRICUT INC - CLASS A (CRCT) has an RSI value of 38.3737. This indicates that the stock is currently neutral.
What is the short term momentum for CRCT stock?
The short term momentum for CRICUT INC - CLASS A (CRCT) is negative.
What is the support and resistance level for CRCT stock?
CRICUT INC - CLASS A (CRCT) has a resistance level at 4.34. Check the full technical report for our detailed analysis of CRCT support and resistance levels.