Cree Inc (CREE) Technical Analysis
NASDAQ:CREE
Current stock price
79.12
-1.61 (-1.99%)
At close:
79.78
+0.66 (+0.83%)
After Hours:
CREE Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to CREE. CREE'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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 63% of all other stocks performed better in the past year than CREE.
- CREE is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 78% of 115 stocks in the same industry do better.
- CREE is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CREE is lagging the market.
- In the last month CREE has a been trading in the 79.09 - 89.59 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- CREE has an average volume of 1448650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CREE Weekly and Daily overview Charts
CREE Setup Rating and Analysis
The technical rating of CREE is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
CREE Support and Resistance Analysis
77.58
102.09
We found 1 important support area.
- A support zone ranging from 78.36 to 79.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 83.24 to 84.83. 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 86.62 to 89.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @101.08 from a horizontal line in the daily time frame.
CREE Technical Indicator Signal Analysis
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 CREE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CREE is down. |
| ChartMill Relative Strength | 37.46 | NEUTRAL | CREE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CREE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CREE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CREE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.6 | NEUTRAL | The RSI value for CREE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests CREE has a negative trend. |
| Stochastics (14,3) | 3.74 | OVERSOLD | The low Stochastics value suggests CREE may be oversold. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for CREE suggests some volalility. |
CREE Chart- and CandleStick Pattern Analysis
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)
CREE Technicals: Chart, Performance Metrics, Trend & Indicators
79.12
-1.61 (-1.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.99%
1 Week-6.65%
2 Weeks-7.68%
1 Month-8.99%
3 Month-17.53%
6 Month-31.34%
12 Month23.49%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.73
ATR(20)%3.61%
ATR Inc-25.13%
Range Today2.2
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.46
3 months CRSN/A
6 months CRSN/A
Mansfield-2.44
10 Day High87.29
10 Day Low79.09
20 Day High89.59
20 Day Low79.09
52 Week High129.9
52 Week Low60.56
CS1 End79.11
CR1 Start83.24
Volume & EV
DER(3)-3.96%
DER(5)-1.71%
Volume1.34M
Volume Incr-6.62%
Vol(5)1.26M
Vol(50)1.45M
Cree Inc / CREE TA FAQ
Can you provide the ChartMill technical rating for Cree Inc?
ChartMill assigns a technical rating of 0 / 10 to CREE.
What is the current trend direction of Cree Inc (CREE) stock?
The current trend direction for Cree Inc (CREE) is Bearish.
What is the RSI signal for Cree Inc (CREE) stock?
Cree Inc (CREE) has an RSI value of 35.6001. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Cree Inc?
The short term momentum for Cree Inc (CREE) is negative.
Can you provide the buy/sell signal for Cree Inc?
The buy/sell signal for Cree Inc (CREE) is sell as both the short term and long term trends are negative.