CHARLES RIVER LABORATORIES (CRL) 239.5 +2.39 (+1.01%)
239.5 +2.39 (+1.01%)
US1598641074 - Common Stock - After market: 239.5 0 (0%)
Technical Rating
Overall CRL gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CRL is only an average performer.
Statistics
Support/Resistance Analysis
220.09
- A support zone ranging from 233.49 to 239.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 222.31 to 226.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 240.85 to 241.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 246.29 to 250.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @257.51 from a horizontal line in the daily time frame.
Setup Analysis
Setup Rating
CRL has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 239.49, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CRL 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.
Possible Trading Setup
The following trade can be suggested based on the decent technical rating and setup score.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 241.28 | 233.48 | 7.80 (3.23%) | 25.00% |
| An entry @241.28. This is a Buy Stop order right above the resistance zone. | An exit @233.48. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.80 points, which is 3.23%. | For a 0.81% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CRL. Please evaluate whether better entry and exit points can be found.
- 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.
CHARLES RIVER LABORATORIES239.5
NYSE:CRL (11/29/2022, 7:25:47 PM)+2.39 (+1.01%)
| GICS Sector | Health Care | ||
| GICS Industry | Life Sciences Tools & Services | ||
| Today | 1.01% | 1 Week | -0.56% |
| 2 Weeks | -1.44% | 1 Month | 12.84% |
| 3 Month | 19.61% | 6 Month | -1.43% |
| ATR(14) | 8.51 | ATR(20)% | 4.13% |
| ATR Inc | -9.7% | Range Today | 6.5 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| CRS | 53.98 | Mansfield | -0.21 |
| 10 Day High | 252.4 | 10 Day Low | 221.73 |
| 20 Day High | 252.4 | 20 Day Low | 203.43 |
| 52 Week High | 379.65 | 52 Week Low | 181.36 |
| CS1 End | 239.49 | CR1 Start | 240.85 |
| DER(3) | 3.32% | DER(5) | 3.69% |
| Volume | 691.60K | Volume Incr | -51.57% |
| Vol(5) | 345.66K | Vol(50) | 589.13K |
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