CHARLES RIVER LABORATORIES (CRL) Stock Technical Analysis
USA - NYSE:CRL - US1598641074 - Common Stock
178.52 USD
+3.57 (+2.04%)
178.52 USD
0 (0%)
We assign a technical rating of 8 out of 10 to CRL. 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.
The long and short term trends are both positive. This is looking good!
In the last month CRL has a been trading in the 144.26 - 181.45 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, CRL outperforms 53% of them, which is more or less in line with the market.
CRL is part of the Life Sciences Tools & Services industry. There are 57 other stocks in this industry, CRL did better than 53% of them.
CRL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRL is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CRL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 178.53. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
143.60
180.79
When analyzing the support we can see 5 important areas.
- Support @176.94 from a horizontal line in the daily time frame.
- A support zone ranging from 160.55 to 167.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @154.66 from a trend line in the weekly time frame.
- A support zone ranging from 147.52 to 152.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @145.05 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 178.53 to 179.00. 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 CRL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRL is up. |
| ChartMill Relative Strength | 53.53 | NEUTRAL | CRL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CRL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CRL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.67 | NEUTRAL | The RSI value for CRL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.96 | POSITIVE | The MACD value suggests CRL has a positive trend. |
| Stochastics (14,3) | 81.26 | OVERBOUGHT | The high Stochastics value suggests CRL may be overbought. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for CRL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.51 | NEUTRAL | The ADX value for CRL suggests a possible start of a new 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 |
|---|---|---|---|
| 179.01 | 176.93 | 2.08 (1.16%) | 25.00% |
| An entry @179.01. This is a Buy Stop order right above the resistance zone. | An exit @176.93. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.08 points, which is 1.16%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.29%. |
- 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.
178.52
+3.57 (+2.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg2.04%
1 Week6.88%
2 Weeks0.67%
1 Month14.89%
3 Month15.56%
6 Month68.34%
12 Month-9.73%
2 Year6.03%
3 Year-15.89%
5 Year-21.6%
10 Year173.64%
15 Year444.77%
Volatility
ATR(14)6.81
ATR(20)%3.39%
ATR Inc2.22%
Range Today6.05
ADR(20)5.73
ADR(20)%3.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.53
Mansfield0.01
10 Day High179.64
10 Day Low166.86
20 Day High181.45
20 Day Low144.26
52 Week High230.02
52 Week Low91.86
CS1 End176.94
CR1 Start178.53
Volume & EV
DER(3)-0.92%
DER(5)-0.75%
Volume1.03M
Volume Incr-16.45%
Vol(5)828.32K
Vol(50)901.57K