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

8

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.



The long and short term trends are both positive. This is looking good!
CRL is one of the better performing stocks in the Life Sciences Tools & Services industry, it outperforms 81% of 65 stocks in the same industry.
CRL 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.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the performance of all stocks over the past year, CRL turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
CRL is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 12.84% 19.61% -1.43% -32.98% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 53.98 181.36 - 379.65
CRL Weekly chart
CRL Daily chart

Support/Resistance Analysis


220.09

260.09
2 important support areas can be observed.
  • 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.
3 important resistance areas can be observed.
  • 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

8

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.


ENTRYEXITDISTANCECAPITAL
241.28233.487.80 (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.
CRL Daily chart

CHARLES RIVER LABORATORIES239.5

NYSE:CRL (11/29/2022, 7:25:47 PM)+2.39 (+1.01%)

After market: 239.5 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Life Sciences Tools & Services
Performance
Today 1.01% 1 Week -0.56%
2 Weeks -1.44% 1 Month 12.84%
3 Month 19.61% 6 Month -1.43%
Volatility
ATR(14) 8.51 ATR(20)% 4.13%
ATR Inc -9.7% Range Today 6.5
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
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
Volume & EV
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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