CORSAIR GAMING INC (CRSR) Stock Technical Analysis
NASDAQ:CRSR - US22041X1028 - Common Stock
8.84 USD
-0.12 (-1.34%)
8.84 USD
0 (0%)
Overall CRSR gets a technical rating of 3 out of 10. CRSR has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month CRSR has a been trading in the 8.09 - 10.29 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that CRSR is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CRSR is an average performer in the Technology Hardware, Storage & Peripherals industry, it outperforms 65% of 33 stocks in the same industry.
CRSR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRSR is lagging the market.
Although the technical rating is bad, CRSR does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.84, a Stop Loss order could be placed below this zone.
More info and screens
5.97
11.48
We found 4 important support areas.
- A support zone ranging from 8.81 to 8.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.52 to 8.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.19 to 8.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @6.03 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 8.92 to 8.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.61 to 9.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.37 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for CRSR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CRSR is neutral. |
| ChartMill Relative Strength | 79.82 | POSITIVE | CRSR has a high relative strength, it outperformed 79.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CRSR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CRSR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CRSR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.04 | NEUTRAL | The RSI value for CRSR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CRSR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.18 | NEUTRAL | The Stochastics value for CRSR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.62 | MEDIUM VOLATILITY | The ATR as a percentage value for CRSR suggests some volalility. |
| Average Directional Index/ADX (14) | 15.16 | NEGATIVE | The low ADX value for CRSR suggests a weak or negative 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)
8.84
-0.12 (-1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-1.34%
1 Week-0.45%
2 Weeks7.28%
1 Month-0.23%
3 Month-3.7%
6 Month-21.21%
12 Month46.6%
2 Year-39.16%
3 Year-22.11%
5 Year-56.02%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%4.62%
ATR Inc2.6%
Range Today0.38
ADR(20)0.38
ADR(20)%4.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.82
Mansfield-0.23
10 Day High9.19
10 Day Low8.25
20 Day High10.29
20 Day Low8.09
52 Week High13.02
52 Week Low5.6
CS1 End8.84
CR1 Start8.92
Volume & EV
DER(3)-0.37%
DER(5)-0.97%
Volume593.40K
Volume Incr-19.21%
Vol(5)592.96K
Vol(50)585.33K