CORSAIR GAMING INC (CRSR) Stock Technical Analysis
USA - NASDAQ:CRSR - US22041X1028 - Common Stock
7.85 USD
-0.12 (-1.51%)
7.97 USD
+0.12 (+1.53%)
Taking everything into account, CRSR scores 1 out of 10 in our technical rating. CRSR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
CRSR is one of the lesser performing stocks in the Technology Hardware, Storage & Peripherals industry. 65% of 33 stocks in the same industry do better.
When comparing the performance of all stocks over the past year, CRSR turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
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.
In the last month CRSR has a been trading in the 7.35 - 8.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
CRSR has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 8.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.52, a Stop Loss order could be placed below this zone.
More info and screens
5.97
11.26
2 important support areas can be observed.
- A support zone ranging from 7.40 to 7.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.03 from a horizontal line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 8.43 to 8.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.93 to 8.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.10 from a horizontal line in the daily time frame.
- Resistance @9.35 from a horizontal line in the daily time frame.
- Resistance @11.15 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 | DOWN | NEGATIVE | The long term trend for CRSR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CRSR is down. |
| ChartMill Relative Strength | 45.81 | NEUTRAL | CRSR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CRSR is below 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 | MIXED | The current price of CRSR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.57 | NEUTRAL | The RSI value for CRSR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CRSR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 41.15 | NEUTRAL | The Stochastics value for CRSR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.09 | HIGH VOLATILITY | The high ATR as a percentage value for CRSR suggests high volalility. |
| Average Directional Index/ADX (14) | 25.54 | POSITIVE | The high ADX value value for CRSR suggests a strong 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)
7.85
-0.12 (-1.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-1.51%
1 Week4.81%
2 Weeks-2.24%
1 Month-8.4%
3 Month-15.41%
6 Month30.18%
12 Month17.69%
2 Year-38.62%
3 Year-43.12%
5 Year-67.35%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%5.09%
ATR Inc-43.14%
Range Today0.19
ADR(20)0.38
ADR(20)%4.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.81
Mansfield-1.59
10 Day High8.31
10 Day Low7.35
20 Day High8.96
20 Day Low7.35
52 Week High13.02
52 Week Low5.64
CS1 End7.52
CR1 Start8.43
Volume & EV
DER(3)-0.04%
DER(5)0.38%
Volume349.60K
Volume Incr-43.96%
Vol(5)475.28K
Vol(50)742.69K