CRSR Technical Analysis - CORSAIR GAMING INC

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to CRSR. 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.

CRSR is part of the Technology Hardware, Storage & Peripherals industry. There are 33 other stocks in this industry, of which 65% are performing better than CRSR.

In the last month CRSR has a been trading in the 8.29 - 9.19 range, which is quite wide. It is currently trading near the lows of this range.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

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 51% 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CORSAIR GAMING INC / CRSR Weekly stock chart

CORSAIR GAMING INC / CRSR Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, CRSR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.97

11.37

When analyzing the support we can see 3 important areas.

Support @8.38 from a horizontal line in the weekly time frame.
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.

We can see 4 important resistance areas.

A resistance zone ranging from 8.67 to 8.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @9.11 from a horizontal line in the daily time frame.
A resistance zone ranging from 9.61 to 9.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @11.26 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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	51.29	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)	41.56	NEUTRAL	The RSI value for CRSR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests CRSR has a negative trend.
Stochastics (14,3)	37.8	NEUTRAL	The Stochastics value for CRSR is a neutral value.
Average True Range in percent/ATR (20)	3.91	MEDIUM VOLATILITY	The ATR as a percentage value for CRSR suggests some volalility.
Average Directional Index/ADX (14)	12.07	NEGATIVE	The low ADX value for CRSR suggests a weak or negative trend.