CIRRUS LOGIC INC (CRUS) Stock Technical Analysis
USA - NASDAQ:CRUS - US1727551004 - Common Stock
Taking everything into account, CRUS scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CRUS is showing a nice and steady performance.
Besides having an excellent technical rating, CRUS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 123.38, a Stop Loss order could be placed below this zone. 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
81.20
We found 8 important support areas.
- A support zone ranging from 122.00 to 123.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @117.99 from a trend line in the weekly time frame.
- A support zone ranging from 115.68 to 115.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 112.48 to 112.67. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @105.25 from a horizontal line in the daily time frame.
- Support @97.74 from a horizontal line in the daily time frame.
- Support @86.55 from a trend line in the weekly time frame.
- Support @82.02 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 131.62 to 132.66. This zone is formed by a combination of multiple trend lines and important moving averages 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 CRUS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRUS is up. |
| ChartMill Relative Strength | 86.73 | POSITIVE | CRUS has a high relative strength, it outperformed 86.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRUS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CRUS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CRUS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.9 | NEUTRAL | The RSI value for CRUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests CRUS has a negative trend. |
| Stochastics (14,3) | 63.39 | NEUTRAL | The Stochastics value for CRUS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for CRUS suggests some volalility. |
| Average Directional Index/ADX (14) | 16.41 | NEGATIVE | The low ADX value for CRUS suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 132.67 | 126.62 | 6.05 (4.56%) | 21.93% |
| An entry @132.67. This is a Buy Stop order right above the resistance zone. | An exit @126.62. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 6.05 points, which is 4.56%. | For a 1.00% total portfolio risk, you can invest 21.93% of your capital in this trade. |
- 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.
129.63
-1.61 (-1.23%)
CIRRUS LOGIC INC / CRUS FAQ
What is the ChartMill technical rating of CIRRUS LOGIC INC (CRUS) stock?
ChartMill assigns a technical rating of 9 / 10 to CRUS.
What is the current trend direction of CIRRUS LOGIC INC (CRUS) stock?
The current trend direction for CIRRUS LOGIC INC (CRUS) is Bullish.
Can you provide the RSI signal for CIRRUS LOGIC INC?
CIRRUS LOGIC INC (CRUS) has an RSI value of 53.8959. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CIRRUS LOGIC INC?
The MACD indicator for CIRRUS LOGIC INC (CRUS) has a value of -0.143899, indicating a bearish trend.
Can you provide the support and resistance levels for CIRRUS LOGIC INC?
CIRRUS LOGIC INC (CRUS) has a support level at 123.38 and a resistance level at 131.62. Check the full technical report for our detailed analysis of CRUS support and resistance levels.