CIRRUS LOGIC INC (CRUS) Stock Technical Analysis
NASDAQ:CRUS - Nasdaq - US1727551004 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to CRUS. In the last year, CRUS was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
76% of all other stocks performed better in the past year than CRUS.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CRUS is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 52% of 110 stocks in the same industry.
CRUS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRUS is lagging the market.
In the last month CRUS has a been trading in the 96.39 - 108.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CRUS has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
81.20
112.51
We found 3 important support areas.
- A support zone ranging from 96.33 to 102.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @85.48 from a trend line in the weekly time frame.
- Support @82.02 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @102.79 from a horizontal line in the daily time frame.
- Resistance @105.02 from a trend line in the daily time frame.
- A resistance zone ranging from 108.82 to 109.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @111.40 from a horizontal line in the daily 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 CRUS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRUS is up. |
| ChartMill Relative Strength | 24.96 | NEGATIVE | CRUS has a low relative strength, it was outperformed by 75.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CRUS is above a declining 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) | DOWN | NEGATIVE | The current price of CRUS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.62 | NEUTRAL | The RSI value for CRUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CRUS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.15 | NEUTRAL | The Stochastics value for CRUS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for CRUS suggests some volalility. |
| Average Directional Index/ADX (14) | 12.95 | NEGATIVE | The low ADX value for CRUS 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)
102.67
-2.58 (-2.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-2.45%
1 Week1.64%
2 Weeks2.24%
1 Month-4.26%
3 Month2.86%
6 Month-3.79%
12 Month-16.23%
2 Year26.74%
3 Year41.54%
5 Year66.19%
10 Year201.7%
15 Year549.4%
Volatility
ATR(14)2.84
ATR(20)%2.49%
ATR Inc37.37%
Range Today4.03
ADR(20)2.32
ADR(20)%2.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.96
Mansfield-1.25
10 Day High106.21
10 Day Low96.39
20 Day High108.66
20 Day Low96.39
52 Week High147.46
52 Week Low75.83
CS1 End102.49
CR1 Start102.79
Volume & EV
DER(3)1.34%
DER(5)0.09%
Volume568.90K
Volume Incr-27.35%
Vol(5)493.58K
Vol(50)661.91K