Taking everything into account, CRUS scores 7 out of 10 in our technical rating. Although CRUS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- CRUS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CRUS has a been trading in the 115.93 - 133.87 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that CRUS is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- CRUS is part of the Semiconductors & Semiconductor Equipment industry. There are 113 other stocks in this industry, CRUS did better than 45% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CRUS has an excellent technical rating, it does not offer a high quality setup 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
When analyzing the support we can see 5 important areas.
- Support @130.09 from a trend line in the weekly time frame.
- A support zone ranging from 119.67 to 123.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @115.68 from a horizontal line in the daily time frame.
- Support @113.49 from a horizontal line in the daily time frame.
- Support @82.02 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @132.66 from a horizontal 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 | 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 | 77.61 | POSITIVE | CRUS has a high relative strength, it outperformed 77.61% 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) | 68.61 | NEUTRAL | The RSI value for CRUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.89 | POSITIVE | The MACD value suggests CRUS has a positive trend. |
| Stochastics (14,3) | 75.49 | NEUTRAL | The Stochastics value for CRUS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for CRUS suggests some volalility. |
| Average Directional Index/ADX (14) | 15.03 | NEGATIVE | The low ADX value for CRUS suggests a weak or negative trend. |
130.62
-0.67 (-0.51%)
CIRRUS LOGIC INC / CRUS FAQ
What is the ChartMill technical rating of CIRRUS LOGIC INC (CRUS) stock?
ChartMill assigns a technical rating of 7 / 10 to CRUS.
Can you provide the trend direction for CIRRUS LOGIC INC?
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 68.6086. 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 0.88719, indicating a bearish trend.
Can you provide the short term momentum for CIRRUS LOGIC INC?
The short term momentum for CIRRUS LOGIC INC (CRUS) is positive.