CIRRUS LOGIC INC (CRUS) Stock Technical Analysis
NASDAQ:CRUS - Nasdaq - US1727551004 - Common Stock - Currency: USD
Overall CRUS gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. CRUS was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, CRUS is a bad performer in the overall market: 76% of all stocks are doing better.
CRUS is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 71% of 110 stocks in the same industry do better.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
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 100.75 - 111.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CRUS has only a medium technical rating, but it does show 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 resistance zone just above the current price starting at 108.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 103.20, a Stop Loss order could be placed below this zone.
More info and screens
81.20
112.51
We found 5 important support areas.
- A support zone ranging from 102.51 to 103.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @100.22 from a horizontal line in the daily time frame.
- A support zone ranging from 97.74 to 98.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @86.38 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 108.82 to 111.40. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for CRUS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CRUS is neutral. |
| ChartMill Relative Strength | 24.36 | NEGATIVE | CRUS has a low relative strength, it was outperformed by 75.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CRUS is below 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) | DOWN | MIXED | The current price of CRUS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.81 | NEUTRAL | The RSI value for CRUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests CRUS has a negative trend. |
| Stochastics (14,3) | 31.77 | NEUTRAL | The Stochastics value for CRUS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for CRUS suggests some volalility. |
| Average Directional Index/ADX (14) | 16.87 | 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)
104.43
-1.9 (-1.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.79%
1 Week-5.3%
2 Weeks-2.84%
1 Month1.71%
3 Month21.05%
6 Month3.25%
12 Month-23.75%
2 Year29.25%
3 Year22.2%
5 Year52.39%
10 Year216.36%
15 Year435.54%
Volatility
ATR(14)3.03
ATR(20)%2.67%
ATR Inc-19.46%
Range Today1.72
ADR(20)2.59
ADR(20)%2.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.36
Mansfield-1.19
10 Day High111.48
10 Day Low102.33
20 Day High111.48
20 Day Low100.75
52 Week High147.46
52 Week Low75.83
CS1 End103.2
CR1 Start108.82
Volume & EV
DER(3)-2.74%
DER(5)-0.59%
Volume248.20K
Volume Incr0.49%
Vol(5)500.08K
Vol(50)581.86K