CIRRUS LOGIC INC (CRUS) Stock Technical Analysis
USA - NASDAQ:CRUS - US1727551004 - Common Stock
124.78 USD
-1.92 (-1.52%)
124.78 USD
0 (0%)
Taking everything into account, CRUS scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CRUS is only an average performer.
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.
Looking at the yearly performance, CRUS did better than 71% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
CRUS is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, CRUS did better than 48% of them.
In the last month CRUS has a been trading in the 115.46 - 129.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
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.
More info and screens
81.20
129.31
6 important support areas can be observed.
- A support zone ranging from 112.67 to 113.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @108.13 from a trend line in the daily time frame.
- Support @105.20 from a horizontal line in the daily time frame.
- Support @97.74 from a horizontal line in the daily time frame.
- Support @86.12 from a trend line in the weekly time frame.
- Support @82.02 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 125.84 to 128.03. 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 | 71.21 | POSITIVE | CRUS has a high relative strength, it outperformed 71.21% 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) | 55.98 | NEUTRAL | The RSI value for CRUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests CRUS has a negative trend. |
| Stochastics (14,3) | 56.94 | 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) | 13.72 | 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)
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 |
|---|---|---|---|
| 128.04 | 122.67 | 5.37 (4.19%) | 23.84% |
| An entry @128.04. This is a Buy Stop order right above the resistance zone. | An exit @122.67. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.37 points, which is 4.19%. | When investing 23.84% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CRUS. Please evaluate whether better entry and exit points can be found.
- 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.
124.78
-1.92 (-1.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.52%
1 Week-1.47%
2 Weeks-0.65%
1 Month8.33%
3 Month19.49%
6 Month44.64%
12 Month4.24%
2 Year86.43%
3 Year85.91%
5 Year81.18%
10 Year304.74%
15 Year870.3%
Volatility
ATR(14)3.67
ATR(20)%2.84%
ATR Inc-9.25%
Range Today3.41
ADR(20)3.34
ADR(20)%2.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.21
Mansfield0.59
10 Day High129.56
10 Day Low122.68
20 Day High129.56
20 Day Low115.46
52 Week High129.56
52 Week Low75.83
CS1 End113.5
CR1 Start125.84
Volume & EV
DER(3)-2.98%
DER(5)-1.74%
Volume276.30K
Volume Incr-44.36%
Vol(5)336.19K
Vol(50)579.51K