CIRRUS LOGIC INC (CRUS) Stock Technical Analysis
USA - NASDAQ:CRUS - US1727551004 - Common Stock
119.17 USD
+0.43 (+0.36%)
121 USD
+1.83 (+1.54%)
Overall CRUS gets a technical rating of 8 out of 10. 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 in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CRUS is lagging the market slightly.
In the last month CRUS has a been trading in the 109.88 - 121.12 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, CRUS turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
CRUS is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 41% of 112 stocks in the same industry.
CRUS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 119.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 116.40, 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
120.37
When analyzing the support we can see 7 important areas.
- A support zone ranging from 112.67 to 116.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 109.19 to 110.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 103.70 to 104.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @100.16 from a horizontal line in the daily time frame.
- Support @97.74 from a horizontal line in the daily time frame.
- Support @88.63 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 119.18 to 119.18. 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 | 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 | 51.56 | NEUTRAL | CRUS is not amongst the best or worst performers 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) | 63.46 | NEUTRAL | The RSI value for CRUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CRUS has a positive trend. |
| Stochastics (14,3) | 85.56 | OVERBOUGHT | The high Stochastics value suggests CRUS may be overbought. |
| 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) | 12.71 | 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 |
|---|---|---|---|
| 119.19 | 109.87 | 9.32 (7.82%) | 12.79% |
| An entry @119.19. This is a Buy Stop order right above the resistance zone. | An exit @109.87. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 9.32 points, which is 7.82%. | When investing 12.79% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
119.17
+0.43 (+0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.36%
1 Week5.77%
2 Weeks5.31%
1 Month5.36%
3 Month14.21%
6 Month19.42%
12 Month-3.2%
2 Year61.13%
3 Year73.21%
5 Year76.68%
10 Year278.2%
15 Year567.99%
Volatility
ATR(14)3.12
ATR(20)%2.49%
ATR Inc7.99%
Range Today3.79
ADR(20)2.87
ADR(20)%2.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.56
Mansfield0.23
10 Day High121.12
10 Day Low109.88
20 Day High121.12
20 Day Low109.88
52 Week High126.5
52 Week Low75.83
CS1 End116.4
CR1 Start119.18
Volume & EV
DER(3)2.83%
DER(5)1.72%
Volume380.40K
Volume Incr-4.92%
Vol(5)477.48K
Vol(50)533.39K