CORECIVIC INC (CXW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CXW - US21871N1019 - Common Stock
Taking everything into account, CXW scores 4 out of 10 in our technical rating. In the past year, CXW was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
CXW has an average technical rating and it also 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.
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16.78
2 important support areas can be observed.
- Support @17.37 from a trend line in the weekly time frame.
- Support @16.95 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 18.98 to 18.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.62 from a horizontal line in the daily time frame.
- A resistance zone ranging from 20.65 to 20.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @22.52 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 | NEUTRAL | NEUTRAL | The long term trend for CXW is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CXW is up. |
| ChartMill Relative Strength | 23.38 | NEGATIVE | CXW has a low relative strength, it was outperformed by 76.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CXW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CXW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CXW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.84 | NEUTRAL | The RSI value for CXW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests CXW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.3 | OVERBOUGHT | The high Stochastics value suggests CXW may be overbought. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for CXW suggests some volalility. |
| Average Directional Index/ADX (14) | 27.91 | POSITIVE | The high ADX value value for CXW suggests a strong trend. |
18.97
-0.65 (-3.31%)
CORECIVIC INC / CXW FAQ
Can you provide the ChartMill technical rating for CORECIVIC INC?
ChartMill assigns a technical rating of 4 / 10 to CXW.
What is the current trend direction of CORECIVIC INC (CXW) stock?
The current trend direction for CORECIVIC INC (CXW) is Bearish.
What is the RSI signal for CORECIVIC INC (CXW) stock?
CORECIVIC INC (CXW) has an RSI value of 56.8401. This indicates that the stock is currently neutral.
What is the MACD signal for CORECIVIC INC (CXW) stock?
The MACD indicator for CORECIVIC INC (CXW) has a value of 0.104796, indicating a bearish trend.
What is the support and resistance level for CXW stock?
CORECIVIC INC (CXW) has a support level at 17.37 and a resistance level at 18.98. Check the full technical report for our detailed analysis of CXW support and resistance levels.