CORECIVIC INC (CXW) Technical Analysis
NYSE:CXW • US21871N1019
Current stock price
CXW Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to CXW. CXW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, CXW is a bad performer in the overall market: 74% of all stocks are doing better.
- CXW is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CXW is lagging the market.
- CXW has an average volume of 1034670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CXW is an average performer in the Commercial Services & Supplies industry, it outperforms 54% of 82 stocks in the same industry.
- In the last month CXW has a been trading in the 15.73 - 19.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CXW Weekly and Daily overview Charts
CXW Setup Rating and Analysis
Although the technical rating is bad, CXW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.10, a Stop Loss order could be placed below this zone.
More info and screens
CXW Support and Resistance Analysis
15.97
We found 3 important support areas.
- A support zone ranging from 17.85 to 18.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 16.74 to 16.93. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 16.13 to 16.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 18.48 to 18.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 19.61 to 20.30. 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.
CXW Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for CXW is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CXW is neutral. |
| ChartMill Relative Strength | 26.78 | NEGATIVE | CXW has a low relative strength, it was outperformed by 73.22% 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) | DOWN | NEGATIVE | The current price of CXW is below a declining 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) | 51.44 | NEUTRAL | The RSI value for CXW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CXW has a positive trend. |
| Stochastics (14,3) | 70.22 | NEUTRAL | The Stochastics value for CXW is a neutral value. |
| Average True Range in percent/ATR (20) | 4.48 | MEDIUM VOLATILITY | The ATR as a percentage value for CXW suggests some volalility. |
| Average Directional Index/ADX (14) | 34.55 | POSITIVE | The high ADX value value for CXW suggests a strong trend. |
CXW Chart- and CandleStick Pattern Analysis
CXW Technicals: Chart, Performance Metrics, Trend & Indicators
18.21
+0.57 (+3.23%)
CORECIVIC INC / CXW TA FAQ
Can you provide the ChartMill technical rating for CORECIVIC INC?
ChartMill assigns a technical rating of 1 / 10 to CXW.
Can you provide the trend direction for CORECIVIC INC?
The current trend direction for CORECIVIC INC (CXW) is Bearish.
What is the RSI signal for CXW stock?
CORECIVIC INC (CXW) has an RSI value of 51.4437. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CORECIVIC INC?
The MACD indicator for CORECIVIC INC (CXW) has a value of 0.0603193, indicating a bearish trend.
Can you provide the short term momentum for CORECIVIC INC?
The short term momentum for CORECIVIC INC (CXW) is neutral.