CORECIVIC INC (CXW) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CXW - US21871N1019 - Common Stock
Taking everything into account, CXW scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. CXW was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, CXW is a bad performer in the overall market: 68% of all stocks are doing better.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month CXW has a been trading in the 18.57 - 20.46 range, which is quite wide. It is currently trading near the high of this range.
- CXW has an average volume of 1024910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CXW is part of the Commercial Services & Supplies industry. There are 80 other stocks in this industry, CXW did better than 58% of them.
- CXW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CXW is lagging the market.
Although the technical rating is only medium, CXW does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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 20.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.00, a Stop Loss order could be placed below this zone.
More info and screens
17.50
We found 3 important support areas.
- A support zone ranging from 19.47 to 20.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.95 to 19.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.68 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 20.30 to 20.53. 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 | 32.47 | NEUTRAL | CXW is not amongst the best or worst performers 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) | 60.78 | NEUTRAL | The RSI value for CXW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CXW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.02 | NEUTRAL | The Stochastics value for CXW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for CXW suggests some volalility. |
| Average Directional Index/ADX (14) | 25.4 | POSITIVE | The high ADX value value for CXW suggests a strong trend. |
20.01
+0.1 (+0.5%)
CORECIVIC INC / CXW FAQ
Can you provide the ChartMill technical rating for CORECIVIC INC?
ChartMill assigns a technical rating of 5 / 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 60.7809. 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 0.0286508, indicating a bearish trend.
Can you provide the short term momentum for CORECIVIC INC?
The short term momentum for CORECIVIC INC (CXW) is positive.