CORECIVIC INC (CXW) Stock Technical Analysis
NYSE:CXW - New York Stock Exchange, Inc. - US21871N1019 - Common Stock - Currency: USD
Overall CXW gets a technical rating of 4 out of 10. CXW was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month CXW has a been trading in the 20.38 - 23.20 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
When comparing the yearly performance of all stocks, we notice that CXW is one of the better performing stocks in the market, outperforming 92% of all stocks.
CXW is one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 97% of 503 stocks in the same industry.
CXW has an average volume of 1039020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
CXW is currently trading in the middle 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 slightly.
CXW has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
17.84
23.29
When analyzing the support we notice one important area.
- A support zone ranging from 18.02 to 18.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 21.71 to 21.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Strong resistance @22.49 from a horizontal line in the daily time frame.
- A resistance zone ranging from 22.97 to 23.06. 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 CXW is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CXW is down. |
| ChartMill Relative Strength | 92.74 | POSITIVE | CXW has a high relative strength, it outperformed 92.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CXW is below a declining 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) | UP | POSITIVE | The current price of CXW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.36 | NEUTRAL | The RSI value for CXW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests CXW has a negative trend. |
| Stochastics (14,3) | 29.36 | NEUTRAL | The Stochastics value for CXW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for CXW suggests some volalility. |
| Average Directional Index/ADX (14) | 16.74 | NEGATIVE | The low ADX value for CXW 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)
20.61
-0.87 (-4.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-4.05%
1 Week-6.23%
2 Weeks-6.15%
1 Month-5.98%
3 Month1.43%
6 Month-5.8%
12 Month77.52%
2 Year119.02%
3 Year85.51%
5 Year120.19%
10 Year-37.7%
15 Year8.02%
Volatility
ATR(14)0.62
ATR(20)%2.93%
ATR Inc24.04%
Range Today0.91
ADR(20)0.58
ADR(20)%2.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.74
Mansfield0.98
10 Day High22.65
10 Day Low20.38
20 Day High23.2
20 Day Low20.38
52 Week High24.99
52 Week Low11.23
CS1 End18.02
CR1 Start21.71
Volume & EV
DER(3)-1.64%
DER(5)-0.06%
Volume1.20M
Volume Incr21.23%
Vol(5)1.03M
Vol(50)1.04M