CORE SCIENTIFIC INC (CORZ) Stock Technical Analysis
NASDAQ:CORZ - Nasdaq - US21874A1060 - Common Stock - Currency: USD
Overall CORZ gets a technical rating of 2 out of 10. Although CORZ is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
CORZ is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month CORZ has a been trading in the 6.20 - 9.45 range, which is quite wide. It is currently trading near the lows of this range.
CORZ is one of the better performing stocks in the Software industry, it outperforms 90% of 283 stocks in the same industry.
CORZ has an average volume of 17575800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CORZ did better than 94% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, CORZ does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 7.13. Right above this resistance zone may be a good entry point.
More info and screens
6.44
13.11
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.61 to 6.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.50 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @7.13 from a trend line in the daily time frame.
- A resistance zone ranging from 7.48 to 7.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @12.98 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.19
Mansfield-3.34
10 Day High7.64
10 Day Low6.2
20 Day High9.45
20 Day Low6.2
52 Week High18.63
52 Week Low2.88
Performance
1 Week-2.79%
2 Weeks-7.27%
1 Month-22.82%
3 Month-55.8%
6 Month-48.24%
12 Month113.87%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.04
RSI(14)38.68
LBB6.12
UBB8.17
6.63
+0.04 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.61%
1 Week-2.79%
2 Weeks-7.27%
1 Month-22.82%
3 Month-55.8%
6 Month-48.24%
12 Month113.87%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.8
ATR(20)%12.35%
ATR Inc-55.63%
Range Today0.45
ADR(20)0.75
ADR(20)%11.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.19
Mansfield-3.34
10 Day High7.64
10 Day Low6.2
20 Day High9.45
20 Day Low6.2
52 Week High18.63
52 Week Low2.88
CS1 End6.62
CR1 Start7.13
Volume & EV
DER(3)-1.27%
DER(5)-0.4%
Volume9.75M
Volume Incr-57.28%
Vol(5)9.05M
Vol(50)17.58M