We assign a technical rating of 6 out of 10 to CRUS. In the last year, CRUS was one of the better performers, but we do observe some doubts in the very recent evolution.
CRUS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 118.12, a Stop Loss order could be placed below this zone.
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81.20
We found 5 important support areas.
- A support zone ranging from 118.08 to 118.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @115.68 from a horizontal line in the daily time frame.
- A support zone ranging from 112.67 to 113.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @87.19 from a trend line in the weekly time frame.
- Support @82.02 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 121.44 to 124.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 131.15 to 132.66. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for CRUS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CRUS is neutral. |
| ChartMill Relative Strength | 72.87 | POSITIVE | CRUS has a high relative strength, it outperformed 72.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CRUS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CRUS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CRUS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.32 | NEUTRAL | The RSI value for CRUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests CRUS has a negative trend. |
| Stochastics (14,3) | 25.08 | NEUTRAL | The Stochastics value for CRUS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for CRUS suggests some volalility. |
| Average Directional Index/ADX (14) | 12.06 | NEGATIVE | The low ADX value for CRUS suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 124.38 | 119.38 | 5.00 (4.02%) | 24.88% |
| An entry @124.38. This is a Buy Stop order right above the resistance zone. | An exit @119.38. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.00 points, which is 4.02%. | When investing 24.88% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
121.14
+1.14 (+0.95%)
CIRRUS LOGIC INC / CRUS FAQ
What is the ChartMill technical rating of CIRRUS LOGIC INC (CRUS) stock?
ChartMill assigns a technical rating of 6 / 10 to CRUS.
What is the current trend direction of CIRRUS LOGIC INC (CRUS) stock?
The current trend direction for CIRRUS LOGIC INC (CRUS) is Bullish.
Can you provide the RSI signal for CIRRUS LOGIC INC?
CIRRUS LOGIC INC (CRUS) has an RSI value of 48.319. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CIRRUS LOGIC INC?
The MACD indicator for CIRRUS LOGIC INC (CRUS) has a value of -0.119409, indicating a bearish trend.
Can you provide the support and resistance levels for CIRRUS LOGIC INC?
CIRRUS LOGIC INC (CRUS) has a support level at 118.12 and a resistance level at 121.44. Check the full technical report for our detailed analysis of CRUS support and resistance levels.