What Does MACD Oscillator Analysis predict about California Resources Corporation (NYSE:CRC)?

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Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of California Resources Corporation (NYSE:CRC) for the period of 9-Day stands at 82.07% while the stochastic %D for the same period stands at 85.57%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of California Resources Corporation (NYSE:CRC) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for California Resources Corporation (NYSE:CRC) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently California Resources Corporation (NYSE:CRC)’s 20-Day Bollinger Band indicates “Buy”.

About Company

California Resources Corporation is engaged in exploration and production of oil and gas. The Company produces, gathers, processes and markets crude oil, natural gas, natural gas liquids and electricity primarily in the State of California. California Resources Corporation is based in Los Angeles, California.

Previous Day Activity Analysis

On the last trading day, California Resources Corporation (NYSE:CRC) opened the session at $15.4 and after going up 5.13% closed at $16.39. The stock gained 0.99 points in the last trade.

California Resources Corporation (NYSE:CRC)’s stock fluctuated in the range of $15.39 and $16.65 during the previous active session. California Resources Corporation (NYSE:CRC) traded with the volume of 2.41 Million with average volume of 1.51 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 0 while ATR (Average True Range) and RSI (Relative Strength Index) are at 1.04 and 80.63 respectively.

Currently the Insider Ownership of the shares of California Resources Corporation (NYSE:CRC) is at 2.5% and the shares outstanding are 40.92 Million.

Important Ratio Analysis

Some important ratios to consider here for California Resources Corporation (NYSE:CRC) are discussed below:

Price to Earnings P/E ratio stands at 1.47 while Forward P/E shows the value of 0.

The Price to Sale P/S and Price to Book P/B shows the value of 0.32 and 0 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 74.52 and 26.83 correspondingly.

The Quick Ratio of California Resources Corporation (NYSE:CRC) stands at 0.5 while the Current Ratio depicts the value of 0.6.

Return on Assets ROA of California Resources Corporation (NYSE:CRC) is at 7.4% whereas, Return on Equity ROE and Return of Investment ROI of California Resources Corporation (NYSE:CRC) stand at -89.6% and 13.9% respectively.

Stock Performance Analysis

The stock performance of California Resources Corporation (NYSE:CRC) on the basis of 5 day trade show the jump of 42.27% whereas, the monthly performance of the stock shows increase of 56.39%.

The quarterly performance of the stock remained in green zone with the value of 126.07% while six month performance of the shares of California Resources Corporation (NYSE:CRC) remained bullish with the count of 27.05%.

The yearly and YTD performance of California Resources Corporation (NYSE:CRC) remained mix at 32.71% and -23.02% respectively.

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