Cricut Inc (CRCT): Price Now Near $31.3; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for CRCT

At the time of this writing, CRCT (Get Ratings)’s price is up $0.22 (0.69%) from the hour prior. The hourly chart shows that CRCT has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Machinery stocks, CRCT ranks 16th in regards to today’s price percentage change.

CRCT’s Technical Outlook on the Daily Chart

At the time of this writing, CRCT’s price is up $0.52 (1.69%) from the day prior. This move is a reversal from the day prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows CRCT’s price action over the past 90 days.

CRCT

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CRCT: Daily RSI Analysis

  • For CRCT, its RSI is now at 12.093.
  • CRCT and RSI may be exhibiting divergent trends. This may be something to monitor.

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