Cricut Inc (CRCT): Price Now Near $33.75; Daily Chart Shows Downtrend on 50 Day Basis

The Hourly View for CRCT

Currently, CRCT (Get Ratings)’s price is down $-0.94 (-2.7%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

CRCT ranks 6th in terms of today’s price percentage change out of Machinery stocks.

CRCT’s Technical Outlook on the Daily Chart

At the time of this writing, CRCT’s price is up $0.97 (2.97%) from the day prior. CRCT has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls. As for the trend on the daily timeframe, we see the clearest trend on the 50 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. Cricut Inc’s price action over the past 90 days can be seen via the chart below.

CRCT

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CRCT: Daily RSI Analysis

  • CRCT’s RSI now stands at 100.
  • CRCT and RSI may be exhibiting divergent trends. This may be something to monitor.

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