Core Scientific, Inc. (CORZ)

Core Scientific, Inc. is trading at $19.10, down 5.12% on the session. The 50 day average sits at $23.85 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 44, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $19.89 with resistance near $23.60, so that band frames the current range. Average daily movement is roughly $1.76, or about 9.2% of the share price, which is what any stop placement has to allow for. The overall health score of 30 out of 100 combines a trend score of 28, momentum of 29 and a risk score of 34.

Core Scientific, Inc. provides infrastructure for high-density colocation services and digital asset mining in the United States. It operates through three segments: Colocation, Digital Asset Self-Mining, and Digital Asset Hosted Mining. The company offers space, power, cooling, facilities operations, security, and other services to third-party customers to support workloads for machine learning and artificial intelligence; deployment, monitoring, troubleshooting, optimization, and maintenance of its customers' digital asset mining equipment; and electrical power, repair, and other infrastructure services for its customers to operate, maintain, and mine digital assets. It is also involved in the deployment and operation of its fleet of miners within its digital infrastructure as part of a pool of users that process transactions conducted on one or more blockchain networks to receive digital assets in the form of bitcoin. It also deploys and operates its fleet of miners within its digital infrastructure as part of a pool of users that process transactions conducted on one or more blockchain networks; and provides hosting services for digital asset mining customers, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment. Core Scientific, Inc. was founded in 2017 and is headquartered in Dover, Delaware.