CEVA INC (CEVA) Stock Technical Analysis
NASDAQ:CEVA - US1572101053 - Common Stock
23.52 USD
+1.31 (+5.9%)
23.52 USD
0 (0%)
We assign a technical rating of 4 out of 10 to CEVA. In the past year, CEVA was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
CEVA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
When comparing the performance of all stocks over the past year, CEVA turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
CEVA is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 57% of 110 stocks in the same industry.
In the last month CEVA has a been trading in the 20.41 - 24.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CEVA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 23.52. Right above this resistance zone may be a good entry point.
More info and screens
16.88
24.61
5 important support areas can be observed.
- A support zone ranging from 22.32 to 22.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.35 to 21.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.70 to 20.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.14 from a trend line in the weekly time frame.
- Support @17.05 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 23.52 to 23.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.37 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for CEVA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CEVA is neutral. |
| ChartMill Relative Strength | 60.7 | NEUTRAL | CEVA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CEVA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CEVA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CEVA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.83 | NEUTRAL | The RSI value for CEVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CEVA has a positive trend. |
| Stochastics (14,3) | 51.92 | NEUTRAL | The Stochastics value for CEVA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.02 | HIGH VOLATILITY | The high ATR as a percentage value for CEVA suggests high volalility. |
| Average Directional Index/ADX (14) | 15.68 | NEGATIVE | The low ADX value for CEVA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
23.52
+1.31 (+5.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg5.9%
1 Week0.9%
2 Weeks8.29%
1 Month1.6%
3 Month22.95%
6 Month-31.81%
12 Month-4.58%
2 Year1.29%
3 Year-19.64%
5 Year-44.33%
10 Year22.18%
15 Year94.38%
Volatility
ATR(14)1.26
ATR(20)%5.02%
ATR Inc-12.87%
Range Today1.4
ADR(20)1.13
ADR(20)%4.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.7
Mansfield-1.86
10 Day High24.56
10 Day Low20.84
20 Day High24.56
20 Day Low20.41
52 Week High38.94
52 Week Low18.31
CS1 End22.66
CR1 Start23.52
Volume & EV
DER(3)0.75%
DER(5)0.68%
Volume242.90K
Volume Incr-0.45%
Vol(5)265.16K
Vol(50)261.50K