CEVA INC (CEVA) Stock Technical Analysis
NASDAQ:CEVA - Nasdaq - US1572101053 - Common Stock - Currency: USD
Taking everything into account, CEVA scores 4 out of 10 in our technical rating. In the past year, CEVA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 23.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.14, a Stop Loss order could be placed below this zone.
More info and screens
16.88
We found 4 important support areas.
- A support zone ranging from 22.80 to 23.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.89 from a horizontal line in the daily time frame.
- Support @19.01 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 one important area.
- A resistance zone ranging from 23.24 to 23.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for CEVA is up. |
| ChartMill Relative Strength | 30.98 | 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) | 56.27 | NEUTRAL | The RSI value for CEVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CEVA has a negative trend. |
| Stochastics (14,3) | 63.69 | NEUTRAL | The Stochastics value for CEVA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.55 | MEDIUM VOLATILITY | The ATR as a percentage value for CEVA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.06 | NEGATIVE | The low ADX value for CEVA suggests a weak or negative trend. |
23.15
+0.3 (+1.31%)