CEVA INC (CEVA) Stock Technical Analysis
NASDAQ:CEVA - Nasdaq - US1572101053 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to CEVA. 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.
When comparing the yearly performance of all stocks, CEVA is a bad performer in the overall market: 62% of all stocks are doing better.
CEVA is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry, of which 62% are performing better than CEVA.
In the last month CEVA has a been trading in the 21.41 - 23.82 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CEVA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CEVA is lagging the market.
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 23.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.08, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
16.88
23.80
We found 3 important support areas.
- A support zone ranging from 22.46 to 23.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.01 from a trend line in the weekly time frame.
- Support @17.05 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 23.48 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 | 38.1 | 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) | 60.62 | NEUTRAL | The RSI value for CEVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CEVA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.07 | OVERBOUGHT | The high Stochastics value suggests CEVA may be overbought. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for CEVA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.18 | 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)
23.47
-0.09 (-0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.38%
1 Week4.5%
2 Weeks3.21%
1 Month10.34%
3 Month-12.13%
6 Month-30.11%
12 Month14.1%
2 Year-13.59%
3 Year-36.96%
5 Year-41.62%
10 Year25.31%
15 Year83.79%
Volatility
ATR(14)0.86
ATR(20)%3.71%
ATR Inc-3.58%
Range Today0.88
ADR(20)0.85
ADR(20)%3.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.1
Mansfield-1.73
10 Day High23.82
10 Day Low21.92
20 Day High23.82
20 Day Low21.41
52 Week High38.94
52 Week Low16.02
CS1 End23.08
CR1 Start23.48
Volume & EV
DER(3)0.57%
DER(5)0.53%
Volume229.70K
Volume Incr-4.45%
Vol(5)252.28K
Vol(50)285.64K