CEVA Technical Analysis - CEVA INC

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to CEVA. Although CEVA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

Looking at the yearly performance, CEVA did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

CEVA is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 48% of 112 stocks in the same industry.

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.

In the last month CEVA has a been trading in the 25.42 - 30.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

CEVA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

19.21

30.66

When analyzing the support we can see 4 important areas.

A support zone ranging from 26.63 to 26.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 23.07 to 23.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @22.03 from a trend line in the daily time frame.
Support @19.40 from a trend line in the weekly time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 27.69 to 28.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @30.36 from a trend line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for CEVA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CEVA is neutral.
ChartMill Relative Strength	74.26	POSITIVE	CEVA has a high relative strength, it outperformed 74.26% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of CEVA is below 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	MIXED	The current price of CEVA is above a declining SMA(200).
Relative Strength Index/RSI (14)	48.48	NEUTRAL	The RSI value for CEVA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.21	NEGATIVE	The MACD value suggests CEVA has a negative trend.
Stochastics (14,3)	50.79	NEUTRAL	The Stochastics value for CEVA is a neutral value.
Average True Range in percent/ATR (20)	5.86	HIGH VOLATILITY	The high ATR as a percentage value for CEVA suggests high volalility.
Average Directional Index/ADX (14)	25.96	POSITIVE	The high ADX value value for CEVA suggests a strong trend.