CEVA INC (CEVA) Technical Analysis
NASDAQ:CEVA • US1572101053
Taking everything into account, CEVA scores 0 out of 10 in our technical rating. CEVA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, CEVA is a bad performer in the overall market: 88% of all stocks are doing better.
- CEVA is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 88% of 115 stocks in the same industry do better.
- CEVA is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so CEVA is lagging the market.
- In the last month CEVA has a been trading in the 18.29 - 24.00 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of CEVA is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
18.06
5 important resistance areas can be observed.
- A resistance zone ranging from 18.39 to 18.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 19.99 to 20.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @22.04 from a trend line in the daily time frame.
- Resistance @23.48 from a horizontal line in the daily time frame.
- Resistance @24.43 from a trend line in the weekly 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 | DOWN | NEGATIVE | The short term trend for CEVA is down. |
| ChartMill Relative Strength | 12.18 | NEGATIVE | CEVA has a low relative strength, it was outperformed by 87.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CEVA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CEVA is below a declining 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) | 36.44 | NEUTRAL | The RSI value for CEVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests CEVA has a negative trend. |
| Stochastics (14,3) | 33.83 | NEUTRAL | The Stochastics value for CEVA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.93 | HIGH VOLATILITY | The high ATR as a percentage value for CEVA suggests high volalility. |
| Average Directional Index/ADX (14) | 21.62 | NEUTRAL | The ADX value for CEVA suggests a possible start of a new trend. |
CEVA Technicals: Chart, Performance Metrics, Trend & Indicators
18.24
-0.16 (-0.87%)
CEVA INC / CEVA FAQ
What is the ChartMill technical rating of CEVA INC (CEVA) stock?
ChartMill assigns a technical rating of 0 / 10 to CEVA.
What is the trend direction for CEVA stock?
The current trend direction for CEVA INC (CEVA) is Bearish.
Can you provide the RSI signal for CEVA INC?
CEVA INC (CEVA) has an RSI value of 36.4428. This indicates that the stock is currently neutral.
What is the buy/sell signal for CEVA stock?
The buy/sell signal for CEVA INC (CEVA) is sell as both the short term and long term trends are negative.
What is the support and resistance level for CEVA stock?
CEVA INC (CEVA) has a support level at 18.39 and a resistance level at 19.99. Check the full technical report for our detailed analysis of CEVA support and resistance levels.