Correvio Pharma Corp (CORV) Stock Technical Analysis
NASDAQ:CORV - Nasdaq -
We assign a technical rating of 5 out of 10 to CORV. Recently some decent action could be observed, but in the medium term time frame this is still negative. CORV was also a bad performer in the overall market in the last year.
96% of all other stocks performed better in the past year than CORV.
CORV is currently trading near the lower end of its 52 week range, which is not a good sign. CORV is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month CORV has a been trading in the 0.36 - 0.43 range, which is quite wide. It is currently trading near the high of this range.
CORV has an average volume of 3078060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, CORV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.42, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
0.38
0.77
2 important support areas can be observed.
- A support zone ranging from 0.42 to 0.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @0.38 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.43 to 0.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.48 from a trend line in the daily time frame.
- Resistance @0.76 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.28
Mansfield-6.63
10 Day High0.43
10 Day Low0.4
20 Day High0.43
20 Day Low0.36
52 Week High2.79
52 Week Low0.21
Performance
1 Week0.19%
2 Weeks3.68%
1 Month1.57%
3 Month-8.72%
6 Month-79.71%
12 Month-81.25%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)61.27
LBB0.39
UBB0.43
0.4199
+0 (+0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.82%
1 Week0.19%
2 Weeks3.68%
1 Month1.57%
3 Month-8.72%
6 Month-79.71%
12 Month-81.25%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%3.3%
ATR Inc-69.24%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.28
Mansfield-6.63
10 Day High0.43
10 Day Low0.4
20 Day High0.43
20 Day Low0.36
52 Week High2.79
52 Week Low0.21
CS1 End0.42
CR1 Start0.43
Volume & EV
DER(3)1.38%
DER(5)0.66%
Volume3.76M
Volume Incr-37.81%
Vol(5)1.72M
Vol(50)3.08M