Correvio Pharma Corp (CORV) Technical Analysis
NASDAQ:CORV
Current stock price
CORV Technical Rating and Analysis
Overall CORV gets a technical rating of 5 out of 10. In the past year, CORV 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, CORV is a bad performer in the overall market: 96% of all stocks are doing better.
- CORV is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CORV is lagging the market.
- 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.
CORV Weekly and Daily overview Charts
CORV Setup Rating and Analysis
CORV has only a medium technical rating, but it does show a decent setup pattern. 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. 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
CORV Support and Resistance Analysis
0.38
When analyzing the support we can see 2 important areas.
- 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.
We can see 3 important resistance areas.
- 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.
CORV 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 | DOWN | NEGATIVE | The long term trend for CORV is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CORV is up. |
| ChartMill Relative Strength | 4.28 | NEGATIVE | CORV has a low relative strength, it was outperformed by 95.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CORV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CORV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CORV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.27 | NEUTRAL | The RSI value for CORV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CORV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.74 | NEUTRAL | The Stochastics value for CORV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for CORV suggests some volalility. |
CORV Chart- and CandleStick Pattern Analysis
CORV Technicals: Chart, Performance Metrics, Trend & Indicators
0.4199
+0 (+0.82%)
Correvio Pharma Corp / CORV TA FAQ
Can you provide the ChartMill technical rating for Correvio Pharma Corp?
ChartMill assigns a technical rating of 5 / 10 to CORV.
What is the trend direction for CORV stock?
The current trend direction for Correvio Pharma Corp (CORV) is Bearish.
Can you provide the RSI signal for Correvio Pharma Corp?
Correvio Pharma Corp (CORV) has an RSI value of 61.2705. This indicates that the stock is currently neutral.
What is the short term momentum for CORV stock?
The short term momentum for Correvio Pharma Corp (CORV) is positive.
What is the support and resistance level for CORV stock?
Correvio Pharma Corp (CORV) has a support level at 0.42 and a resistance level at 0.43. Check the full technical report for our detailed analysis of CORV support and resistance levels.