Taking everything into account, CORV scores 5 out of 10 in our technical rating. 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.
CORV 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 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
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.
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. |
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+0 (+0.82%)
Correvio Pharma Corp / CORV 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 current trend direction of Correvio Pharma Corp (CORV) stock?
The current trend direction for Correvio Pharma Corp (CORV) is Bearish.
What is the RSI signal for Correvio Pharma Corp (CORV) stock?
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 are the support and resistance levels for Correvio Pharma Corp (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.