CRESCENT COVE ACQUISITION-A (COVA) Stock Technical Analysis
USA - NASDAQ:COVA - KYG2554Y1044 - Common Stock
10.55 USD
+0.27 (+2.63%)
11.79 USD
+1.24 (+11.75%)
Taking everything into account, COVA scores 8 out of 10 in our technical rating. In the last year, COVA was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, COVA did better than 85% of all other stocks.
COVA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so COVA is lagging the market.
In the last month COVA has a been trading in the 9.40 - 11.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
COVA has an excellent technical rating, but the quality of the setup is only medium 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
9.57
10.66
2 important support areas can be observed.
- A support zone ranging from 10.03 to 10.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.67 to 9.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for COVA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COVA is up. |
| ChartMill Relative Strength | 85.04 | POSITIVE | COVA has a high relative strength, it outperformed 85.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of COVA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of COVA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of COVA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.02 | NEUTRAL | The RSI value for COVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests COVA has a positive trend. |
| Stochastics (14,3) | 62.12 | NEUTRAL | The Stochastics value for COVA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for COVA suggests some volalility. |
| Average Directional Index/ADX (14) | 56.98 | POSITIVE | The high ADX value value for COVA suggests a strong trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.33 | 10.02 | 1.31 (11.56%) | 8.65% |
| An entry @11.33. This is a Buy Stop order right above the 10 day high. | An exit @10.02. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.31 points, which is 11.56%. | For a 1.00% total portfolio risk, you can invest 8.65% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.55
+0.27 (+2.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.63%
1 Week5.5%
2 Weeks4.71%
1 Month5.08%
3 Month6.24%
6 Month7.32%
12 Month7.87%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%2.77%
ATR Inc176.87%
Range Today0.5
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
CRS85.04
Mansfield1.45
10 Day High11.32
10 Day Low9.4
20 Day High11.32
20 Day Low9.4
52 Week High11.32
52 Week Low9.4
CS1 End10.13
CR1 StartN/A
Volume & EV
DER(3)12.35%
DER(5)6.04%
Volume43.30K
Volume Incr-47.88%
Vol(5)41.22K
Vol(50)71.13K