CARBON REVOLUTION PLC (CREV) Stock Technical Analysis
NASDAQ:CREV - Nasdaq - IE000OD0CSK4 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to CREV. CREV has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
CREV is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CREV has a been trading in the 3.14 - 9.20 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CREV is part of the Automobile Components industry. There are 80 other stocks in this industry. CREV outperforms 73% of them.
When comparing the yearly performance of all stocks, we notice that CREV is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this relatively good performance is mostly due to a recent big move.
CREV has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for CREV in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
2.62
7.13
3 important support areas can be observed.
- Support @3.93 from a trend line in the daily time frame.
- Support @3.20 from a horizontal line in the daily time frame.
- Support @2.65 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @5.00 from a horizontal line in the weekly time frame.
- Resistance @5.19 from a trend line in the daily time frame.
- Resistance @5.43 from a horizontal line in the daily time frame.
- Resistance @7.06 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 | NEUTRAL | NEUTRAL | The long term trend for CREV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CREV is up. |
| ChartMill Relative Strength | 84.37 | POSITIVE | CREV has a high relative strength, it outperformed 84.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CREV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CREV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CREV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.71 | NEUTRAL | The RSI value for CREV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CREV has a positive trend. |
| Stochastics (14,3) | 26.04 | NEUTRAL | The Stochastics value for CREV is a neutral value. |
| Average True Range in percent/ATR (20) | 19.82 | HIGH VOLATILITY | The high ATR as a percentage value for CREV suggests high volalility. |
| Average Directional Index/ADX (14) | 35.84 | POSITIVE | The high ADX value value for CREV 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 |
|---|---|---|---|
| 5.01 | 3.92 | 1.09 (21.76%) | 4.60% |
| An entry @5.01. This is a Buy Stop order right above the resistance zone. | An exit @3.92. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.09 points, which is 21.76%. | For a 1.00% total portfolio risk, you can invest 4.60% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CREV. Please evaluate whether better entry and exit points can be found.
- 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.
4.99
+0.47 (+10.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg10.4%
1 Week35.97%
2 Weeks1.63%
1 Month1.84%
3 Month72.63%
6 Month28.61%
12 Month-18.86%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.13
ATR(20)%19.82%
ATR Inc8.19%
Range Today1.66
ADR(20)0.94
ADR(20)%18.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.37
Mansfield1.86
10 Day High9.2
10 Day Low3.28
20 Day High9.2
20 Day Low3.14
52 Week High12.75
52 Week Low2
CS1 End3.93
CR1 Start5
Volume & EV
DER(3)9.49%
DER(5)6.77%
Volume344.20K
Volume Incr-76.22%
Vol(5)152.12K
Vol(50)466.01K