CORVEL CORP (CRVL) Stock Technical Analysis
NASDAQ:CRVL - Nasdaq - US2210061097 - Common Stock - Currency: USD
Overall CRVL gets a technical rating of 0 out of 10. CRVL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
90% of all other stocks performed better in the past year than CRVL.
CRVL is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month CRVL has a been trading in the 86.14 - 101.70 range, which is quite wide. It is currently trading near the lows of this range.
CRVL is an average performer in the Health Care Providers & Services industry, it outperforms 40% of 103 stocks in the same industry.
CRVL has a poor technical rating and the quality of the setup is also not perfect 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
85.64
110.47
When analyzing the support we notice one important area.
- A support zone ranging from 86.51 to 86.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 88.68 to 89.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @105.41 from a trend line in the daily time frame.
- Resistance @109.38 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 CRVL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CRVL is down. |
| ChartMill Relative Strength | 10.98 | NEGATIVE | CRVL has a low relative strength, it was outperformed by 89.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CRVL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CRVL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CRVL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 23.35 | OVERSOLD | The low RSI value suggests CRVL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests CRVL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.76 | OVERSOLD | The low Stochastics value suggests CRVL may be oversold. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for CRVL suggests some volalility. |
| Average Directional Index/ADX (14) | 42.13 | POSITIVE | The high ADX value value for CRVL 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)
86.52
-0.19 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.22%
1 Week-1.76%
2 Weeks-9.9%
1 Month-13.48%
3 Month-23.1%
6 Month-25.54%
12 Month-14.05%
2 Year19.92%
3 Year67.05%
5 Year212.65%
10 Year764.34%
15 Year1311.42%
Volatility
ATR(14)2.81
ATR(20)%2.96%
ATR Inc-17.43%
Range Today2.35
ADR(20)2.54
ADR(20)%2.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.98
Mansfield-2.61
10 Day High97.97
10 Day Low86.14
20 Day High101.71
20 Day Low86.14
52 Week High128.61
52 Week Low86.14
CS1 End86.51
CR1 Start88.68
Volume & EV
DER(3)-1.64%
DER(5)-1.68%
Volume145.00K
Volume Incr4.84%
Vol(5)167.00K
Vol(50)152.74K