CORVEL CORP (CRVL) Technical Analysis
NASDAQ:CRVL • US2210061097
Current stock price
CRVL Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to CRVL. 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 91% of all other stocks performed better in the past year than CRVL.
- CRVL is one of the lesser performing stocks in the Health Care Providers & Services industry. 75% of 101 stocks in the same industry do better.
- CRVL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CRVL is lagging the market.
- In the last month CRVL has a been trading in the 47.00 - 55.59 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- Volume is considerably higher in the last couple of days.
CRVL Weekly and Daily overview Charts
CRVL Setup Rating and Analysis
CRVL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 54.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 53.05, a Stop Loss order could be placed below this zone.
More info and screens
CRVL Support and Resistance Analysis
52.08
We found 1 important support area.
- A support zone ranging from 52.61 to 53.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 54.97 to 54.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @61.83 from a trend line in the daily time frame.
- Resistance @65.03 from a trend line in the daily time frame.
- Resistance @66.36 from a trend line in the weekly time frame.
- Resistance @70.83 from a horizontal line in the daily time frame.
CRVL 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 CRVL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CRVL is neutral. |
| ChartMill Relative Strength | 9.54 | NEGATIVE | CRVL has a low relative strength, it was outperformed by 90.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRVL is above the rising 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) | 48.86 | NEUTRAL | The RSI value for CRVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.58 | POSITIVE | The MACD value suggests CRVL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.59 | NEUTRAL | The Stochastics value for CRVL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for CRVL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.19 | NEUTRAL | The ADX value for CRVL suggests a possible start of a new trend. |
CRVL Chart- and CandleStick Pattern Analysis
CRVL Technicals: Chart, Performance Metrics, Trend & Indicators
53.49
-0.16 (-0.3%)
CORVEL CORP / CRVL TA FAQ
What is the ChartMill technical rating of CORVEL CORP (CRVL) stock?
ChartMill assigns a technical rating of 1 / 10 to CRVL.
Can you provide the trend direction for CORVEL CORP?
The current trend direction for CORVEL CORP (CRVL) is Bearish.
What is the RSI signal for CRVL stock?
CORVEL CORP (CRVL) has an RSI value of 48.8586. This indicates that the stock is currently neutral.
What is the MACD signal for CRVL stock?
The MACD indicator for CORVEL CORP (CRVL) has a value of 0.576473, indicating a bearish trend.
Can you provide the short term momentum for CORVEL CORP?
The short term momentum for CORVEL CORP (CRVL) is neutral.