CORVEL CORP (CRVL) Stock Technical Analysis
NASDAQ:CRVL - US2210061097 - Common Stock
89.76 USD
-0.69 (-0.76%)
89.76 USD
0 (0%)
Overall CRVL gets a technical rating of 1 out of 10. CRVL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
89% 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. 65% of 101 stocks in the same industry do better.
CRVL 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 CRVL has a been trading in the 85.13 - 93.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, CRVL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 92.64. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 86.92, a Stop Loss order could be placed below this zone.
More info and screens
84.70
109.32
When analyzing the support we notice one important area.
- A support zone ranging from 85.56 to 86.92. 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 92.64 to 92.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @102.41 from a trend line in the daily time frame.
- Resistance @108.24 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 | NEUTRAL | NEUTRAL | The short term trend for CRVL is neutral. |
| ChartMill Relative Strength | 11.47 | NEGATIVE | CRVL has a low relative strength, it was outperformed by 88.53% 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) | 46.44 | NEUTRAL | The RSI value for CRVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.78 | POSITIVE | The MACD value suggests CRVL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.87 | NEUTRAL | The Stochastics value for CRVL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for CRVL suggests some volalility. |
| Average Directional Index/ADX (14) | 23.8 | NEUTRAL | The ADX value for CRVL suggests a possible start of a new 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)
89.76
-0.69 (-0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.76%
1 Week0.28%
2 Weeks-0.06%
1 Month1.41%
3 Month-19.33%
6 Month-18.6%
12 Month-16.04%
2 Year24.41%
3 Year73.3%
5 Year224.36%
10 Year796.7%
15 Year1364.28%
Volatility
ATR(14)2.25
ATR(20)%2.49%
ATR Inc-8.88%
Range Today1.56
ADR(20)2.15
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.47
Mansfield-2.39
10 Day High93.71
10 Day Low87.81
20 Day High93.71
20 Day Low85.13
52 Week High128.61
52 Week Low85.13
CS1 End86.92
CR1 Start92.64
Volume & EV
DER(3)1.35%
DER(5)1.64%
Volume151.26K
Volume Incr1.92%
Vol(5)163.49K
Vol(50)160.37K