CORVEL CORP (CRVL) Stock Technical Analysis
NASDAQ:CRVL • US2210061097
Taking everything into account, CRVL scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 94% of all other stocks performed better in the past year than CRVL.
- CRVL is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry, of which 78% are performing better than CRVL.
- CRVL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- CRVL is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of CRVL is bad and it also does not present a quality setup 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
48.71
When analyzing the resistance we notice 2 important areas.
- Resistance @66.88 from a trend line in the daily time frame.
- A resistance zone ranging from 68.89 to 70.83. 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 | 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 | 6.76 | NEGATIVE | CRVL has a low relative strength, it was outperformed by 93.24% 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) | 28.66 | OVERSOLD | The low RSI value suggests CRVL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.35 | NEGATIVE | The MACD value suggests CRVL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.7 | OVERSOLD | The low Stochastics value suggests CRVL may be oversold. |
| Average True Range in percent/ATR (20) | 6.77 | HIGH VOLATILITY | The high ATR as a percentage value for CRVL suggests high volalility. |
| Average Directional Index/ADX (14) | 39.53 | POSITIVE | The high ADX value value for CRVL suggests a strong trend. |
49.2
+1.93 (+4.08%)
CORVEL CORP / CRVL FAQ
What is the ChartMill technical rating of CORVEL CORP (CRVL) stock?
ChartMill assigns a technical rating of 0 / 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 28.6625. This indicates that the stock is currently oversold.
What is the MACD signal for CRVL stock?
The MACD indicator for CORVEL CORP (CRVL) has a value of -1.3504, indicating a bearish trend.
Can you provide the short term momentum for CORVEL CORP?
The short term momentum for CORVEL CORP (CRVL) is negative.