CORVEL CORP (CRVL) Technical Analysis
NASDAQ:CRVL • US2210061097
Current stock price
CRVL Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to CRVL. Recently some decent action could be observed, but in the medium term time frame this is still negative. CRVL was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, CRVL is a bad performer in the overall market: 92% of all stocks are doing better.
- CRVL is one of the lesser performing stocks in the Health Care Providers & Services industry. 79% of 100 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 51.69 - 58.74 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
CRVL Weekly and Daily overview Charts
CRVL Setup Rating and Analysis
Although the technical rating is only medium, 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 57.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 57.51, a Stop Loss order could be placed below this zone.
More info and screens
CRVL Support and Resistance Analysis
51.73
When analyzing the support we can see 3 important areas.
- A support zone ranging from 56.71 to 57.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.70 to 55.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 52.25 to 53.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 57.99 to 58.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @61.33 from a trend line in the daily time frame.
- Resistance @63.33 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for CRVL is up. |
| ChartMill Relative Strength | 8.89 | NEGATIVE | CRVL has a low relative strength, it was outperformed by 91.11% 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) | UP | POSITIVE | The current price of CRVL is above the rising 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) | 61.7 | NEUTRAL | The RSI value for CRVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests CRVL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.8 | OVERBOUGHT | The high Stochastics value suggests CRVL may be overbought. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for CRVL suggests some volalility. |
| Average Directional Index/ADX (14) | 11.57 | NEGATIVE | The low ADX value for CRVL suggests a weak or negative trend. |
CRVL Chart- and CandleStick Pattern Analysis
CRVL Technicals: Chart, Performance Metrics, Trend & Indicators
57.98
-0.14 (-0.24%)
CORVEL CORP / CRVL TA FAQ
What is the ChartMill technical rating of CORVEL CORP (CRVL) stock?
ChartMill assigns a technical rating of 4 / 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 CORVEL CORP (CRVL) stock?
CORVEL CORP (CRVL) has an RSI value of 61.7024. This indicates that the stock is currently neutral.
What is the MACD signal for CORVEL CORP (CRVL) stock?
The MACD indicator for CORVEL CORP (CRVL) has a value of 0.316927, indicating a bearish trend.
Can you provide the support and resistance levels for CORVEL CORP?
CORVEL CORP (CRVL) has a support level at 57.51 and a resistance level at 57.99. Check the full technical report for our detailed analysis of CRVL support and resistance levels.