CORVEL CORP (CRVL) Stock Technical Analysis
NASDAQ:CRVL - Nasdaq - US2210061097 - Common Stock - Currency: USD
Taking everything into account, CRVL scores 3 out of 10 in our technical rating. Although CRVL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month CRVL has a been trading in the 107.90 - 117.22 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that CRVL is one of the better performing stocks in the market, outperforming 81% of all stocks.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
CRVL is an average performer in the Health Care Providers & Services industry, it outperforms 68% of 102 stocks in the same industry.
CRVL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRVL is lagging the market.
Although the technical rating is bad, CRVL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 108.05, a Stop Loss order could be placed below this zone.
More info and screens
101.52
120.66
When analyzing the support we can see 2 important areas.
- A support zone ranging from 106.01 to 108.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 102.55 to 103.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 108.76 to 112.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 118.66 to 119.47. This zone is formed by a combination of multiple trend lines in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for CRVL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CRVL is down. |
| ChartMill Relative Strength | 81.48 | POSITIVE | CRVL has a high relative strength, it outperformed 81.48% 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) | UP | MIXED | The current price of CRVL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.54 | NEUTRAL | The RSI value for CRVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests CRVL has a negative trend. |
| Stochastics (14,3) | 2.81 | OVERSOLD | The low Stochastics value suggests CRVL may be oversold. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for CRVL suggests some volalility. |
| Average Directional Index/ADX (14) | 10 | NEGATIVE | The low ADX value for CRVL suggests a weak or negative 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)
108.06
-0.23 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.21%
1 Week-2.95%
2 Weeks-2.16%
1 Month-5.48%
3 Month1.32%
6 Month-7.9%
12 Month32.18%
2 Year67.54%
3 Year120.13%
5 Year357.3%
10 Year912.43%
15 Year1818.79%
Volatility
ATR(14)2.97
ATR(20)%2.74%
ATR Inc-37.21%
Range Today2.05
ADR(20)2.8
ADR(20)%2.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.48
Mansfield-0.45
10 Day High113.64
10 Day Low107.9
20 Day High117.22
20 Day Low107.9
52 Week High128.61
52 Week Low81.36
CS1 End108.05
CR1 Start108.76
Volume & EV
DER(3)-1.15%
DER(5)-0.37%
Volume83.00K
Volume Incr-14.83%
Vol(5)112.08K
Vol(50)147.44K