We assign a technical rating of 0 out of 10 to CRVL. 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.
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 74.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 70.39, a Stop Loss order could be placed below this zone.
More info and screens
68.48
When analyzing the support we notice one important area.
- A support zone ranging from 69.17 to 70.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 74.86 to 77.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @102.14 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 | DOWN | NEGATIVE | The short term trend for CRVL is down. |
| ChartMill Relative Strength | 12.64 | NEGATIVE | CRVL has a low relative strength, it was outperformed by 87.36% 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) | 45.77 | NEUTRAL | The RSI value for CRVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CRVL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.89 | NEUTRAL | The Stochastics value for CRVL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for CRVL suggests some volalility. |
| Average Directional Index/ADX (14) | 15.19 | NEGATIVE | The low ADX value for CRVL suggests a weak or negative trend. |
70.81
+0.88 (+1.26%)
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.
What is the trend direction for CRVL stock?
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 45.7719. This indicates that the stock is currently neutral.
What is the buy/sell signal for CORVEL CORP (CRVL) stock?
The buy/sell signal for CORVEL CORP (CRVL) is sell as both the short term and long term trends are negative.
What is the support and resistance level for CRVL stock?
CORVEL CORP (CRVL) has a support level at 70.39 and a resistance level at 74.86. Check the full technical report for our detailed analysis of CRVL support and resistance levels.