CORVEL CORP (CRVL) Technical Analysis
NASDAQ:CRVL • US2210061097
Current stock price
CRVL Technical Rating and Analysis
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.
- 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.
- 92% 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. 75% of 100 stocks in the same industry do better.
- CRVL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CRVL is lagging the market.
- In the last month CRVL has a been trading in the 50.51 - 56.06 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CRVL Weekly and Daily overview Charts
CRVL Setup Rating and Analysis
Although the technical rating is bad, CRVL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 54.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 54.41, a Stop Loss order could be placed below this zone.
More info and screens
CRVL Support and Resistance Analysis
50.97
We found 2 important support areas.
- A support zone ranging from 53.45 to 54.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @51.48 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 54.97 to 54.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @59.75 from a trend line in the daily time frame.
- Resistance @63.75 from a trend line in the daily time frame.
- Resistance @65.35 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 | NEUTRAL | NEUTRAL | The short term trend for CRVL is neutral. |
| ChartMill Relative Strength | 8.82 | NEGATIVE | CRVL has a low relative strength, it was outperformed by 91.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CRVL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CRVL is above 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) | 53.17 | NEUTRAL | The RSI value for CRVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests CRVL has a positive trend. |
| Stochastics (14,3) | 63.17 | NEUTRAL | The Stochastics value for CRVL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for CRVL suggests some volalility. |
| Average Directional Index/ADX (14) | 15.37 | 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
54.46
+0.86 (+1.6%)
CORVEL CORP / CRVL TA 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 CORVEL CORP (CRVL) stock?
CORVEL CORP (CRVL) has an RSI value of 53.1666. 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 0.277077, indicating a bearish trend.
Can you provide the support and resistance levels for CORVEL CORP?
CORVEL CORP (CRVL) has a support level at 54.41 and a resistance level at 54.97. Check the full technical report for our detailed analysis of CRVL support and resistance levels.