Taking everything into account, CRVL scores 0 out of 10 in our technical rating. 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. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
69.87
When analyzing the support we notice one important area.
- A support zone ranging from 70.58 to 71.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 74.10 to 75.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 77.55 to 78.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @103.67 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 | 11.5 | NEGATIVE | CRVL has a low relative strength, it was outperformed by 88.5% 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) | 47.45 | NEUTRAL | The RSI value for CRVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests CRVL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.83 | OVERSOLD | The low Stochastics value suggests CRVL may be oversold. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for CRVL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.8 | NEGATIVE | The low ADX value for CRVL suggests a weak or negative trend. |
73.85
+2.16 (+3.01%)
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 47.4484. 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 71.48 and a resistance level at 74.1. Check the full technical report for our detailed analysis of CRVL support and resistance levels.