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. We see reduced volatility while prices have been consolidating in the most recent period.
65.08
We found 2 important support areas.
When analyzing the resistance we notice 2 important areas.
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 | 13.76 | NEGATIVE | CRVL has a low relative strength, it was outperformed by 86.24% 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 | 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) | 48.9 | NEUTRAL | The RSI value for CRVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests CRVL has a positive trend. |
| Stochastics (14,3) | 49.14 | NEUTRAL | The Stochastics value for CRVL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for CRVL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.81 | NEGATIVE | The low ADX value for CRVL suggests a weak or negative trend. |
69.27
+0.68 (+0.99%)
ChartMill assigns a technical rating of 0 / 10 to CRVL.
The current trend direction for CORVEL CORP (CRVL) is Bearish.
CORVEL CORP (CRVL) has an RSI value of 48.9. This indicates that the stock is currently neutral.
The MACD indicator for CORVEL CORP (CRVL) has a value of 0.112881, indicating a bearish trend.
The short term momentum for CORVEL CORP (CRVL) is negative.