We assign a technical rating of 1 out of 10 to CRVL. CRVL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 87% of all other stocks performed better in the past year than CRVL.
- CRVL is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry, of which 70% are performing better than CRVL.
- CRVL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month CRVL has a been trading in the 65.47 - 72.68 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 has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 70.58. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for CRVL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
65.08
We found 2 important support areas.
- Support @67.07 from a horizontal line in the daily time frame.
- A support zone ranging from 65.74 to 65.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 70.58 to 71.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 76.37 to 77.55. 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 | 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 | 13.46 | NEGATIVE | CRVL has a low relative strength, it was outperformed by 86.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRVL is above the rising 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) | 50.53 | NEUTRAL | The RSI value for CRVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests CRVL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.71 | NEUTRAL | The Stochastics value for CRVL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for CRVL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.89 | NEGATIVE | The low ADX value for CRVL suggests a weak or negative trend. |
69.88
-1.17 (-1.65%)
CORVEL CORP / CRVL FAQ
What is the ChartMill technical rating of CORVEL CORP (CRVL) stock?
ChartMill assigns a technical rating of 1 / 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 CRVL stock?
CORVEL CORP (CRVL) has an RSI value of 50.532. This indicates that the stock is currently neutral.
What is the MACD signal for CRVL stock?
The MACD indicator for CORVEL CORP (CRVL) has a value of 0.253849, indicating a bearish trend.
Can you provide the short term momentum for CORVEL CORP?
The short term momentum for CORVEL CORP (CRVL) is neutral.