CORVEL CORP (CRVL) Stock Technical Analysis
USA - NASDAQ:CRVL - US2210061097 - Common Stock
Taking everything into account, CRVL scores 0 out of 10 in our technical rating. 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.
CRVL has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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69.87
When analyzing the support we can see 2 important areas.
- A support zone ranging from 73.41 to 75.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 75.64 to 76.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @79.05 from a trend line in the daily time frame.
- Resistance @105.19 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 | NEUTRAL | NEUTRAL | The short term trend for CRVL is neutral. |
| ChartMill Relative Strength | 12.05 | NEGATIVE | CRVL has a low relative strength, it was outperformed by 87.95% 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) | 47.8 | NEUTRAL | The RSI value for CRVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.88 | POSITIVE | The MACD value suggests CRVL has a positive trend. |
| Stochastics (14,3) | 78.74 | NEUTRAL | The Stochastics value for CRVL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for CRVL suggests some volalility. |
| Average Directional Index/ADX (14) | 27.46 | POSITIVE | The high ADX value value for CRVL suggests a strong trend. |
75.63
+0.57 (+0.76%)
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 47.8028. This indicates that the stock is currently neutral.
What are the support and resistance levels for CORVEL CORP (CRVL) stock?
CORVEL CORP (CRVL) has a support level at 75.02 and a resistance level at 75.64. Check the full technical report for our detailed analysis of CRVL support and resistance levels.