CERVOMED INC (CRVO) Stock Technical Analysis
NASDAQ:CRVO - US15713L1098 - Common Stock
9.13 USD
-0.09 (-0.98%)
9.02 USD
-0.11 (-1.2%)
Taking everything into account, CRVO scores 6 out of 10 in our technical rating. CRVO has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
90% of all other stocks performed better in the past year than CRVO.
CRVO is one of the lesser performing stocks in the Biotechnology industry. 61% of 547 stocks in the same industry do better.
In the last month CRVO has a been trading in the 7.87 - 13.13 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long and short term trends are both positive. This is looking good!
CRVO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRVO is lagging the market.
Considerably lower volume is observed in the last couple of days.
CRVO has an average technical rating and the quality of the presented setup is also not ideal 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.
More info and screens
6.49
11.12
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.12 to 9.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.05 from a trend line in the daily time frame.
- Support @6.56 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @9.94 from a trend line in the daily time frame.
- A resistance zone ranging from 10.13 to 10.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.01 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 | UP | POSITIVE | The long term trend for CRVO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRVO is up. |
| ChartMill Relative Strength | 10.77 | NEGATIVE | CRVO has a low relative strength, it was outperformed by 89.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CRVO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CRVO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CRVO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.13 | NEUTRAL | The RSI value for CRVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests CRVO has a negative trend. |
| Stochastics (14,3) | 24.53 | NEUTRAL | The Stochastics value for CRVO is a neutral value. |
| Average True Range in percent/ATR (20) | 10.79 | HIGH VOLATILITY | The high ATR as a percentage value for CRVO suggests high volalility. |
| Average Directional Index/ADX (14) | 46.92 | POSITIVE | The high ADX value value for CRVO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
9.13
-0.09 (-0.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.98%
1 Week-9.78%
2 Weeks-7.31%
1 Month1.67%
3 Month7.79%
6 Month300.44%
12 Month-44.06%
2 Year54.22%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.71
ATR(20)%10.79%
ATR Inc-33.77%
Range Today0.59
ADR(20)0.98
ADR(20)%10.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.77
Mansfield-0.32
10 Day High11.25
10 Day Low8.76
20 Day High13.13
20 Day Low7.87
52 Week High20.63
52 Week Low1.8
CS1 End9.12
CR1 Start9.94
Volume & EV
DER(3)-5.82%
DER(5)-6.94%
Volume178.40K
Volume Incr-82.24%
Vol(5)145.62K
Vol(50)418.55K