CRVO Technical Analysis - CERVOMED INC

Technical Rating and Analysis

Taking everything into account, CRVO scores 1 out of 10 in our technical rating. CRVO'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.

When comparing the yearly performance of all stocks, CRVO is a bad performer in the overall market: 89% of all stocks are doing better.

CRVO is part of the Biotechnology industry. There are 540 other stocks in this industry, of which 61% are performing better than CRVO.

In the last month CRVO has a been trading in the 7.76 - 10.89 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 short term trend is negative, the long term trend is neutral. Not much exciting going on here.

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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of CRVO is bad and it also does not present a quality setup 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.00

10.67

When analyzing the support we can see 2 important areas.

A support zone ranging from 7.78 to 7.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @7.07 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 10.34 to 10.56. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for CRVO is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CRVO is down.
ChartMill Relative Strength	11.06	NEGATIVE	CRVO has a low relative strength, it was outperformed by 88.94% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CRVO is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of CRVO is below 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)	37.95	NEUTRAL	The RSI value for CRVO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.29	NEGATIVE	The MACD value suggests CRVO has a negative trend, although the MACD value is rising.
Stochastics (14,3)	4.99	OVERSOLD	The low Stochastics value suggests CRVO may be oversold.
Average True Range in percent/ATR (20)	7.36	HIGH VOLATILITY	The high ATR as a percentage value for CRVO suggests high volalility.
Average Directional Index/ADX (14)	29.21	POSITIVE	The high ADX value value for CRVO suggests a strong trend.