CERVOMED INC (CRVO) Stock Technical Analysis
NASDAQ:CRVO - Nasdaq - US15713L1098 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to CRVO. CRVO performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
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 currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CRVO is lagging the market.
In the last month CRVO has a been trading in the 7.00 - 8.98 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 term trend is neutral, but the short term trend is negative. Better to stay away from this!
CRVO is part of the Biotechnology industry. There are 559 other stocks in this industry, CRVO did better than 46% of them.
Considerably lower volume is observed in the last couple of days.
CRVO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 7.11, a Stop Loss order could be placed below this zone.
More info and screens
7.04
14.44
When analyzing the support we notice one important area.
- A support zone ranging from 7.11 to 7.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 7.61 to 7.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.62 from a trend line in the weekly time frame.
- Resistance @12.50 from a trend line in the weekly time frame.
- Resistance @12.84 from a trend line in the daily time frame.
- Resistance @14.30 from a horizontal line 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 | 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 | 11.56 | NEGATIVE | CRVO has a low relative strength, it was outperformed by 88.44% 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) | DOWN | NEGATIVE | The current price of CRVO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CRVO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.59 | NEUTRAL | The RSI value for CRVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CRVO has a negative trend. |
| Stochastics (14,3) | 24.81 | NEUTRAL | The Stochastics value for CRVO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.76 | HIGH VOLATILITY | The high ATR as a percentage value for CRVO suggests high volalility. |
| Average Directional Index/ADX (14) | 13.27 | NEGATIVE | The low ADX value for CRVO suggests a weak or negative 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)
7.12
-0.5 (-6.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-6.56%
1 Week-6.56%
2 Weeks-1.39%
1 Month-17.59%
3 Month10.56%
6 Month274.74%
12 Month-62.55%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.63
ATR(20)%7.76%
ATR Inc-10.17%
Range Today0.62
ADR(20)0.55
ADR(20)%7.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.56
Mansfield-3.23
10 Day High8.6
10 Day Low7
20 Day High8.98
20 Day Low7
52 Week High22.57
52 Week Low1.8
CS1 End7.11
CR1 Start7.61
Volume & EV
DER(3)-3.24%
DER(5)-3.55%
Volume143.14K
Volume Incr-42.18%
Vol(5)102.52K
Vol(50)337.25K