CERVOMED INC (CRVO) Technical Analysis
NASDAQ:CRVO • US15713L1098
Current stock price
CRVO Technical Rating and Analysis
Overall CRVO gets a technical rating of 0 out of 10. CRVO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 95% of all other stocks performed better in the past year than CRVO.
- CRVO is one of the lesser performing stocks in the Biotechnology industry. 83% of 517 stocks in the same industry do better.
- CRVO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index 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 3.51 - 4.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
CRVO Weekly and Daily overview Charts
CRVO Setup Rating and Analysis
Although the technical rating is bad, CRVO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.15. Right above this resistance zone may be a good entry point.
More info and screens
CRVO Support and Resistance Analysis
3.67
When analyzing the support we notice one important area.
- Support @3.71 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 4.15 to 4.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.40 from a trend line in the weekly time frame.
- Resistance @7.64 from a trend line in the weekly time frame.
- Resistance @10.05 from a horizontal line in the daily time frame.
CRVO 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 | DOWN | NEGATIVE | The long term trend for CRVO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CRVO is down. |
| ChartMill Relative Strength | 5.09 | NEGATIVE | CRVO has a low relative strength, it was outperformed by 94.91% 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) | 46.11 | NEUTRAL | The RSI value for CRVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CRVO has a positive trend. |
| Stochastics (14,3) | 48.38 | NEUTRAL | The Stochastics value for CRVO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.68 | HIGH VOLATILITY | The high ATR as a percentage value for CRVO suggests high volalility. |
| Average Directional Index/ADX (14) | 13.85 | NEGATIVE | The low ADX value for CRVO suggests a weak or negative trend. |
CRVO Chart- and CandleStick Pattern Analysis
CRVO Technicals: Chart, Performance Metrics, Trend & Indicators
4.03
-0.01 (-0.25%)
CERVOMED INC / CRVO TA FAQ
What is the technical rating for CRVO stock?
ChartMill assigns a technical rating of 0 / 10 to CRVO.
Can you provide the trend direction for CERVOMED INC?
The current trend direction for CERVOMED INC (CRVO) is Bearish.
What is the RSI signal for CERVOMED INC (CRVO) stock?
CERVOMED INC (CRVO) has an RSI value of 46.1057. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for CERVOMED INC?
The buy/sell signal for CERVOMED INC (CRVO) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for CERVOMED INC?
CERVOMED INC (CRVO) has a support level at 3.71 and a resistance level at 4.15. Check the full technical report for our detailed analysis of CRVO support and resistance levels.