CERVOMED INC (CRVO) Stock Technical Analysis
USA - NASDAQ:CRVO - US15713L1098 - Common Stock
8.9 USD
+0.37 (+4.34%)
9.3 USD
+0.4 (+4.49%)
Taking everything into account, CRVO scores 3 out of 10 in our technical rating. In the last year, CRVO was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, CRVO is a bad performer in the overall market: 76% of all stocks are doing better.
In the last month CRVO has a been trading in the 7.72 - 9.69 range, which is quite wide. It is currently trading near the high of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
CRVO is an average performer in the Biotechnology industry, it outperforms 42% of 536 stocks in the same industry.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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.
More info and screens
7.39
10.67
3 important support areas can be observed.
- A support zone ranging from 8.31 to 8.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.78 to 7.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.46 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 8.91 to 8.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.50 from a trend line in the weekly time frame.
- A resistance zone ranging from 9.89 to 9.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.56 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 | NEUTRAL | NEUTRAL | The short term trend for CRVO is neutral. |
| ChartMill Relative Strength | 24.19 | NEGATIVE | CRVO has a low relative strength, it was outperformed by 75.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CRVO is above 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) | UP | POSITIVE | The current price of CRVO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.36 | NEUTRAL | The RSI value for CRVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests CRVO has a positive trend. |
| Stochastics (14,3) | 67.38 | NEUTRAL | The Stochastics value for CRVO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.71 | HIGH VOLATILITY | The high ATR as a percentage value for CRVO suggests high volalility. |
| Average Directional Index/ADX (14) | 19.41 | 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)
8.9
+0.37 (+4.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.34%
1 Week10.83%
2 Weeks9.74%
1 Month-6.51%
3 Month24.48%
6 Month4.77%
12 Month-34.07%
2 Year2.89%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%5.71%
ATR Inc78.1%
Range Today1.02
ADR(20)0.5
ADR(20)%5.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.19
Mansfield0.42
10 Day High9.66
10 Day Low7.72
20 Day High9.69
20 Day Low7.72
52 Week High16.94
52 Week Low1.8
CS1 End8.37
CR1 Start8.91
Volume & EV
DER(3)0.45%
DER(5)0.73%
Volume487.50K
Volume Incr84%
Vol(5)178.22K
Vol(50)135.30K