CORVUS PHARMACEUTICALS INC (CRVS) Technical Analysis
NASDAQ:CRVS • US2210151005
Taking everything into account, CRVS scores 8 out of 10 in our technical rating. In the last year, CRVS was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month CRVS has a been trading in the 15.38 - 19.98 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, CRVS did better than 98% of all other stocks. We also observe that the gains produced by CRVS over the past year are nicely spread over this period.
- CRVS is part of the Biotechnology industry. There are 519 other stocks in this industry. CRVS outperforms 92% of them.
- CRVS has an average volume of 3882330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- CRVS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRVS is lagging the market.
- Considerably lower volume is observed in the last couple of days.
Although CRVS has an excellent technical rating, it does not present a decent entry opportunity 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
15.63
We found 1 important support area.
- A support zone ranging from 15.79 to 15.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @18.26 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 | UP | POSITIVE | The long term trend for CRVS is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CRVS is down. |
| ChartMill Relative Strength | 98.69 | POSITIVE | CRVS has a high relative strength, it outperformed 98.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CRVS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CRVS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CRVS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.13 | NEUTRAL | The RSI value for CRVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests CRVS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.13 | NEUTRAL | The Stochastics value for CRVS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.48 | HIGH VOLATILITY | The high ATR as a percentage value for CRVS suggests high volalility. |
| Average Directional Index/ADX (14) | 15.83 | NEGATIVE | The low ADX value for CRVS suggests a weak or negative trend. |
CRVS Technicals: Chart, Performance Metrics, Trend & Indicators
16.9
+0.12 (+0.72%)
CORVUS PHARMACEUTICALS INC / CRVS FAQ
What is the technical rating for CRVS stock?
ChartMill assigns a technical rating of 8 / 10 to CRVS.
Can you provide the trend direction for CORVUS PHARMACEUTICALS INC?
The current trend direction for CORVUS PHARMACEUTICALS INC (CRVS) is Bullish.
Can you provide the RSI signal for CORVUS PHARMACEUTICALS INC?
CORVUS PHARMACEUTICALS INC (CRVS) has an RSI value of 48.1329. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CORVUS PHARMACEUTICALS INC?
The MACD indicator for CORVUS PHARMACEUTICALS INC (CRVS) has a value of -0.33361, indicating a bearish trend.
Can you provide the buy/sell signal for CORVUS PHARMACEUTICALS INC?
The buy/sell signal for CORVUS PHARMACEUTICALS INC (CRVS) is hold as the short term and long term trends are mixed.