CORVUS PHARMACEUTICALS INC (CRVS) Technical Analysis
NASDAQ:CRVS • US2210151005
Current stock price
CRVS Technical Rating and Analysis
Taking everything into account, CRVS scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- When comparing the yearly performance of all stocks, we notice that CRVS is one of the better performing stocks in the market, outperforming 99% of all 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 517 other stocks in this industry. CRVS outperforms 95% of them.
- CRVS has an average volume of 1912550 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 trading in the upper part of its 52 week range, so CRVS is lagging the market slightly.
- In the last month CRVS has a been trading in the 12.95 - 17.07 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.
CRVS Weekly and Daily overview Charts
CRVS Setup Rating and Analysis
Although the technical rating is only medium, CRVS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 14.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.32, a Stop Loss order could be placed below this zone.
More info and screens
CRVS Support and Resistance Analysis
7.59
We found 3 important support areas.
- A support zone ranging from 13.14 to 13.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.97 from a trend line in the weekly time frame.
- Support @7.67 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.70 to 14.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
CRVS 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 | 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 | 99.11 | POSITIVE | CRVS has a high relative strength, it outperformed 99.11% 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) | DOWN | NEGATIVE | The current price of CRVS is below a declining 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) | 46.65 | NEUTRAL | The RSI value for CRVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CRVS has a positive trend. |
| Stochastics (14,3) | 48.63 | NEUTRAL | The Stochastics value for CRVS is a neutral value. |
| Average True Range in percent/ATR (20) | 7.07 | HIGH VOLATILITY | The high ATR as a percentage value for CRVS suggests high volalility. |
| Average Directional Index/ADX (14) | 24.98 | NEUTRAL | The ADX value for CRVS suggests a possible start of a new trend. |
CRVS Chart- and CandleStick Pattern Analysis
CRVS Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.80 | 13.13 | 1.67 (11.28%) | 8.86% |
| An entry @14.80. This is a Buy Stop order right above the resistance zone. | An exit @13.13. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.67 points, which is 11.28%. | When investing 8.86% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CRVS Technicals: Chart, Performance Metrics, Trend & Indicators
14.69
+0.26 (+1.8%)
CORVUS PHARMACEUTICALS INC / CRVS TA FAQ
What is the technical rating for CRVS stock?
ChartMill assigns a technical rating of 6 / 10 to CRVS.
What is the current trend direction of CORVUS PHARMACEUTICALS INC (CRVS) stock?
The current trend direction for CORVUS PHARMACEUTICALS INC (CRVS) is Bullish.
What is the RSI signal for CRVS stock?
CORVUS PHARMACEUTICALS INC (CRVS) has an RSI value of 46.6497. This indicates that the stock is currently neutral.
What is the short term momentum for CORVUS PHARMACEUTICALS INC (CRVS) stock?
The short term momentum for CORVUS PHARMACEUTICALS INC (CRVS) is negative.
What is the support and resistance level for CRVS stock?
CORVUS PHARMACEUTICALS INC (CRVS) has a support level at 13.32 and a resistance level at 14.7. Check the full technical report for our detailed analysis of CRVS support and resistance levels.