CRVS Technical Analysis - CORVUS PHARMACEUTICALS INC

Technical Rating and Analysis

Taking everything into account, CRVS scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, CRVS has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

CRVS is one of the better performing stocks in the Biotechnology industry, it outperforms 76% of 540 stocks in the same industry.

In the last month CRVS has a been trading in the 4.92 - 6.30 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that CRVS is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

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.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

CORVUS PHARMACEUTICALS INC / CRVS Weekly stock chart

CORVUS PHARMACEUTICALS INC / CRVS Daily stock chart

Setup Rating and Analysis

CRVS has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

3.48

6.24

3 important support areas can be observed.

Support @4.57 from a trend line in the daily time frame.
Support @4.42 from a trend line in the daily time frame.
Support @3.52 from a trend line in the weekly time frame.

2 important resistance areas can be observed.

Resistance @6.03 from a horizontal line in the daily time frame.
A resistance zone ranging from 6.17 to 6.18. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The short term trend for CRVS is up.
ChartMill Relative Strength	83.38	POSITIVE	CRVS has a high relative strength, it outperformed 83.38% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CRVS is above the rising 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)	DOWN	MIXED	The current price of CRVS is above a declining SMA(200).
Relative Strength Index/RSI (14)	58.56	NEUTRAL	The RSI value for CRVS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests CRVS has a negative trend.
Stochastics (14,3)	67.52	NEUTRAL	The Stochastics value for CRVS is a neutral value.
Average True Range in percent/ATR (20)	5.88	HIGH VOLATILITY	The high ATR as a percentage value for CRVS suggests high volalility.
Average Directional Index/ADX (14)	49.72	POSITIVE	The high ADX value value for CRVS suggests a strong trend.