CORVUS PHARMACEUTICALS INC (CRVS) Stock Technical Analysis
NASDAQ:CRVS - Nasdaq - US2210151005 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to CRVS. In the past year, CRVS was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CRVS is one of the better performing stocks in the Biotechnology industry, it outperforms 92% of 559 stocks in the same industry.
In the last month CRVS has a been trading in the 3.38 - 4.62 range, which is quite wide. It is currently trading near the high of this range.
CRVS has an average volume of 1114390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CRVS did better than 94% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
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.
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
3.11
4.56
When analyzing the support we can see 4 important areas.
- A support zone ranging from 3.94 to 4.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.84 to 3.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.74 from a horizontal line in the daily time frame.
- Support @3.14 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.44 to 4.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CRVS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRVS is up. |
| ChartMill Relative Strength | 94.39 | POSITIVE | CRVS has a high relative strength, it outperformed 94.39% 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) | UP | MIXED | The current price of CRVS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.68 | NEUTRAL | The RSI value for CRVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CRVS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.61 | NEUTRAL | The Stochastics value for CRVS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.19 | HIGH VOLATILITY | The high ATR as a percentage value for CRVS suggests high volalility. |
| Average Directional Index/ADX (14) | 24.24 | NEUTRAL | The ADX value for CRVS suggests a possible start of a new 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)
4.19
-0.05 (-1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.18%
1 Week7.16%
2 Weeks10.85%
1 Month17.04%
3 Month-7.3%
6 Month-43.22%
12 Month105.39%
2 Year82.97%
3 Year323.19%
5 Year54.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%6.19%
ATR Inc33.52%
Range Today0.29
ADR(20)0.26
ADR(20)%6.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.39
Mansfield-1.63
10 Day High4.62
10 Day Low3.7
20 Day High4.62
20 Day Low3.38
52 Week High10
52 Week Low1.75
CS1 End4
CR1 Start4.44
Volume & EV
DER(3)-0.96%
DER(5)0.05%
Volume765.10K
Volume Incr-16.09%
Vol(5)1.04M
Vol(50)1.11M