We assign a technical rating of 8 out of 10 to CRVS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CRVS is showing a nice and steady performance.
CRVS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 9.09. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for CRVS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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5.51
When analyzing the support we can see 3 important areas.
- Support @8.33 from a trend line in the daily time frame.
- Support @8.04 from a horizontal line in the daily time frame.
- Support @5.57 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.09 to 9.18. 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 | UP | POSITIVE | The long term trend for CRVS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CRVS is neutral. |
| ChartMill Relative Strength | 88.7 | POSITIVE | CRVS has a high relative strength, it outperformed 88.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CRVS is below 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 | POSITIVE | The current price of CRVS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.91 | NEUTRAL | The RSI value for CRVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests CRVS has a negative trend. |
| Stochastics (14,3) | 34.61 | NEUTRAL | The Stochastics value for CRVS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.69 | HIGH VOLATILITY | The high ATR as a percentage value for CRVS suggests high volalility. |
| Average Directional Index/ADX (14) | 22.32 | NEUTRAL | The ADX value for CRVS suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 9.19 | 8.32 | 0.87 (9.47%) | 10.56% |
| An entry @9.19. This is a Buy Stop order right above the resistance zone. | An exit @8.32. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.87 points, which is 9.47%. | When investing 10.56% 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.
8.49
-0.18 (-2.08%)
CORVUS PHARMACEUTICALS INC / CRVS FAQ
What is the technical rating for CRVS stock?
ChartMill assigns a technical rating of 8 / 10 to CRVS.
What is the trend direction for CRVS stock?
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 51.9055. This indicates that the stock is currently neutral.
What is the MACD signal for CORVUS PHARMACEUTICALS INC (CRVS) stock?
The MACD indicator for CORVUS PHARMACEUTICALS INC (CRVS) has a value of -0.0725647, indicating a bearish trend.
What is the short term momentum for CRVS stock?
The short term momentum for CORVUS PHARMACEUTICALS INC (CRVS) is neutral.