CORVUS PHARMACEUTICALS INC (CRVS) Stock Technical Analysis
NASDAQ:CRVS - Nasdaq - US2210151005 - Common Stock - Currency: USD
Taking everything into account, CRVS scores 5 out of 10 in our technical rating. CRVS has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
CRVS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, CRVS turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
CRVS is an average performer in the Biotechnology industry, it outperforms 60% of 551 stocks in the same industry.
In the last month CRVS has a been trading in the 3.96 - 4.97 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.
Although the technical rating is only medium, CRVS does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 4.18, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.34
4.81
3 important support areas can be observed.
- A support zone ranging from 4.09 to 4.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.75 from a horizontal line in the daily time frame.
- Support @3.37 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @4.43 from a trend line in the daily time frame.
- A resistance zone ranging from 4.65 to 4.76. 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 | NEUTRAL | NEUTRAL | The short term trend for CRVS is neutral. |
| ChartMill Relative Strength | 46.42 | NEUTRAL | CRVS is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of CRVS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.47 | NEUTRAL | The RSI value for CRVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CRVS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.97 | NEUTRAL | The Stochastics value for CRVS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.68 | HIGH VOLATILITY | The high ATR as a percentage value for CRVS suggests high volalility. |
| Average Directional Index/ADX (14) | 19.11 | NEGATIVE | The low ADX value for CRVS suggests a weak or negative 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)
4.31
+0.18 (+4.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.36%
1 Week5.12%
2 Weeks-8.49%
1 Month4.11%
3 Month-2.71%
6 Month-17.27%
12 Month8.56%
2 Year103.3%
3 Year349.66%
5 Year13.72%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%5.68%
ATR Inc52.2%
Range Today0.55
ADR(20)0.24
ADR(20)%5.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.42
Mansfield-2.26
10 Day High4.76
10 Day Low3.96
20 Day High4.97
20 Day Low3.96
52 Week High10
52 Week Low2.54
CS1 End4.18
CR1 Start4.43
Volume & EV
DER(3)-0.72%
DER(5)1.81%
Volume699.50K
Volume Incr3.75%
Vol(5)484.34K
Vol(50)797.49K