CORTEVA INC (CTVA) Stock Technical Analysis
NYSE:CTVA - New York Stock Exchange, Inc. - US22052L1044 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to CTVA. In the last year, CTVA was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month CTVA has a been trading in the 71.93 - 77.41 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, CTVA did better than 83% of all other stocks. We also observe that the gains produced by CTVA over the past year are nicely spread over this period.
CTVA is part of the Chemicals industry. There are 85 other stocks in this industry. CTVA outperforms 82% of them.
CTVA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CTVA is lagging the market slightly.
CTVA has an average volume of 4051380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although CTVA has an excellent technical rating, it does not offer a high quality setup 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
54.66
72.81
4 important support areas can be observed.
- A support zone ranging from 70.59 to 72.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.31 from a trend line in the weekly time frame.
- Support @56.50 from a horizontal line in the daily time frame.
- A support zone ranging from 55.21 to 55.21. 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 CTVA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CTVA is neutral. |
| ChartMill Relative Strength | 83.88 | POSITIVE | CTVA has a high relative strength, it outperformed 83.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CTVA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTVA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTVA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.9 | NEUTRAL | The RSI value for CTVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests CTVA has a negative trend. |
| Stochastics (14,3) | 6.94 | OVERSOLD | The low Stochastics value suggests CTVA may be oversold. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for CTVA suggests low volalility. |
| Average Directional Index/ADX (14) | 36.26 | POSITIVE | The high ADX value value for CTVA suggests a strong 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)
72.09
-1.02 (-1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.4%
1 Week-5.7%
2 Weeks-3.27%
1 Month-0.47%
3 Month20.67%
6 Month15.68%
12 Month31.6%
2 Year27.75%
3 Year25.27%
5 Year152.42%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.29
ATR(20)%1.81%
ATR Inc2.06%
Range Today1.49
ADR(20)1.24
ADR(20)%1.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.88
Mansfield0.88
10 Day High77.41
10 Day Low71.93
20 Day High77.41
20 Day Low71.93
52 Week High77.41
52 Week Low50.3
CS1 End72.08
CR1 StartN/A
Volume & EV
DER(3)0.16%
DER(5)0.78%
Volume5.72M
Volume Incr3.72%
Vol(5)4.80M
Vol(50)4.05M