CORTEVA INC (CTVA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CTVA - US22052L1044 - Common Stock
Taking everything into account, CTVA scores 7 out of 10 in our technical rating. In the last year, CTVA was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The long and short term trends are both positive. This is looking good!
- CTVA is part of the Chemicals industry. There are 82 other stocks in this industry. CTVA outperforms 76% of them.
- CTVA has an average volume of 3577080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, CTVA did better than 70% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- CTVA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CTVA is lagging the market.
- In the last month CTVA has a been trading in the 66.15 - 70.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CTVA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. 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
59.80
When analyzing the support we can see 3 important areas.
- A support zone ranging from 66.69 to 68.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @64.20 from a trend line in the weekly time frame.
- A support zone ranging from 60.40 to 62.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 69.18 to 69.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | UP | POSITIVE | The short term trend for CTVA is up. |
| ChartMill Relative Strength | 70.18 | POSITIVE | CTVA has a high relative strength, it outperformed 70.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTVA is above the rising 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) | 55.02 | NEUTRAL | The RSI value for CTVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CTVA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.79 | NEUTRAL | The Stochastics value for CTVA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for CTVA suggests low volalility. |
| Average Directional Index/ADX (14) | 21.98 | NEUTRAL | The ADX value for CTVA 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 |
|---|---|---|---|
| 69.31 | 67.25 | 2.06 (2.97%) | 25.00% |
| An entry @69.31. This is a Buy Stop order right above the resistance zone. | An exit @67.25. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.06 points, which is 2.97%. | For a 0.74% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CTVA. Please evaluate whether better entry and exit points can be found.
- 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.
68.9
-0.74 (-1.06%)
CORTEVA INC / CTVA FAQ
What is the ChartMill technical rating of CORTEVA INC (CTVA) stock?
ChartMill assigns a technical rating of 7 / 10 to CTVA.
What is the trend direction for CTVA stock?
The current trend direction for CORTEVA INC (CTVA) is Bullish.
What is the RSI signal for CORTEVA INC (CTVA) stock?
CORTEVA INC (CTVA) has an RSI value of 55.0242. This indicates that the stock is currently neutral.
What is the short term momentum for CTVA stock?
The short term momentum for CORTEVA INC (CTVA) is positive.
Can you provide the support and resistance levels for CORTEVA INC?
CORTEVA INC (CTVA) has a support level at 68.3 and a resistance level at 69.18. Check the full technical report for our detailed analysis of CTVA support and resistance levels.