CORTEVA INC (CTVA) Stock Technical Analysis
USA - NYSE:CTVA - US22052L1044 - Common Stock
61.4 USD
+0.4 (+0.66%)
61.4 USD
0 (0%)
We assign a technical rating of 0 out of 10 to CTVA. CTVA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, CTVA is a bad performer in the overall market: 75% of all stocks are doing better.
In the last month CTVA has a been trading in the 60.70 - 70.56 range, which is quite wide. It is currently trading near the lows of this range.
CTVA has an average volume of 4682030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CTVA is part of the Chemicals industry. There are 83 other stocks in this industry, CTVA did better than 58% of them.
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.
Although the technical rating is bad, CTVA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 61.39, a Stop Loss order could be placed below this zone.
More info and screens
54.66
77.89
When analyzing the support we can see 2 important areas.
- A support zone ranging from 60.32 to 61.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @55.21 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 64.75 to 65.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 72.88 to 73.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @77.12 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for CTVA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CTVA is down. |
| ChartMill Relative Strength | 25.4 | NEGATIVE | CTVA has a low relative strength, it was outperformed by 74.6% 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) | DOWN | NEGATIVE | The current price of CTVA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CTVA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.33 | NEUTRAL | The RSI value for CTVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests CTVA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.48 | OVERSOLD | The low Stochastics value suggests CTVA may be oversold. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for CTVA suggests some volalility. |
| Average Directional Index/ADX (14) | 37.42 | 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)
61.4
+0.4 (+0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.66%
1 Week-0.7%
2 Weeks-3.11%
1 Month-13.35%
3 Month-15.95%
6 Month2.78%
12 Month3.35%
2 Year27.54%
3 Year-6.03%
5 Year86.17%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.81
ATR(20)%2.83%
ATR Inc-34%
Range Today1.09
ADR(20)1.65
ADR(20)%2.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.4
Mansfield-1.47
10 Day High65.61
10 Day Low60.95
20 Day High70.56
20 Day Low60.71
52 Week High77.41
52 Week Low53.4
CS1 End61.39
CR1 Start64.75
Volume & EV
DER(3)-1.44%
DER(5)0.11%
Volume7.51M
Volume Incr-25.14%
Vol(5)4.36M
Vol(50)4.68M