CORTEVA INC (CTVA) Stock Technical Analysis
NYSE:CTVA • US22052L1044
We assign a technical rating of 10 out of 10 to CTVA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CTVA is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that CTVA is one of the better performing stocks in the market, outperforming 80% of all stocks.
- CTVA is part of the Chemicals industry. There are 83 other stocks in this industry. CTVA outperforms 73% of them.
- CTVA is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CTVA has a been trading in the 71.84 - 80.22 range, which is quite wide. It is currently trading near the high of this range.
- CTVA has an average volume of 3857620 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 present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
60.34
4 important support areas can be observed.
- A support zone ranging from 75.50 to 75.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 71.64 to 73.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @65.21 from a trend line in the weekly time frame.
- Support @60.95 from a trend line in the weekly 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 | 80.59 | POSITIVE | CTVA has a high relative strength, it outperformed 80.59% 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) | 74.18 | OVERBOUGHT | The high RSI value suggests CTVA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests CTVA has a positive trend. |
| Stochastics (14,3) | 94.99 | OVERBOUGHT | The high Stochastics value suggests CTVA may be overbought. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for CTVA suggests some volalility. |
| Average Directional Index/ADX (14) | 44.78 | POSITIVE | The high ADX value value for CTVA suggests a strong trend. |
80.12
+1.3 (+1.65%)
CORTEVA INC / CTVA FAQ
What is the ChartMill technical rating of CORTEVA INC (CTVA) stock?
ChartMill assigns a technical rating of 10 / 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 74.1788. This indicates that the stock is currently overbought.
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 75.87. Check the full technical report for our detailed analysis of CTVA support and resistance levels.