CORTEVA INC (CTVA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CTVA - US22052L1044 - Common Stock
Taking everything into account, CTVA scores 6 out of 10 in our technical rating. In the past year, CTVA was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, 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 66.99, a Stop Loss order could be placed below this zone.
More info and screens
59.36
We found 4 important support areas.
- A support zone ranging from 66.27 to 66.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 63.03 to 64.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 61.00 to 61.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @59.96 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 70.05 to 70.41. 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 CTVA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTVA is up. |
| ChartMill Relative Strength | 66.16 | NEUTRAL | CTVA is not amongst the best or worst performers 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 | MIXED | The current price of CTVA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.58 | NEUTRAL | The RSI value for CTVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests CTVA has a positive trend. |
| Stochastics (14,3) | 92.83 | OVERBOUGHT | The high Stochastics value suggests CTVA may be overbought. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for CTVA suggests low volalility. |
| Average Directional Index/ADX (14) | 12.58 | NEGATIVE | The low ADX value for CTVA suggests a weak or negative 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 |
|---|---|---|---|
| 67.64 | 66.26 | 1.38 (2.04%) | 25.00% |
| An entry @67.64. This is a Buy Stop order right above the 10 day high. | An exit @66.26. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.38 points, which is 2.04%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.51%. |
- 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.
67.44
+0.11 (+0.16%)
CORTEVA INC / CTVA FAQ
Can you provide the ChartMill technical rating for CORTEVA INC?
ChartMill assigns a technical rating of 6 / 10 to CTVA.
What is the current trend direction of CORTEVA INC (CTVA) stock?
The current trend direction for CORTEVA INC (CTVA) is Bearish.
Can you provide the RSI signal for CORTEVA INC?
CORTEVA INC (CTVA) has an RSI value of 59.5793. This indicates that the stock is currently neutral.
What is the short term momentum for CORTEVA INC (CTVA) stock?
The short term momentum for CORTEVA INC (CTVA) is positive.