CORTEVA INC (CTVA) Stock Technical Analysis
USA - NYSE:CTVA - US22052L1044 - Common Stock
64.15 USD
+1 (+1.58%)
64.71 USD
+0.56 (+0.87%)
Taking everything into account, CTVA scores 2 out of 10 in our technical rating. CTVA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
CTVA is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
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 4833190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, CTVA turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
CTVA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CTVA is lagging the market slightly.
Although the technical rating is bad, CTVA does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 64.16. Right above this resistance zone may be a good entry point.
More info and screens
54.66
77.89
We found 2 important support areas.
- A support zone ranging from 60.80 to 61.66. 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.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 64.16 to 64.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 72.03 to 72.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @73.90 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for CTVA is neutral. |
| ChartMill Relative Strength | 44.05 | 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) | DOWN | NEGATIVE | The current price of CTVA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CTVA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.66 | NEUTRAL | The RSI value for CTVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests CTVA has a positive trend. |
| Stochastics (14,3) | 72.68 | NEUTRAL | The Stochastics value for CTVA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for CTVA suggests low volalility. |
| Average Directional Index/ADX (14) | 27.55 | 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)
64.15
+1 (+1.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg1.58%
1 Week4.41%
2 Weeks0.77%
1 Month3.75%
3 Month-9.53%
6 Month-5.37%
12 Month9.98%
2 Year41.92%
3 Year-4.48%
5 Year67.41%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.22
ATR(20)%1.83%
ATR Inc15.66%
Range Today1.52
ADR(20)1.05
ADR(20)%1.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.05
3 months CRS18.07
6 months CRS20.66
Mansfield-1.13
10 Day High64.83
10 Day Low60.54
20 Day High64.83
20 Day Low60.54
52 Week High77.41
52 Week Low53.4
CS1 End61.66
CR1 Start64.16
Volume & EV
DER(3)0.37%
DER(5)0.64%
Volume3.69M
Volume Incr26.34%
Vol(5)5.41M
Vol(50)4.83M
CORTEVA INC / CTVA FAQ
Can you provide the ChartMill technical rating for CORTEVA INC?
ChartMill assigns a technical rating of 2 / 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 51.6563. 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 neutral.