CORTEVA INC (CTVA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CTVA - US22052L1044 - Common Stock
66.54 USD
-0.93 (-1.38%)
66.54 USD
0 (0%)
Taking everything into account, CTVA scores 4 out of 10 in our technical rating. CTVA has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
CTVA is one of the better performing stocks in the Chemicals industry, it outperforms 81% of 81 stocks in the same industry.
In the last month CTVA has a been trading in the 60.53 - 67.84 range, which is quite wide. It is currently trading near the high of this range.
CTVA has an average volume of 4484910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, CTVA outperforms 56% of them, which is more or less in line with the market.
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.
CTVA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 66.32, a Stop Loss order could be placed below this zone.
More info and screens
54.66
77.89
4 important support areas can be observed.
- A support zone ranging from 64.48 to 66.32. 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 62.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @59.63 from a trend line in the weekly time frame.
- Support @55.21 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @67.47 from a horizontal line in the daily time frame.
- A resistance zone ranging from 70.89 to 71.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 73.90 to 74.29. 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 | 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 | 56.62 | 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 | MIXED | The current price of CTVA is above 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) | 57.7 | NEUTRAL | The RSI value for CTVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests CTVA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.05 | OVERBOUGHT | The high Stochastics value suggests CTVA may be overbought. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for CTVA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.68 | NEGATIVE | The low ADX value for CTVA suggests a weak or negative 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)
66.54
-0.93 (-1.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.38%
1 Week1.53%
2 Weeks0.82%
1 Month8.3%
3 Month-7.97%
6 Month-7.12%
12 Month11.85%
2 Year38.86%
3 Year13.2%
5 Year71.85%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.37
ATR(20)%2.2%
ATR Inc-17.2%
Range Today1.32
ADR(20)1.42
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.62
3 months CRS24.43
6 months CRS22.45
Mansfield-0.92
10 Day High67.84
10 Day Low63.56
20 Day High67.84
20 Day Low60.54
52 Week High77.41
52 Week Low53.4
CS1 End66.32
CR1 Start67.47
Volume & EV
DER(3)-2.14%
DER(5)-1.37%
Volume3.50M
Volume Incr-29.91%
Vol(5)3.02M
Vol(50)4.48M
CORTEVA INC / CTVA FAQ
Can you provide the ChartMill technical rating for CORTEVA INC?
ChartMill assigns a technical rating of 4 / 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 57.7004. 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.