CORTEVA INC (CTVA) Stock Technical Analysis
NYSE:CTVA - US22052L1044 - Common Stock
73.94 USD
+0.34 (+0.46%)
74 USD
+0.06 (+0.08%)
Taking everything into account, CTVA scores 8 out of 10 in our technical rating. 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.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, CTVA did better than 77% of all other stocks. We also observe that the gains produced by CTVA over the past year are nicely spread over this period.
CTVA is one of the better performing stocks in the Chemicals industry, it outperforms 78% of 84 stocks in the same industry.
CTVA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CTVA is lagging the market slightly.
In the last month CTVA has a been trading in the 68.70 - 73.96 range, which is quite wide. It is currently trading near the high of this range.
CTVA has an average volume of 4212420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CTVA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 73.90, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
54.66
74.68
We found 3 important support areas.
- A support zone ranging from 70.91 to 73.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @59.31 from a trend line in the weekly time frame.
- A support zone ranging from 55.21 to 55.21. 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 | UP | POSITIVE | The long term trend for CTVA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CTVA is neutral. |
| ChartMill Relative Strength | 77.39 | POSITIVE | CTVA has a high relative strength, it outperformed 77.39% 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) | 59.53 | NEUTRAL | The RSI value for CTVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests CTVA has a positive trend. |
| Stochastics (14,3) | 96.98 | 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) | 18.37 | 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)
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 |
|---|---|---|---|
| 73.97 | 70.82 | 3.15 (4.25%) | 23.52% |
| An entry @73.97. This is a Buy Stop order right above the 10 day high. | An exit @70.82. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.15 points, which is 4.25%. | For a 1.00% total portfolio risk, you can invest 23.52% of your capital in this trade. |
- 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.
73.94
+0.34 (+0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0.46%
1 Week2.13%
2 Weeks4.1%
1 Month1.45%
3 Month4.44%
6 Month17.4%
12 Month29.04%
2 Year46.39%
3 Year20.36%
5 Year158.98%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.26
ATR(20)%1.62%
ATR Inc13.37%
Range Today1.83
ADR(20)1.16
ADR(20)%1.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.39
Mansfield0.6
10 Day High73.96
10 Day Low70.83
20 Day High73.96
20 Day Low68.7
52 Week High77.41
52 Week Low53.4
CS1 End73.9
CR1 StartN/A
Volume & EV
DER(3)0.31%
DER(5)-0.21%
Volume6.80M
Volume Incr-9.31%
Vol(5)3.73M
Vol(50)4.21M