CORTEVA INC (CTVA) Stock Technical Analysis
USA - NYSE:CTVA - US22052L1044 - Common Stock
69.75 USD
-1.11 (-1.57%)
70.0902 USD
+0.34 (+0.49%)
Overall CTVA gets a technical rating of 2 out of 10. In the last year, CTVA was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
In the last month CTVA has a been trading in the 69.28 - 75.91 range, which is quite wide. It is currently trading near the lows of this range.
CTVA has an average volume of 4165370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
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 55% of all stocks.
CTVA is an average performer in the Chemicals industry, it outperforms 69% of 83 stocks in the same industry.
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.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, CTVA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 69.74, 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 69.74 to 69.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @59.98 from a trend line in the weekly time frame.
- Support @56.16 from a horizontal line in the daily time frame.
- Support @55.21 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 71.34 to 72.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @73.90 from a horizontal line in the daily time frame.
- A resistance zone ranging from 77.12 to 77.12. 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 | DOWN | NEGATIVE | The short term trend for CTVA is down. |
| ChartMill Relative Strength | 55.77 | NEUTRAL | CTVA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CTVA is below a declining 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) | UP | POSITIVE | The current price of CTVA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.19 | NEUTRAL | The RSI value for CTVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests CTVA has a negative trend. |
| Stochastics (14,3) | 17.24 | OVERSOLD | The low Stochastics value suggests CTVA may be oversold. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for CTVA suggests some volalility. |
| Average Directional Index/ADX (14) | 11.59 | 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)
69.75
-1.11 (-1.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.57%
1 Week-0.46%
2 Weeks-2.75%
1 Month-4.93%
3 Month-6.24%
6 Month14.23%
12 Month19.07%
2 Year36.34%
3 Year22.05%
5 Year142.1%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.62
ATR(20)%2.17%
ATR Inc-45.46%
Range Today0.74
ADR(20)1.46
ADR(20)%2.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.77
Mansfield-0.38
10 Day High75.91
10 Day Low69.28
20 Day High75.91
20 Day Low69.28
52 Week High77.41
52 Week Low53.4
CS1 End69.74
CR1 Start71.34
Volume & EV
DER(3)2.04%
DER(5)2.49%
Volume2.83M
Volume Incr51.42%
Vol(5)5.83M
Vol(50)4.17M