Covanta Holding Corporation (CVA) Technical Analysis
NYSE:CVA
Current stock price
CVA Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to CVA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CVA is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, CVA did better than 85% of all other stocks.
- CVA is one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 85% of 79 stocks in the same industry.
- CVA is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- CVA has an average volume of 1065690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CVA has a been trading in a tight range between 20.13 and 20.26.
- Volume is considerably higher in the last couple of days.
CVA Weekly and Daily overview Charts
CVA Setup Rating and Analysis
Although CVA has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
CVA Support and Resistance Analysis
19.62
We found 1 important support area.
- A support zone ranging from 19.82 to 20.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.27 to 20.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
CVA Technical Indicator Signal Analysis
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 CVA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVA is up. |
| ChartMill Relative Strength | 85.6 | POSITIVE | CVA has a high relative strength, it outperformed 85.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.17 | NEUTRAL | The RSI value for CVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CVA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 93.33 | OVERBOUGHT | The high Stochastics value suggests CVA may be overbought. |
| Average True Range in percent/ATR (20) | 0.12 | LOW VOLATILITY | The low ATR as a percentage value for CVA suggests low volalility. |
CVA Chart- and CandleStick Pattern Analysis
CVA Technicals: Chart, Performance Metrics, Trend & Indicators
20.26
+0.02 (+0.1%)
Covanta Holding Corporation / CVA TA FAQ
What is the technical rating for CVA stock?
ChartMill assigns a technical rating of 8 / 10 to CVA.
Can you provide the trend direction for Covanta Holding Corporation?
The current trend direction for Covanta Holding Corporation (CVA) is Bullish.
Can you provide the RSI signal for Covanta Holding Corporation?
Covanta Holding Corporation (CVA) has an RSI value of 63.1701. This indicates that the stock is currently neutral.
What is the buy/sell signal for CVA stock?
The buy/sell signal for Covanta Holding Corporation (CVA) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for Covanta Holding Corporation?
Covanta Holding Corporation (CVA) has a support level at 20.24 and a resistance level at 20.27. Check the full technical report for our detailed analysis of CVA support and resistance levels.