Covanta Holding Corporation (CVA) Stock Technical Analysis
NYSE:CVA - New York Stock Exchange, Inc. - Common Stock
Overall CVA gets a technical rating of 9 out of 10. 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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that CVA is one of the better performing stocks in the market, outperforming 85% of all stocks.
CVA is one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 81% of 83 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 has an excellent technical rating, but the quality of the setup is only medium 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
19.62
20.47
When analyzing the support we notice one important 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.
We found 1 important resistance 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.
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. |
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)
20.26
+0.02 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg0.1%
1 Week0.15%
2 Weeks0.15%
1 Month0.4%
3 Month0.95%
6 Month35.97%
12 Month53.25%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.12%
ATR Inc32.07%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.6
Mansfield0.87
10 Day High20.26
10 Day Low20.22
20 Day High20.26
20 Day Low20.13
52 Week High20.26
52 Week Low12.48
CS1 End20.24
CR1 Start20.27
Volume & EV
DER(3)-1.33%
DER(5)-1.79%
Volume6.69M
Volume Incr171.64%
Vol(5)2.45M
Vol(50)1.07M