We assign a technical rating of 8 out of 10 to CVBF. Although CVBF is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although CVBF has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
16.05
When analyzing the support we can see 4 important areas.
We found 1 important resistance area.
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 CVBF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVBF is up. |
| ChartMill Relative Strength | 63.93 | NEUTRAL | CVBF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVBF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVBF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVBF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.05 | NEUTRAL | The RSI value for CVBF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests CVBF has a positive trend. |
| Stochastics (14,3) | 89.74 | OVERBOUGHT | The high Stochastics value suggests CVBF may be overbought. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for CVBF suggests some volalility. |
| Average Directional Index/ADX (14) | 17.01 | NEGATIVE | The low ADX value for CVBF suggests a weak or negative trend. |
21.43
+0.46 (+2.19%)
ChartMill assigns a technical rating of 8 / 10 to CVBF.
The current trend direction for CVB FINANCIAL CORP (CVBF) is Bullish.
CVB FINANCIAL CORP (CVBF) has an RSI value of 69.054. This indicates that the stock is currently neutral.
The short term momentum for CVB FINANCIAL CORP (CVBF) is positive.
The buy/sell signal for CVB FINANCIAL CORP (CVBF) is buy as both the short term and long term trends are positive.