CVB FINANCIAL CORP (CVBF) Stock Technical Analysis
NASDAQ:CVBF - Nasdaq - US1266001056 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to CVBF. Both in the recent history as in the last year, CVBF has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
CVBF is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that CVBF is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
CVBF is part of the Banks industry. There are 394 other stocks in this industry, CVBF did better than 62% of them.
CVBF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CVBF is lagging the market.
Besides having an excellent technical rating, CVBF also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 20.87. Right above this resistance zone may be a good entry point. 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
15.47
21.27
When analyzing the support we can see 5 important areas.
- A support zone ranging from 19.13 to 19.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.15 to 18.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.54 from a trend line in the weekly time frame.
- Support @16.21 from a horizontal line in the weekly time frame.
- Support @15.63 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.87 to 21.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | 80.05 | POSITIVE | CVBF has a high relative strength, it outperformed 80.05% off all stocks 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) | 68.17 | NEUTRAL | The RSI value for CVBF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests CVBF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.26 | OVERBOUGHT | The high Stochastics value suggests CVBF may be overbought. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for CVBF suggests some volalility. |
| Average Directional Index/ADX (14) | 32.71 | POSITIVE | The high ADX value value for CVBF suggests a strong 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 |
|---|---|---|---|
| 21.07 | 19.47 | 1.61 (7.62%) | 13.13% |
| An entry @21.07. This is a Buy Stop order right above the resistance zone. | An exit @19.46. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.61 points, which is 7.62%. | For a 1.00% total portfolio risk, you can invest 13.13% 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.
20.82
-0.03 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.14%
1 Week-0.72%
2 Weeks5.9%
1 Month9.46%
3 Month26.87%
6 Month6.28%
12 Month17.63%
2 Year10.33%
3 Year-21.93%
5 Year15.22%
10 Year17.56%
15 Year104.52%
Volatility
ATR(14)0.49
ATR(20)%2.17%
ATR Inc-22.96%
Range Today0.24
ADR(20)0.44
ADR(20)%2.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.05
Mansfield-0.11
10 Day High21.09
10 Day Low19.48
20 Day High21.09
20 Day Low18.04
52 Week High24.58
52 Week Low16.01
CS1 End19.68
CR1 Start20.87
Volume & EV
DER(3)2.06%
DER(5)2.12%
Volume676.90K
Volume Incr-6.98%
Vol(5)743.04K
Vol(50)714.98K