Logo image of CVD

Covance Inc. (CVD) Stock Technical Analysis

USA - New York Stock Exchange - NYSE:CVD - US2228161004

106.42
-0.71 (-0.66%)
Last: 2/18/2015, 8:36:05 PM
106.58
+0.16 (+0.15%)
After Hours: 2/18/2015, 8:36:05 PM
Technical Rating and Analysis

6

We assign a technical rating of 6 out of 10 to CVD. Although CVD is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!
A new 52 week high is currently being made by CVD, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
When comparing the performance of all stocks over the past year, CVD turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
In the last month CVD has a been trading in a tight range between 105.57 and 107.39.
Volume is considerably higher in the last couple of days.

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Weekly and Daily overview Charts
Covance Inc. / CVD Weekly stock chart
Covance Inc. / CVD Daily stock chart
Setup Rating and Analysis

5

Although the technical rating is only medium, CVD does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 106.41, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

78.96

108.42

3 important support areas can be observed.

  • A support zone ranging from 103.51 to 106.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @82.67 from a trend line in the weekly time frame.
  • Support @79.76 from a trend line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 106.51 to 107.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for CVD is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for CVD is up.
ChartMill Relative Strength60.23NEUTRALCVD is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of CVD is below a declining SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of CVD is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of CVD is above the rising SMA(200).
Relative Strength Index/RSI (14)53.72NEUTRALThe RSI value for CVD is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.13NEGATIVEThe MACD value suggests CVD has a negative trend.
Average True Range in percent/ATR (20)0.62LOW VOLATILITYThe low ATR as a percentage value for CVD suggests low volalility.
Chart- and CandleStick Pattern Analysis
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)

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Covance Inc. / CVD Daily stock chart

Covance Inc.

NYSE:CVD (2/18/2015, 8:36:05 PM)

After market: 106.58 +0.16 (+0.15%)

106.42

-0.71 (-0.66%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.66%
1 Week-0.05%
2 Weeks-0.28%
1 Month-0.14%
3 Month5.56%
6 Month26.74%
12 Month3.54%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%0.62%
ATR Inc47.79%
Range Today0.97
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
CRS60.23
3 months CRSN/A
6 months CRSN/A
Mansfield0.73
10 Day High107.39
10 Day Low105.82
20 Day High107.39
20 Day Low105.57
52 Week High107.39
52 Week Low73.57
CS1 End106.41
CR1 Start106.51
Volume & EV
DER(3)-2.25%
DER(5)-1.15%
Volume13.92M
Volume Incr420.51%
Vol(5)3.24M
Vol(50)941.83K

Covance Inc. / CVD FAQ

Can you provide the ChartMill technical rating for Covance Inc.?

ChartMill assigns a technical rating of 6 / 10 to CVD.


What is the trend direction for CVD stock?

The current trend direction for Covance Inc. (CVD) is Bullish.


What is the RSI signal for Covance Inc. (CVD) stock?

Covance Inc. (CVD) has an RSI value of 53.7182. This indicates that the stock is currently neutral.


Can you provide the buy/sell signal for Covance Inc.?

The buy/sell signal for Covance Inc. (CVD) is buy as both the short term and long term trends are positive.


What are the support and resistance levels for Covance Inc. (CVD) stock?

Covance Inc. (CVD) has a support level at 106.41 and a resistance level at 106.51. Check the full technical report for our detailed analysis of CVD support and resistance levels.