Covance Inc. (CVD) Stock Technical Analysis
NYSE:CVD • US2228161004
Taking everything into account, CVD scores 6 out of 10 in our technical rating. 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.
CVD has only a medium technical rating, but it does show a decent setup pattern. 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.
More info and screens
78.96
When analyzing the support we can see 3 important areas.
- 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.
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 CVD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVD is up. |
| ChartMill Relative Strength | 60.23 | NEUTRAL | CVD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CVD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.72 | NEUTRAL | The RSI value for CVD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests CVD has a negative trend. |
| Average True Range in percent/ATR (20) | 0.62 | LOW VOLATILITY | The low ATR as a percentage value for CVD suggests low volalility. |
106.42
-0.71 (-0.66%)
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.