CIVEO CORP (CVEO) Stock Technical Analysis
NYSE:CVEO - New York Stock Exchange, Inc. - CA17878Y2078 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to CVEO. In the last year, CVEO was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long and short term trends are both positive. This is looking good!
In the last month CVEO has a been trading in the 21.58 - 24.94 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, CVEO turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
CVEO is an average performer in the Commercial Services & Supplies industry, it outperforms 65% of 83 stocks in the same industry.
CVEO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CVEO is lagging the market.
Besides having an excellent technical rating, CVEO also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. Another positive sign is the recent Pocket Pivot signal.
- 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
19.10
26.46
4 important support areas can be observed.
- A support zone ranging from 23.48 to 23.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 22.24 to 22.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.79 from a horizontal line in the daily time frame.
- Support @19.29 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 24.23 to 24.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.70 from a horizontal line in the daily time frame.
- A resistance zone ranging from 26.09 to 26.20. 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 CVEO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVEO is up. |
| ChartMill Relative Strength | 59.86 | NEUTRAL | CVEO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVEO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVEO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CVEO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.76 | NEUTRAL | The RSI value for CVEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CVEO has a negative trend. |
| Stochastics (14,3) | 71.96 | NEUTRAL | The Stochastics value for CVEO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for CVEO suggests some volalility. |
| Average Directional Index/ADX (14) | 33.17 | POSITIVE | The high ADX value value for CVEO 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 |
|---|---|---|---|
| 24.24 | 23.61 | 0.63 (2.60%) | 25.00% |
| An entry @24.24. This is a Buy Stop order right above the resistance zone. | An exit @23.61. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.63 points, which is 2.60%. | For a 0.65% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CVEO. Please evaluate whether better entry and exit points can be found.
- 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.
24.12
-0.11 (-0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-0.45%
1 Week-1.35%
2 Weeks2.25%
1 Month8.45%
3 Month19.76%
6 Month-0.9%
12 Month-3.21%
2 Year23.44%
3 Year-18.71%
5 Year142.17%
10 Year-6.07%
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%2.69%
ATR Inc3.98%
Range Today0.57
ADR(20)0.64
ADR(20)%2.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.86
Mansfield-0.74
10 Day High24.94
10 Day Low23.62
20 Day High24.94
20 Day Low21.58
52 Week High28.92
52 Week Low18.01
CS1 End23.62
CR1 Start24.23
Volume & EV
DER(3)-0.6%
DER(5)-0.95%
Volume38.10K
Volume Incr-23.14%
Vol(5)59.80K
Vol(50)82.77K