CIVEO CORP (CVEO) Stock Technical Analysis
USA - NYSE:CVEO - CA17878Y2078 - Common Stock
Overall CVEO gets a technical rating of 2 out of 10. CVEO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, CVEO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 23.23. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for CVEO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
19.69
When analyzing the support we can see 2 important areas.
- Support @21.08 from a trend line in the daily time frame.
- A support zone ranging from 19.89 to 20.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 23.23 to 23.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 24.23 to 24.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 24.99 to 25.26. 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 | NEUTRAL | NEUTRAL | The long term trend for CVEO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CVEO is neutral. |
| ChartMill Relative Strength | 22.47 | NEGATIVE | CVEO has a low relative strength, it was outperformed by 77.53% off all stocks 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) | DOWN | NEGATIVE | The current price of CVEO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CVEO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.45 | NEUTRAL | The RSI value for CVEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CVEO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.42 | NEUTRAL | The Stochastics value for CVEO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.83 | MEDIUM VOLATILITY | The ATR as a percentage value for CVEO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.87 | NEUTRAL | The ADX value for CVEO suggests a possible start of a new trend. |
22.2
+0.08 (+0.36%)
CIVEO CORP / CVEO FAQ
Can you provide the ChartMill technical rating for CIVEO CORP?
ChartMill assigns a technical rating of 2 / 10 to CVEO.
Can you provide the trend direction for CIVEO CORP?
The current trend direction for CIVEO CORP (CVEO) is Bearish.
What is the RSI signal for CIVEO CORP (CVEO) stock?
CIVEO CORP (CVEO) has an RSI value of 49.4537. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CIVEO CORP?
The MACD indicator for CIVEO CORP (CVEO) has a value of 0.0016181, indicating a bearish trend.
What are the support and resistance levels for CIVEO CORP (CVEO) stock?
CIVEO CORP (CVEO) has a support level at 21.08 and a resistance level at 23.23. Check the full technical report for our detailed analysis of CVEO support and resistance levels.