CIVEO CORP (CVEO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CVEO - CA17878Y2078 - Common Stock
Overall CVEO gets a technical rating of 7 out of 10. 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.
Besides having an excellent technical rating, CVEO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 22.63, a Stop Loss order could be placed below this zone. 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
19.69
We found 3 important support areas.
- A support zone ranging from 22.25 to 22.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.32 to 20.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 19.89 to 19.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- 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.
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 | 53.87 | 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) | UP | POSITIVE | The current price of CVEO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.73 | NEUTRAL | The RSI value for CVEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests CVEO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.34 | OVERBOUGHT | The high Stochastics value suggests CVEO may be overbought. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for CVEO suggests some volalility. |
| Average Directional Index/ADX (14) | 11.64 | NEGATIVE | The low ADX value for CVEO suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 24.29 | 22.24 | 2.05 (8.44%) | 11.85% |
| An entry @24.29. This is a Buy Stop order right above the resistance zone. | An exit @22.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.05 points, which is 8.44%. | For a 1.00% total portfolio risk, you can invest 11.85% 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.
23.28
-0.17 (-0.72%)
CIVEO CORP / CVEO FAQ
Can you provide the ChartMill technical rating for CIVEO CORP?
ChartMill assigns a technical rating of 7 / 10 to CVEO.
Can you provide the trend direction for CIVEO CORP?
The current trend direction for CIVEO CORP (CVEO) is Bullish.
What is the RSI signal for CIVEO CORP (CVEO) stock?
CIVEO CORP (CVEO) has an RSI value of 62.7303. 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 0.0913822, indicating a bearish trend.
What are the support and resistance levels for CIVEO CORP (CVEO) stock?
CIVEO CORP (CVEO) has a support level at 22.63 and a resistance level at 24.23. Check the full technical report for our detailed analysis of CVEO support and resistance levels.