CVR ENERGY INC (CVI) Technical Analysis
NYSE:CVI • US12662P1084
Current stock price
CVI Technical Rating and Analysis
Overall CVI gets a technical rating of 8 out of 10. CVI has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that CVI is one of the better performing stocks in the market, outperforming 90% of all stocks.
- CVI is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. CVI outperforms 74% of them.
- CVI has an average volume of 1412830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CVI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CVI is lagging the market.
- In the last month CVI has a been trading in the 28.79 - 35.72 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CVI Weekly and Daily overview Charts
CVI Setup Rating and Analysis
CVI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 33.75. Right above this resistance zone may be a good entry point.
More info and screens
CVI Support and Resistance Analysis
21.51
We found 3 important support areas.
- A support zone ranging from 30.78 to 31.19. 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 29.00 to 29.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.73 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 33.75 to 34.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 34.84 to 35.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
CVI 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CVI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVI is up. |
| ChartMill Relative Strength | 90.43 | POSITIVE | CVI has a high relative strength, it outperformed 90.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CVI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CVI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.9 | NEUTRAL | The RSI value for CVI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests CVI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 61.47 | NEUTRAL | The Stochastics value for CVI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.74 | HIGH VOLATILITY | The high ATR as a percentage value for CVI suggests high volalility. |
| Average Directional Index/ADX (14) | 14.84 | NEGATIVE | The low ADX value for CVI suggests a weak or negative trend. |
CVI Chart- and CandleStick Pattern Analysis
CVI Example Setup
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 |
|---|---|---|---|
| 34.03 | 30.77 | 3.26 (9.58%) | 10.44% |
| An entry @34.03. This is a Buy Stop order right above the resistance zone. | An exit @30.77. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.26 points, which is 9.58%. | When investing 10.44% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
CVI Technicals: Chart, Performance Metrics, Trend & Indicators
32.39
+0.87 (+2.76%)
CVR ENERGY INC / CVI TA FAQ
Can you provide the ChartMill technical rating for CVR ENERGY INC?
ChartMill assigns a technical rating of 8 / 10 to CVI.
What is the current trend direction of CVR ENERGY INC (CVI) stock?
The current trend direction for CVR ENERGY INC (CVI) is Bullish.
Can you provide the RSI signal for CVR ENERGY INC?
CVR ENERGY INC (CVI) has an RSI value of 55.9042. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CVR ENERGY INC?
The short term momentum for CVR ENERGY INC (CVI) is positive.
What is the buy/sell signal for CVI stock?
The buy/sell signal for CVR ENERGY INC (CVI) is buy as both the short term and long term trends are positive.