CVR ENERGY INC (CVI) Stock Technical Analysis
NYSE:CVI • US12662P1084
Overall CVI gets a technical rating of 1 out of 10. CVI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 61% of all other stocks performed better in the past year than CVI.
- CVI is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 73% of 207 stocks in the same industry do better.
- In the last month CVI has a been trading in the 19.62 - 24.97 range, which is quite wide. It is currently trading near the high of this range.
- CVI has an average volume of 1380420 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of CVI is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
20.51
When analyzing the support we notice one important area.
- A support zone ranging from 20.72 to 20.72. 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 24.54 to 25.03. 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 | DOWN | NEGATIVE | The long term trend for CVI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CVI is neutral. |
| ChartMill Relative Strength | 39.64 | NEUTRAL | CVI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CVI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CVI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.71 | NEUTRAL | The RSI value for CVI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests CVI has a positive trend. |
| Stochastics (14,3) | 75.02 | NEUTRAL | The Stochastics value for CVI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.73 | MEDIUM VOLATILITY | The ATR as a percentage value for CVI suggests some volalility. |
| Average Directional Index/ADX (14) | 21.74 | NEUTRAL | The ADX value for CVI suggests a possible start of a new trend. |
24.16
+0.53 (+2.24%)
CVR ENERGY INC / CVI FAQ
Can you provide the ChartMill technical rating for CVR ENERGY INC?
ChartMill assigns a technical rating of 1 / 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 Bearish.
What is the RSI signal for CVR ENERGY INC (CVI) stock?
CVR ENERGY INC (CVI) has an RSI value of 54.7141. This indicates that the stock is currently neutral.
What is the support and resistance level for CVI stock?
CVR ENERGY INC (CVI) has a support level at 20.72 and a resistance level at 24.54. Check the full technical report for our detailed analysis of CVI support and resistance levels.