CVR ENERGY INC (CVI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CVI - US12662P1084 - Common Stock
We assign a technical rating of 5 out of 10 to CVI. CVI was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
CVI has an average technical rating and it also does not offer a high 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
15.81
When analyzing the support we can see 2 important areas.
- Support @29.74 from a trend line in the daily time frame.
- Support @15.97 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 33.59 to 33.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 34.54 to 35.09. This zone is formed by a combination of multiple trend lines and important moving averages 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 CVI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CVI is down. |
| ChartMill Relative Strength | 89.96 | POSITIVE | CVI has a high relative strength, it outperformed 89.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CVI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CVI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 29.33 | OVERSOLD | The low RSI value suggests CVI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests CVI has a negative trend. |
| Stochastics (14,3) | 9.59 | OVERSOLD | The low Stochastics value suggests CVI may be oversold. |
| Average True Range in percent/ATR (20) | 3.81 | MEDIUM VOLATILITY | The ATR as a percentage value for CVI suggests some volalility. |
| Average Directional Index/ADX (14) | 21.26 | NEUTRAL | The ADX value for CVI suggests a possible start of a new trend. |
31.69
-0.79 (-2.43%)
CVR ENERGY INC / CVI FAQ
Can you provide the ChartMill technical rating for CVR ENERGY INC?
ChartMill assigns a technical rating of 5 / 10 to CVI.
Can you provide the trend direction for CVR ENERGY INC?
The current trend direction for CVR ENERGY INC (CVI) is Bullish.
What is the RSI signal for CVR ENERGY INC (CVI) stock?
CVR ENERGY INC (CVI) has an RSI value of 29.3315. This indicates that the stock is currently oversold.
What is the short term momentum for CVR ENERGY INC (CVI) stock?
The short term momentum for CVR ENERGY INC (CVI) is negative.
What is the buy/sell signal for CVR ENERGY INC (CVI) stock?
The buy/sell signal for CVR ENERGY INC (CVI) is hold as the short term and long term trends are mixed.