CVR ENERGY INC (CVI) Stock Technical Analysis
NYSE:CVI - New York Stock Exchange, Inc. - US12662P1084 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to CVI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CVI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
CVI is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 94% of 211 stocks in the same industry.
CVI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month CVI has a been trading in the 25.00 - 32.67 range, which is quite wide. It is currently trading near the high of this range.
CVI has an average volume of 1011240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, CVI did better than 93% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CVI has an excellent technical rating, it 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
15.74
32.55
3 important support areas can be observed.
- A support zone ranging from 28.41 to 28.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @27.31 from a trend line in the daily time frame.
- A support zone ranging from 15.90 to 15.97. 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 CVI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVI is up. |
| ChartMill Relative Strength | 93.17 | POSITIVE | CVI has a high relative strength, it outperformed 93.17% off all stocks 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) | UP | POSITIVE | The current price of CVI is above the rising 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) | 79.03 | OVERBOUGHT | The high RSI value suggests CVI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests CVI has a positive trend. |
| Stochastics (14,3) | 96.07 | OVERBOUGHT | The high Stochastics value suggests CVI may be overbought. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for CVI suggests some volalility. |
| Average Directional Index/ADX (14) | 50.9 | POSITIVE | The high ADX value value for CVI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
32.23
-0.26 (-0.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.8%
1 Week7.94%
2 Weeks22.32%
1 Month24.87%
3 Month82.5%
6 Month70.08%
12 Month30.96%
2 Year-12.28%
3 Year-3.91%
5 Year67.86%
10 Year-15.69%
15 Year297.9%
Volatility
ATR(14)1.05
ATR(20)%3.37%
ATR Inc40.17%
Range Today0.62
ADR(20)1.08
ADR(20)%3.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.17
Mansfield3.64
10 Day High32.67
10 Day Low25.85
20 Day High32.67
20 Day Low25
52 Week High32.67
52 Week Low15.1
CS1 End28.59
CR1 StartN/A
Volume & EV
DER(3)3.13%
DER(5)2.69%
Volume661.50K
Volume Incr-13.71%
Vol(5)924.04K
Vol(50)1.01M