CVR ENERGY INC (CVI) Stock Technical Analysis
NYSE:CVI • US12662P1084
Taking everything into account, CVI scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 75% of all other stocks performed better in the past year than CVI.
- CVI is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry, of which 75% are performing better than CVI.
- CVI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- CVI has an average volume of 1238230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CVI has a been trading in the 21.55 - 25.81 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CVI has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately.
More info and screens
21.77
When analyzing the support we can see 2 important areas.
- Support @22.74 from a horizontal line in the weekly time frame.
- A support zone ranging from 21.99 to 22.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 23.45 to 23.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 24.54 to 24.74. 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 | DOWN | NEGATIVE | The short term trend for CVI is down. |
| ChartMill Relative Strength | 25.21 | NEGATIVE | CVI has a low relative strength, it was outperformed by 74.79% 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 | MIXED | The current price of CVI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.56 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 50.61 | NEUTRAL | The Stochastics value for CVI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.87 | MEDIUM VOLATILITY | The ATR as a percentage value for CVI suggests some volalility. |
| Average Directional Index/ADX (14) | 21.92 | NEUTRAL | The ADX value for CVI suggests a possible start of a new trend. |
23.17
+0.36 (+1.58%)
CVR ENERGY INC / CVI FAQ
Can you provide the ChartMill technical rating for CVR ENERGY INC?
ChartMill assigns a technical rating of 0 / 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 43.5643. This indicates that the stock is currently neutral.
What is the buy/sell signal for CVI stock?
The buy/sell signal for CVR ENERGY INC (CVI) is sell as both the short term and long term trends are negative.
What is the support and resistance level for CVI stock?
CVR ENERGY INC (CVI) has a support level at 22.74 and a resistance level at 23.45. Check the full technical report for our detailed analysis of CVI support and resistance levels.