NYSEARCA:CVM - US1508376076 - Common Stock
We assign a technical rating of 8 out of 10 to CVM. CVM 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.
Although CVM has an excellent technical rating, the quality of the presented setup is not ideal 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.
9.21
We found 1 important support area.
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 | NEUTRAL | NEUTRAL | The long term trend for CVM is neutral. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVM is up. |
ChartMill Relative Strength | 98.27 | POSITIVE | CVM has a high relative strength, it outperformed 98.27% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVM is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVM is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CVM is above a declining SMA(200). |
Relative Strength Index/RSI (14) | 58.06 | NEUTRAL | The RSI value for CVM is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CVM has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 61.44 | NEUTRAL | The Stochastics value for CVM is a neutral value. |
Average True Range in percent/ATR (20) | 12.5 | HIGH VOLATILITY | The high ATR as a percentage value for CVM suggests high volalility. |
Average Directional Index/ADX (14) | 46.17 | POSITIVE | The high ADX value value for CVM suggests a strong trend. |
10.43
+1.12 (+12.03%)