NYSEARCA:CVM - NYSE Arca - US1508376076 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to CVM. CVM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, CVM does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.54. Right above this resistance zone may be a good entry point.
2.26
3 important support areas can be observed.
We can see 2 important resistance areas.
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 CVM is down. |
ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CVM is down. |
ChartMill Relative Strength | 0.56 | NEGATIVE | CVM has a low relative strength, it was outperformed by 99.44% 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) | DOWN | NEGATIVE | The current price of CVM is below a declining SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CVM is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 37.69 | NEUTRAL | The RSI value for CVM is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests CVM has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 72.27 | NEUTRAL | The Stochastics value for CVM is a neutral value. |
Average True Range in percent/ATR (20) | 8.36 | HIGH VOLATILITY | The high ATR as a percentage value for CVM suggests high volalility. |
Average Directional Index/ADX (14) | 36.34 | POSITIVE | The high ADX value value for CVM suggests a strong trend. |
2.49
-0.03 (-1.19%)