We assign a technical rating of 5 out of 10 to CVRD. In the last year, CVRD was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
CVRD 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
17.75
When analyzing the support we notice one important area.
- A support zone ranging from 17.93 to 18.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 19.15 to 19.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @19.63 from a horizontal line in the weekly time frame.
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 CVRD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVRD is up. |
| ChartMill Relative Strength | 37.69 | NEUTRAL | CVRD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVRD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVRD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVRD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.93 | NEUTRAL | The RSI value for CVRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CVRD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 97.16 | OVERBOUGHT | The high Stochastics value suggests CVRD may be overbought. |
| Average True Range in percent/ATR (20) | 0.65 | LOW VOLATILITY | The low ATR as a percentage value for CVRD suggests low volalility. |
| Average Directional Index/ADX (14) | 22.18 | NEUTRAL | The ADX value for CVRD suggests a possible start of a new trend. |
NYSEARCA:CVRD (12/12/2025, 8:23:22 PM)
18.9877
-0.08 (-0.42%)
MADISON COVERED CALL ETF / CVRD FAQ
What is the ChartMill technical rating of MADISON COVERED CALL ETF (CVRD) stock?
ChartMill assigns a technical rating of 5 / 10 to CVRD.
What is the current trend direction of MADISON COVERED CALL ETF (CVRD) stock?
The current trend direction for MADISON COVERED CALL ETF (CVRD) is Bullish.
What is the RSI signal for MADISON COVERED CALL ETF (CVRD) stock?
MADISON COVERED CALL ETF (CVRD) has an RSI value of 63.9267. This indicates that the stock is currently neutral.
What is the short term momentum for CVRD stock?
The short term momentum for MADISON COVERED CALL ETF (CVRD) is positive.
What is the buy/sell signal for MADISON COVERED CALL ETF (CVRD) stock?
The buy/sell signal for MADISON COVERED CALL ETF (CVRD) is buy as both the short term and long term trends are positive.