MADISON COVERED CALL ETF (CVRD) Technical Analysis
NYSEARCA:CVRD • US5574414091
Current stock price
CVRD Technical Rating and Analysis
Taking everything into account, CVRD scores 4 out of 10 in our technical rating. In the past year, CVRD was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- CVRD 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.
- Warning: CVRD has an average volume of 1620 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month CVRD has a been trading in the 17.56 - 18.66 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, CVRD outperforms 45% of them, which is more or less in line with the market.
- Considerably lower volume is observed in the last couple of days.
CVRD Weekly and Daily overview Charts
CVRD Setup Rating and Analysis
CVRD has an average technical rating and the quality of the presented setup is also 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.
More info and screens
CVRD Support and Resistance Analysis
17.38
2 important support areas can be observed.
- A support zone ranging from 18.19 to 18.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.56 to 17.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 18.71 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.
CVRD Technical Indicator Signal Analysis
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 CVRD is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVRD is up. |
| ChartMill Relative Strength | 45.33 | 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) | DOWN | MIXED | The current price of CVRD is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CVRD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.73 | NEUTRAL | The RSI value for CVRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests CVRD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.48 | OVERBOUGHT | The high Stochastics value suggests CVRD may be overbought. |
| Average True Range in percent/ATR (20) | 0.68 | LOW VOLATILITY | The low ATR as a percentage value for CVRD suggests low volalility. |
| Average Directional Index/ADX (14) | 16.36 | NEGATIVE | The low ADX value for CVRD suggests a weak or negative trend. |
CVRD Chart- and CandleStick Pattern Analysis
CVRD Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:CVRD (4/22/2026, 8:17:55 PM)
18.5856
-0.03 (-0.14%)
MADISON COVERED CALL ETF / CVRD TA FAQ
What is the ChartMill technical rating of MADISON COVERED CALL ETF (CVRD) stock?
ChartMill assigns a technical rating of 4 / 10 to CVRD.
Can you provide the trend direction for MADISON COVERED CALL ETF?
The current trend direction for MADISON COVERED CALL ETF (CVRD) is Bearish.
Can you provide the RSI signal for MADISON COVERED CALL ETF?
MADISON COVERED CALL ETF (CVRD) has an RSI value of 59.7323. This indicates that the stock is currently neutral.
What is the support and resistance level for CVRD stock?
MADISON COVERED CALL ETF (CVRD) has a support level at 18.45 and a resistance level at 18.71. Check the full technical report for our detailed analysis of CVRD support and resistance levels.