Taking everything into account, CVRD scores 3 out of 10 in our technical rating. In the past year, CVRD was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, CVRD is a bad performer in the overall market: 64% of all stocks are doing better.
- Warning: CVRD has an average volume of 5422 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.
- CVRD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CVRD is lagging the market.
- In the last month CVRD has a been trading in a tight range between 18.43 and 18.95.
- Considerably lower volume is observed in the last couple of days.
CVRD has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 18.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.84, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
17.74
We found 1 important support area.
- A support zone ranging from 17.92 to 18.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 18.92 to 19.14. 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 | 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 | 36.09 | NEUTRAL | CVRD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CVRD is above a declining 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) | 54.05 | NEUTRAL | The RSI value for CVRD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CVRD has a positive trend. |
| Stochastics (14,3) | 89.58 | OVERBOUGHT | The high Stochastics value suggests CVRD may be overbought. |
| Average True Range in percent/ATR (20) | 0.71 | LOW VOLATILITY | The low ATR as a percentage value for CVRD suggests low volalility. |
| Average Directional Index/ADX (14) | 44.84 | POSITIVE | The high ADX value value for CVRD suggests a strong trend. |
NYSEARCA:CVRD (1/23/2026, 8:04:00 PM)
18.8616
-0.04 (-0.21%)
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 3 / 10 to CVRD.
What is the trend direction for CVRD stock?
The current trend direction for MADISON COVERED CALL ETF (CVRD) is Bearish.
What is the RSI signal for MADISON COVERED CALL ETF (CVRD) stock?
MADISON COVERED CALL ETF (CVRD) has an RSI value of 54.0487. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MADISON COVERED CALL ETF?
The MACD indicator for MADISON COVERED CALL ETF (CVRD) has a value of 0.0143598, indicating a bearish trend.
Can you provide the support and resistance levels for MADISON COVERED CALL ETF?
MADISON COVERED CALL ETF (CVRD) has a support level at 18.84 and a resistance level at 18.92. Check the full technical report for our detailed analysis of CVRD support and resistance levels.