CVR REFNG LP (CVRR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CVRR - US12663P1075
Taking everything into account, CVRR scores 1 out of 10 in our technical rating. CVRR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, CVRR is a bad performer in the overall market: 94% of all stocks are doing better.
- CVRR 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.
- In the last month CVRR has a been trading in the 10.14 - 11.77 range, which is quite wide. It is currently trading near the lows of this range.
- Volume is considerably higher in the last couple of days.
CVRR 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.
More info and screens
9.11
3 important support areas can be observed.
- Support @10.47 from a horizontal line in the daily time frame.
- Support @9.42 from a trend line in the weekly time frame.
- Support @9.20 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 11.25 to 11.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.17 from a trend line in the daily time frame.
- Resistance @15.92 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for CVRR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CVRR is down. |
| ChartMill Relative Strength | 6.06 | NEGATIVE | CVRR has a low relative strength, it was outperformed by 93.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CVRR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CVRR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CVRR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.37 | NEUTRAL | The RSI value for CVRR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests CVRR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 1.28 | OVERSOLD | The low Stochastics value suggests CVRR may be oversold. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for CVRR suggests some volalility. |
10.49
0 (0%)
CVR REFNG LP / CVRR FAQ
What is the ChartMill technical rating of CVR REFNG LP (CVRR) stock?
ChartMill assigns a technical rating of 1 / 10 to CVRR.
Can you provide the trend direction for CVR REFNG LP?
The current trend direction for CVR REFNG LP (CVRR) is Bearish.
Can you provide the RSI signal for CVR REFNG LP?
CVR REFNG LP (CVRR) has an RSI value of 38.366. This indicates that the stock is currently neutral.
What is the buy/sell signal for CVRR stock?
The buy/sell signal for CVR REFNG LP (CVRR) is sell as both the short term and long term trends are negative.
What is the support and resistance level for CVRR stock?
CVR REFNG LP (CVRR) has a support level at 10.47 and a resistance level at 11.25. Check the full technical report for our detailed analysis of CVRR support and resistance levels.