CORINDUS VASCULAR ROBOTICS INC (CVRS) Technical Analysis
NYSEARCA:CVRS
Current stock price
CVRS Technical Rating and Analysis
Taking everything into account, CVRS scores 9 out of 10 in our technical rating. In the last year, CVRS was one of the better performers, but we do observe some doubts in the very recent evolution.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, CVRS did better than 99% of all other stocks. On top of that, CVRS also shows a nice and consistent pattern of rising prices.
- CVRS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- CVRS has an average volume of 1748860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CVRS has a been trading in a tight range between 4.26 and 4.40.
CVRS Weekly and Daily overview Charts
CVRS Setup Rating and Analysis
CVRS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.26, a Stop Loss order could be placed below this zone.
More info and screens
CVRS Support and Resistance Analysis
2.29
We found 4 important support areas.
- A support zone ranging from 4.24 to 4.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.03 from a trend line in the weekly time frame.
- Support @2.39 from a trend line in the daily time frame.
- Support @2.31 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 4.27 to 4.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
CVRS 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 | UP | POSITIVE | The long term trend for CVRS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVRS is up. |
| ChartMill Relative Strength | 99.62 | POSITIVE | CVRS has a high relative strength, it outperformed 99.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CVRS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CVRS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVRS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.51 | NEUTRAL | The RSI value for CVRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CVRS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for CVRS is a neutral value. |
| Average True Range in percent/ATR (20) | 0.48 | LOW VOLATILITY | The low ATR as a percentage value for CVRS suggests low volalility. |
CVRS Chart- and CandleStick Pattern Analysis
CVRS Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.29 | 4.25 | 0.04 (0.86%) | 25.00% |
| An entry @4.29. This is a Buy Stop order right above the 10 day moving average. | An exit @4.25. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.04 points, which is 0.86%. | For a 0.22% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CVRS Technicals: Chart, Performance Metrics, Trend & Indicators
CORINDUS VASCULAR ROBOTICS INC
NYSEARCA:CVRS (10/28/2019, 8:11:36 PM)
After market: 4.28 +0.01 (+0.23%)4.27
0 (0%)
CORINDUS VASCULAR ROBOTICS INC / CVRS TA FAQ
Can you provide the ChartMill technical rating for CORINDUS VASCULAR ROBOTICS INC?
ChartMill assigns a technical rating of 8 / 10 to CVRS.
What is the current trend direction of CORINDUS VASCULAR ROBOTICS INC (CVRS) stock?
The current trend direction for CORINDUS VASCULAR ROBOTICS INC (CVRS) is Bullish.
What is the RSI signal for CORINDUS VASCULAR ROBOTICS INC (CVRS) stock?
CORINDUS VASCULAR ROBOTICS INC (CVRS) has an RSI value of 58.5056. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CORINDUS VASCULAR ROBOTICS INC?
The MACD indicator for CORINDUS VASCULAR ROBOTICS INC (CVRS) has a value of -0.00979329, indicating a bearish trend.
Can you provide the buy/sell signal for CORINDUS VASCULAR ROBOTICS INC?
The buy/sell signal for CORINDUS VASCULAR ROBOTICS INC (CVRS) is buy as both the short term and long term trends are positive.