Overall CVRS gets a technical rating of 9 out of 10. In the last year, CVRS was one of the better performers, but we do observe some doubts in the very recent evolution.
CVRS has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
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.
When analyzing the resistance we notice one important 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.
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. |
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%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.22%. |
- 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.
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 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 CVRS stock?
CORINDUS VASCULAR ROBOTICS INC (CVRS) has an RSI value of 58.5056. This indicates that the stock is currently neutral.
What is the short term momentum for CVRS stock?
The short term momentum for CORINDUS VASCULAR ROBOTICS INC (CVRS) is positive.
What are the support and resistance levels for CORINDUS VASCULAR ROBOTICS INC (CVRS) stock?
CORINDUS VASCULAR ROBOTICS INC (CVRS) has a support level at 4.26 and a resistance level at 4.27. Check the full technical report for our detailed analysis of CVRS support and resistance levels.