CVRX INC (CVRX) Stock Technical Analysis
NASDAQ:CVRX - Nasdaq - US1266381052 - Common Stock - Currency: USD
Taking everything into account, CVRX scores 5 out of 10 in our technical rating. CVRX has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
CVRX 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 CVRX has a been trading in the 5.71 - 8.85 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When comparing the performance of all stocks over the past year, CVRX turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
CVRX is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, CVRX did better than 68% of them.
CVRX has an average technical rating and it also does not offer a high quality setup 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
6.36
11.53
We found 2 important support areas.
- A support zone ranging from 7.99 to 8.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @6.42 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @8.61 from a horizontal line in the daily time frame.
- Resistance @11.42 from a trend 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 | DOWN | NEGATIVE | The long term trend for CVRX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVRX is up. |
| ChartMill Relative Strength | 50.09 | NEUTRAL | CVRX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVRX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CVRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.34 | NEUTRAL | The RSI value for CVRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests CVRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.57 | OVERBOUGHT | The high Stochastics value suggests CVRX may be overbought. |
| Average True Range in percent/ATR (20) | 6.09 | HIGH VOLATILITY | The high ATR as a percentage value for CVRX suggests high volalility. |
| Average Directional Index/ADX (14) | 34.33 | POSITIVE | The high ADX value value for CVRX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
8.34
+0.15 (+1.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg1.83%
1 Week4.25%
2 Weeks22.11%
1 Month42.08%
3 Month23.92%
6 Month-53.07%
12 Month-13.22%
2 Year-53.49%
3 Year-5.55%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%6.09%
ATR Inc-23.76%
Range Today0.35
ADR(20)0.51
ADR(20)%6.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.09
Mansfield-2.64
10 Day High8.85
10 Day Low6.76
20 Day High8.85
20 Day Low5.71
52 Week High18.55
52 Week Low4.3
CS1 End8.07
CR1 Start8.61
Volume & EV
DER(3)-3.4%
DER(5)-3.23%
Volume166.90K
Volume Incr32.63%
Vol(5)307.62K
Vol(50)278.90K