CVRX Technical Analysis - CVRX INC

Technical Rating and Analysis

Taking everything into account, CVRX scores 8 out of 10 in our technical rating. CVRX has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

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.

CVRX is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 84% of 191 stocks in the same industry.

In the last month CVRX has a been trading in the 6.53 - 9.30 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that CVRX is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

CVRX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CVRX is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although CVRX has an excellent technical rating, it 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.73

9.04

When analyzing the support we can see 2 important areas.

Support @7.17 from a trend line in the daily time frame.
Support @6.80 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for CVRX is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CVRX is up.
ChartMill Relative Strength	85.54	POSITIVE	CVRX has a high relative strength, it outperformed 85.54% off all stocks 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)	65.98	NEUTRAL	The RSI value for CVRX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.15	POSITIVE	The MACD value suggests CVRX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	91.12	OVERBOUGHT	The high Stochastics value suggests CVRX may be overbought.
Average True Range in percent/ATR (20)	5.5	HIGH VOLATILITY	The high ATR as a percentage value for CVRX suggests high volalility.
Average Directional Index/ADX (14)	24.75	NEUTRAL	The ADX value for CVRX suggests a possible start of a new trend.