CORVEL CORP (CRVL) Stock Technical Analysis
NASDAQ:CRVL - Nasdaq - US2210061097 - Common Stock
We assign a technical rating of 8 out of 10 to CRVL. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
CRVL is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that CRVL is one of the better performing stocks in the market, outperforming 85% of all stocks. We also observe that the gains produced by CRVL over the past year are nicely spread over this period.
CRVL is part of the Health Care Providers & Services industry. There are 108 other stocks in this industry. CRVL outperforms 79% of them.
CRVL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CRVL is lagging the market.
CRVL 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 support zone below the current price at 107.17, a Stop Loss order could be placed below this zone.
More info and screens
81.73
124.78
We found 4 important support areas.
- A support zone ranging from 106.66 to 107.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 99.27 to 101.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @93.35 from a trend line in the weekly time frame.
- Support @82.56 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @120.77 from a horizontal line in the daily time frame.
- A resistance zone ranging from 123.48 to 123.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.45
Mansfield0.48
10 Day High112.19
10 Day Low103.8
20 Day High118.69
20 Day Low103.8
52 Week High127.24
52 Week Low75.29
Performance
1 Week2.48%
2 Weeks-0.3%
1 Month-1.73%
3 Month8.93%
6 Month7.65%
12 Month45.94%
2 Year85.88%
3 Year88.04%
5 Year261.66%
10 Year905.37%
15 Year2096.09%
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)
Technical Indicators
MACD(12,26,9)0.07
RSI(14)47.02
LBB106.5
UBB112.54
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 |
|---|---|---|---|
| 112.20 | 106.65 | 5.55 (4.95%) | 20.22% |
| An entry @112.20. This is a Buy Stop order right above the 10 day high. | An exit @106.65. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.55 points, which is 4.95%. | When investing 20.22% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
CORVEL CORP
NASDAQ:CRVL (1/21/2025, 8:00:00 PM)
Premarket: 109.5 -0.89 (-0.81%)110.39
+1.54 (+1.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg1.41%
1 Week2.48%
2 Weeks-0.3%
1 Month-1.73%
3 Month8.93%
6 Month7.65%
12 Month45.94%
2 Year85.88%
3 Year88.04%
5 Year261.66%
10 Year905.37%
15 Year2096.09%
Volatility
ATR(14)2.9
ATR(20)%3.03%
ATR Inc-29.48%
Range Today2.35
ADR(20)3.18
ADR(20)%2.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.45
Mansfield0.48
10 Day High112.19
10 Day Low103.8
20 Day High118.69
20 Day Low103.8
52 Week High127.24
52 Week Low75.29
CS1 End107.17
CR1 Start120.77
Volume & EV
DER(3)-0.02%
DER(5)0.82%
Volume89.10K
Volume Incr26.99%
Vol(5)103.82K
Vol(50)65.42K