CORTEVA INC (CTVA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CTVA - US22052L1044 - Common Stock
66.31 USD
-0.65 (-0.97%)
66.31 USD
0 (0%)
We assign a technical rating of 5 out of 10 to CTVA. In the past year, CTVA was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
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.
CTVA is part of the Chemicals industry. There are 83 other stocks in this industry. CTVA outperforms 78% of them.
CTVA has an average volume of 4148510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, CTVA turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
CTVA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CTVA is lagging the market.
In the last month CTVA has a been trading in a tight range between 64.10 and 67.84.
CTVA has only a medium technical rating, but it does show 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 66.40. Right above this resistance zone may be a good entry point.
More info and screens
54.66
75.03
When analyzing the support we can see 5 important areas.
- A support zone ranging from 65.92 to 66.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 62.87 to 64.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 61.00 to 61.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @59.85 from a trend line in the weekly time frame.
- Support @55.21 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 66.40 to 67.47. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 70.33 to 70.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @74.29 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for CTVA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTVA is up. |
| ChartMill Relative Strength | 56.46 | NEUTRAL | CTVA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTVA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTVA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CTVA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.77 | NEUTRAL | The RSI value for CTVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CTVA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.18 | NEUTRAL | The Stochastics value for CTVA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for CTVA suggests low volalility. |
| Average Directional Index/ADX (14) | 11.93 | NEGATIVE | The low ADX value for CTVA suggests a weak or negative 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)
66.31
-0.65 (-0.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.97%
1 Week0.29%
2 Weeks0.47%
1 Month3%
3 Month-6.42%
6 Month-10.05%
12 Month15.36%
2 Year38.38%
3 Year12.81%
5 Year71.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.21
ATR(20)%1.86%
ATR Inc-13.39%
Range Today1.09
ADR(20)1.2
ADR(20)%1.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.46
3 months CRS28.56
6 months CRS19.6
Mansfield-0.95
10 Day High67.46
10 Day Low64.1
20 Day High67.84
20 Day Low64.1
52 Week High77.41
52 Week Low53.4
CS1 End66.24
CR1 Start66.4
Volume & EV
DER(3)1.35%
DER(5)0.87%
Volume8.98M
Volume Incr23.11%
Vol(5)4.72M
Vol(50)4.15M
CORTEVA INC / CTVA FAQ
Can you provide the ChartMill technical rating for CORTEVA INC?
ChartMill assigns a technical rating of 5 / 10 to CTVA.
What is the current trend direction of CORTEVA INC (CTVA) stock?
The current trend direction for CORTEVA INC (CTVA) is Bearish.
Can you provide the RSI signal for CORTEVA INC?
CORTEVA INC (CTVA) has an RSI value of 53.7691. This indicates that the stock is currently neutral.
What is the short term momentum for CORTEVA INC (CTVA) stock?
The short term momentum for CORTEVA INC (CTVA) is positive.