NYSEARCA:CVY - NYSE Arca - US46137Y5006 - ETF - Currency: USD
Taking everything into account, CVY scores 1 out of 10 in our technical rating. CVY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, CVY does present a nice setup opportunity. 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 24.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.15, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CVY in the last couple of days, which is a good sign.
22.80
We found 1 important support area.
When analyzing the resistance we notice 4 important areas.
NYSEARCA:CVY (4/28/2025, 8:04:00 PM)
After market: 24.3695 -0.13 (-0.55%)24.5035
+0.13 (+0.55%)