CorVel Technical Analysis (NASDAQ:CRVL)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the CorVel stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the CRVL stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for CorVel. The technical analysis form of CorVel stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
CorVel Moving Average
Moving averages show the average price of CRVL stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $54.72 is below the price of $55.55.
CorVel Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like CorVel. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. CorVel bollinger bands show that the stock price is $55.55, upper band is 57.74, lower band is 51.71, and the average is 54.72.
CorVel Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The CorVel MACD line is below the signal line.
CorVel Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 55 is the RSI value of CRVL stock.