CVY in upward trend: 10-day moving average moved above 50-day moving average on November 14, 2023
The 10-day moving average for CVY crossed bullishly above the 50-day moving average on November 14, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on CVY as a result. In of 75 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CVY just turned positive on November 02, 2023. Looking at past instances where CVY's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .
CVY moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CVY advanced for three days, in of 334 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 290 cases where CVY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CVY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CVY broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
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CVY and
Correlation & Price change
A.I.dvisor tells us that CVY and MDIV have been poorly correlated (+20% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that CVY and MDIV's prices will move in lockstep.
| Ticker / NAME | Correlation To CVY | 1D Price Change % | ||
|---|---|---|---|---|
| CVY | 100% | +0.11% | ||
| MDIV - CVY | 20% Poorly correlated | +0.11% | ||
| ALTY - CVY | 17% Poorly correlated | +0.36% | ||
| EVT - CVY | 13% Poorly correlated | +0.07% | ||
| HIPS - CVY | 13% Poorly correlated | +0.25% | ||
| CSQ - CVY | 10% Poorly correlated | -1.45% | ||
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