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$197.16 (0.18%)

Volume: 29k

Closed: Dec 08, 2021

Hollow Logo Score: 2.987

CorVel Corp. Stock Forecast

$197.16 (0.18%)

Volume: 29k

Closed: Dec 08, 2021

Score Hollow Logo 2.987
Which way will CRVL go? Request
Stop-loss: $190.25 (-3.50%)
Key Stats
P/E Ratio 59.00
Beta 0.78
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 59 and the stock is currently not being overbought or oversold

Green day on Wednesday for CorVel Corp. stock after gaining 0.18%
(Updated on Dec 08, 2021)


Buy or Hold candidate since 2021-10-27 Gain 11.40%

The CorVel Corp. stock price gained 0.18% on the last trading day (Wednesday, 8th Dec 2021), rising from $196.80 to $197.16. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.42% from a day low at $192.78 to a day high of $197.45. The price has risen in 7 of the last 10 days, but is still down by -0.38% for this period. Volume fell on the last day by -4 thousand shares and in total, 29 thousand shares were bought and sold for approximately $5.74 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.03% during the next 3 months and, with a 90% probability hold a price between $204.28 and $232.17 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, November 24, 2021, and so far it has fallen -0.83%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The CorVel Corp. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $192.45 and $187.81. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss

CorVel Corp. finds support from accumulated volume at $195.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $4.67 (2.42%) between high and low. For the last week, the stock has had a daily average volatility of 2.83%.

Our recommended stop-loss: $190.25 (-3.50%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)

Is CorVel Corp. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CorVel Corp. stock to perform well in the short-term.

Current score: 2.987

Predicted Opening Price for CorVel Corp. of Thursday, December 9, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 9, 2021 Current price
$195.80 $197.16 (Overvalued)
Buy Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 2.83 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.83 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $197.91
Price: $197.16
Support: $195.35

CRVL Insider Trading Show all Trades

INSIDER POWER

0.208

Last 100 transactions
Buy: 33 896 | Sell: 162 666 (Shares)
Date Action Amount Person Type
Dec 02, 2021 Sell 1 000 Clemons V Gordon Common Stock
Dec 01, 2021 Sell 7 500 Michael Jeffrey J Common Stock
Nov 30, 2021 Sell 7 500 Michael Jeffrey J Common Stock
Nov 24, 2021 Sell 225 O'brien Brandon Non-Qualified Stock Option (right to buy)
Nov 24, 2021 Sell 83 O'brien Brandon Non-Qualified Stock Option (right to buy)
Show all Insider Trades
INSIDER POWER

0.208

Last 100 transactions
Buy: 33 896 | Sell: 162 666 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 200.47 1.68 %
198.68 0.77 %
197.58 0.21 %
Current price: 197.16
Support 194.01 -1.60 %
192.91 -2.16 %
191.13 -3.06 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
198.81 0.84 %
197.91 0.38 %
Current price 197.16
Support 195.35 -0.92%
188.00 -4.65%
177.39 -10.03%

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About CorVel Corp.

CorVel CorVel Corporation provides medical cost containment and managed care services to address the medical costs of workers’ compensation and auto claims. The company offers network solutions, including automated medical fee auditing, preferred provider services, retrospective utilization review, independent medical examinations, and inpatient bill review services; directed care networks for CT and bone scans, diagnostic imaging, physical and occupat... Read more

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