RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CRVL
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CorVel Corp. stock price ended at $258.61 on Wednesday, after gaining 0.736%.
(Updated on Mar 27, 2024)

Buy candidate since Mar 19, 2024 Gain 3.79% PDF

The CorVel Corp. stock price gained 0.736% on the last trading day (Wednesday, 27th Mar 2024), rising from $256.72 to $258.61. During the last trading day the stock fluctuated 1.77% from a day low at $254.71 to a day high of $259.22. The price has risen in 6 of the last 10 days and is up by 9.16% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 30 thousand shares were bought and sold for approximately $7.86 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 weak 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 6.54% during the next 3 months and, with a 90% probability hold a price between $252.14 and $285.12 at the end of this 3-month period.

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CRVL Signals & Forecast

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 $255.94 and $245.76. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.212%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for CorVel Corp. stock

CorVel Corp. finds support from accumulated volume at $247.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.51 between high and low, or 1.77%. For the last week, the stock has had daily average volatility of 2.63%.

Our recommended stop-loss: $251.14 (-2.89%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (CRVL) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect CorVel Corp. to open at $257.51, and during the day (based on 14 day Average True Range), to move between $251.39 and $265.83, which gives a possible trading interval of +/-$7.22 (+/-2.79%) up or down from last closing price. If CorVel Corp. takes out the full calculated possible swing range there will be an estimated 5.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $259.08 (0.18%) than the support at $247.91 (4.14%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

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: 4.973 Buy Candidate Unchanged

Predicted Opening Price for CorVel Corp. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$257.51 ( 0.424%) $258.61

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

Trading levels for CRVL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 262.02 1.32 %
R2 260.30 0.654 %
R1 259.24 0.242 %
Current price: 258.61
Support S1 255.79 -1.09 %
S2 254.73 -1.50 %
S3 253.00 -2.17 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 260.89 0.88 %
R2 259.16 0.213 %
R1 259.08 0.182 %
Current price 258.61
Support S1 247.91 -4.14%
S2 247.40 -4.33%
S3 233.25 -9.81%

FAQ

What is the symbol for CorVel Corp. Stock and on which exchange is it traded?
The symbol for CorVel Corp. is CRVL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell CorVel Corp. Stock?
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.

How to buy CorVel Corp. Stock?
CorVel Corp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy CorVel Corp. Stock.

What's the current price of CorVel Corp. Stock?
As of the end of day on the 2024-03-27, the price of an CorVel Corp. (CRVL) share was $258.61.

What is the 52-week high and low for CorVel Corp. Stock?
The 52-week high for CorVel Corp. Stock is $265.14 and the 52-week low is $187.34.

What is the market capitalization of CorVel Corp. Stock?
As of the 2024-03-27, the market capitalization of CorVel Corp. is 4.388B.

When is the next earnings date for CorVel Corp.?
The upcoming earnings date for CorVel Corp. is May 23, 2024.
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About CorVel Corp.

CorVel . CorVel Corporation provides workers' compensation, auto, liability, and health solutions for employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and th... CRVL Profile

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