Weaker Buy Today CRVL ranks #2021 as BUY CANDIDATE. Stronger Buy
Today CRVL ranks #2021 as BUY CANDIDATE.

CRVL stock CorVel Corp.

CRVL stock
CorVel Corp.

March 18, 2019
Change 1.46%
Chart period: 2018-12-19 - 2019-03-18
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will CRVL stock price go up or down on Wed, 20 Mar 2019?

CorVel Corp. Forecast and Stock Analysis

Technical CRVL stock analysis for March 18, 2019.

Buy candidate since 2019-03-18
Shorts n/a
Cash n/a
Loans n/a
Beta 0.69
ROA 14.96

CorVel Corp. gained 1.46% in the last trading day, rising from $65.23 to $66.18 , and has now gained 3 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. The price has been going up and down for this period, and there has been a -0.5% loss for the last 2 weeks. Volume fell in the last day by -11 603 shares, and in total, 115 076 shares bought and sold for approximately $7.62 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Close price at the end of the last trading day (Monday, 18th Mar 2019) of the CRVL stock was $66.18. This is 1.46% more than the trading day before Friday, 15th Mar 2019.

During day the stock fluctuated 2.58% from a day low at $65.20 to a day high of $66.88.

30 day high of the CRVL stock price was $68.64 and low was $62.62.
90 day high was $68.64 and low was $59.16.
52 week high for the CorVel Corp. - $70.73 and low - $48.25.

Trend

CorVel Corp. lies in the middle of a 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 8.59% during the next 3 months and, with 90% probability hold a price between $69.25 and $75.32 at the end of this period.

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Signals

Only positive signals in the chart today. CorVel Corp. holds buy signals from both short- and long-term moving averages. In addition, 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 $64.88 and $64.75. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday March 08, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 53 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

CorVel Corp. finds support from accumulated volume at $65.86.

Support: $65.86 Price: $66.18 Resistance: $66.49

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.68 (2.58%) between high and low. For the last week, the stock has had a daily average volatility of 2.86%.

Our recommended stoploss: $63.29 (-4.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 6 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

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 this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Weaker Buy Today CRVL ranks #2021 as BUY CANDIDATE. Stronger Buy
Today CRVL ranks #2021 as BUY CANDIDATE.