Weaker Buy Today CRVL ranks #872 as BUY CANDIDATE. Stronger Buy
Today CRVL ranks #872 as BUY CANDIDATE.

CRVL stock CorVel Corp.

CRVL stock
CorVel Corp.

23 January 2019
Change 2.78%
Chart period: 2018-10-24 - 2019-01-23




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CorVel Corp. Stock Analysis

Technical stock analysis for 23 January 2019

Buy candidate since 2019-01-23
Shorts n/a
Cash n/a
Loans n/a
Beta 0.68
ROA 15.24

CorVel Corp. gained 2.78% in the last trading day, rising from $61.96 to $63.68 The price has been going up and down for this period, and there has been a 2.2% gain for the last 2 weeks. Volume fell in the last day by -46 shares, and in total, 55 054 shares bought and sold for approximately $3.51 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 (Wednesday, 23rd Jan 2019) of the CRVL stock was $63.68. This is 2.78% more than the trading day before Tuesday, 22nd Jan 2019.

During day the stock fluctuated 2.85% from a day low at $62.14 to a day high of $63.91.

30 day high of the CRVL stock price was $65.13 and low was $59.16.
90 day high was $70.73 and low was $52.59.
52 week high for the CorVel Corp. - $70.73 and low - $46.45.


CorVel Corp. 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 3.38% during the next 3 months and, with 90% probability hold a price between $62.22 and $73.94 at the end of this period.

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Only positive signals in the chart today. CorVel Corp. holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $62.79 and $63.30. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday January 22, 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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A buy signal from a double bottom formation was found on Monday January 14, 2019 with a target of $62.87. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 55 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 $61.89.

Support: $61.89 Price: $63.68 Resistance: $65.12


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 $1.77 (2.85%) between high and low. For the last week, the stock has had a daily average volatility of 3.23%.

Our recommended stoploss: $60.78 (-4.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High


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 Sell Candidate to a Buy Candidate.

Weaker Buy Today CRVL ranks #872 as BUY CANDIDATE. Stronger Buy
Today CRVL ranks #872 as BUY CANDIDATE.