CVR ENERGY INC. - Daily - Technical analysis published on 12/11/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 42.85 USD
My targets
38.58 USD (-7.28%)
33.52 USD (-19.44%)
My analysis
The bearish trend is currently very strong for CVR ENERGY INC.. As long as the price remains below the resistance at 42.85 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 38.58 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 33.52 USD as an objective. Crossing it would then enable sellers to target 25.39 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
6.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CVR ENERGY INC. rating is 41.61 USD. The price registered a decrease of -0.50% on the session with the lowest point at 41.37 USD and the highest point at 42.54 USD. The deviation from the price is +0.58% for the low point and -2.19% for the high point.41.37
42.54
41.61
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of CVR ENERGY INC. indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.39 | 33.52 | 38.58 | 41.61 | 42.85 | 46.15 | 47.86 |
| Change (%) | -38.98% | -19.44% | -7.28% | - | +2.98% | +10.91% | +15.02% |
| Change | -16.22 | -8.09 | -3.03 | - | +1.24 | +4.54 | +6.25 |
| Level | Minor | Major | Major | - | Major | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.88 | 40.31 | 41.06 | 41.49 | 42.24 | 42.67 | 43.42 |
| Camarilla | 41.50 | 41.60 | 41.71 | 41.82 | 41.93 | 42.04 | 42.15 |
| Woodie | 40.05 | 40.39 | 41.23 | 41.57 | 42.41 | 42.75 | 43.59 |
| Fibonacci | 40.31 | 40.76 | 41.04 | 41.49 | 41.94 | 42.22 | 42.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.54 | 40.86 | 41.66 | 42.98 | 43.79 | 45.11 | 45.91 |
| Camarilla | 41.89 | 42.08 | 42.28 | 42.47 | 42.67 | 42.86 | 43.06 |
| Woodie | 39.28 | 40.73 | 41.41 | 42.85 | 43.53 | 44.98 | 45.66 |
| Fibonacci | 40.86 | 41.67 | 42.17 | 42.98 | 43.79 | 44.30 | 45.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.24 | 40.31 | 41.86 | 44.93 | 46.48 | 49.55 | 51.10 |
| Camarilla | 42.15 | 42.57 | 43.00 | 43.42 | 43.84 | 44.27 | 44.69 |
| Woodie | 36.49 | 39.93 | 41.11 | 44.55 | 45.73 | 49.17 | 50.35 |
| Fibonacci | 40.31 | 42.07 | 43.16 | 44.93 | 46.69 | 47.78 | 49.55 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.76 | |
| MACD (12,26,9): | -0.9700 | |
| Directional Movement: | -12.54 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 42.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 42.98 | |
| Elder Ray (13): | -0.97 | |
| Super Trend (3,10): | 44.54 | |
| Zig ZAG (10): | 41.61 | |
| VORTEX (21): | 0.7400 | |
| Stochastique (14,3,5): | 13.07 | |
| TEMA (21): | 41.41 | |
| Williams %R (14): | -83.27 | |
| Chande Momentum Oscillator (20): | -3.68 | |
| Repulse (5,40,3): | -2.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1900 | |
| Courbe Coppock: | 15.38 |
| MA7: | 42.02 | |
| MA20: | 44.05 | |
| MA50: | 44.34 | |
| MA100: | 44.10 | |
| MAexp7: | 42.17 | |
| MAexp20: | 43.51 | |
| MAexp50: | 44.10 | |
| MAexp100: | 44.05 | |
| Price / MA7: | -0.98% | |
| Price / MA20: | -5.54% | |
| Price / MA50: | -6.16% | |
| Price / MA100: | -5.65% | |
| Price / MAexp7: | -1.33% | |
| Price / MAexp20: | -4.37% | |
| Price / MAexp50: | -5.65% | |
| Price / MAexp100: | -5.54% |
News
The latest news and videos published on CVR ENERGY INC. at the time of the analysis were as follows:
- CVR Energy Announces Commencement of Exchange Offer
- CVR Energy Reports 2017 Fourth Quarter and Full Year Results And Announces Cash Dividend of 50 Cents
- CVR Energy, Inc. to Host Earnings Call
- CVR Energy Announces 2017 Fourth Quarter Earnings Call
- CVR Energy Reports 2017 Third Quarter Results And Announces Cash Dividend of 50 Cents
This member declared not having a position on this financial instrument or a related financial instrument.
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