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Downtrend Broken Resist.Archive
- 5/2/2025 -
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Corteva (CTVA) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth consecutive positive week for the Corteva (CTVA). During the week, the CTVA gained 1.16 points, or 1.89%, and closed at 62.63 on Friday, May 2, 2025. Weekly volume was 12% above average.
 Long-term trend: [See CTVA long-term trend chart]
A long-term downtrend had started on November 2, 2022 at 68.43 and reached 43.22 on November 13, 2023. CTVA lost 25.21 points, or 36.84%, in 53 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (60.53) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CTVA may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See CTVA medium-term trend chart]
A medium-term uptrend had started on November 13, 2023 at 43.22 and reached 66.24 on January 30, 2025. CTVA gained -23.02 points, or -53.26%, in 63 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 58.92 and resistance is at 68.85. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See CTVA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 7, 2025. Use the following link to access a MACD help.
 Short-term trend: [See CTVA short-term trend chart]
A short-term downtrend had started on January 30, 2025 at 66.24 and reached 53.40 on April 7, 2025. CTVA lost 12.84 points, or 19.38%, in 67 days. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (62.95). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.
 Daily Technical Indicators: [See CTVA daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 16, 2025.
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