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Uptrend SupportArchive
- 1/3/2025 -
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Corteva (CTVA) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Corteva (CTVA). During the week, the CTVA dropped -1.30 points, or -2.27%, and closed at 55.94 on Friday, January 3, 2025. Weekly volume was -36% below average.
CTVA is a member of Materials Sector. Materials is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 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 trend support level is at 56.71 and resistance is at 54.62. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern 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 64.20 on November 25, 2024. CTVA gained -20.98 points, or -48.54%, in 54 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (55.11) line. The support is usually stronger when technical indicators are oversold. 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 support line 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 December 13, 2024. The distance between MACD and the signal line is low, but getting bigger. 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 November 25, 2024 at 64.20 and reached 55.70 on January 3, 2025. CTVA lost 8.50 points, or 13.24%, in 39 days. Price is near the trend low.
 Daily Technical Indicators: [See CTVA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish 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 below its signal line since December 5, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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