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Advanced TA SearchArchive
- 5/10/2024 -
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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 climbed 0.31 points, or 0.54%, and closed at 57.48 on Friday, May 10, 2024. Weekly volume was 10% above average.
CTVA is a member of Materials Sector. Materials is the most overbought 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 price is now at the 56.56% retracement level.
 Medium-term trend: [See CTVA medium-term trend chart]
A medium-term uptrend had started on April 15, 2024 at 53.19 and reached 58.76 on May 10, 2024. CTVA gained -5.57 points, or -10.47%, in 3 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (58.07) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See CTVA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly 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 weekly 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 link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since December 22, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See CTVA short-term trend chart]
A short-term uptrend had started on May 8, 2024 at 56.81 and reached 58.76 on May 10, 2024. CTVA gained -1.95 points, or -3.43%, in 2 days. The price is now at the 65.64% retracement level.
 Daily Technical Indicators: [See CTVA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since May 1, 2024. This is an indication that the short-term trend is up.
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