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Corteva (CTVA) |
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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 -1.80 points, or -3.16%, and closed at 55.17 on Friday, May 26, 2023. Weekly volume was -33% below average.
CTVA is a member of Materials Sector. Materials is the second most oversold sector. CTVA is a member of Fertilizers & Agricultural Chemicals Industry. Fertilizers & Agricultural Chemicals is the eighth most oversold industry. 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 54.62 on May 25, 2023. CTVA lost 13.81 points, or 20.18%, in 29 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 53.89 and resistance is at 62.45. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
 Medium-term trend: [See CTVA medium-term trend chart]
A medium-term downtrend had started on April 14, 2023 at 63.37 and reached 54.62 on May 25, 2023. CTVA lost 8.75 points, or 13.81%, in 5 weeks. The price is now at the 6.29% retracement level.
 Weekly Technical Indicators: [See CTVA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 below its signal line since December 9, 2022. This is an indication that the medium-term trend is down. 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 May 22, 2023 at 57.37 and reached 54.62 on May 25, 2023. CTVA lost 2.75 points, or 4.79%, in 3 days. The price is now at the 20.00% retracement level.
Daily Technical Indicators: [See CTVA daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. 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. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 24, 2023. 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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