Corteva (CTVA) exhibits strong technical momentum and recently hit a new all-time high.
Shares are up more than 50% over the past 52 weeks.
Analyst sentiment is overwhelmingly positive with most major firms rating CTVA a “Buy.”
Low short interest and strong support from both Wall Street and individual investors reinforce the bullish outlook on CTVA.
Valued at $53.37 billion, Corteva (CTVA) provides agriculture products. The company develops and supplies germplasm and traits in corn, soybean, and sunflower seed markets. It also supplies products to the agricultural input industry which protect against weeds, insects and other pests, and diseases to enhance crop health.
I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction; and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. CTVA checks those boxes. Since the Trend Seeker issued a new “buy” on March 9, CTVA stock is up 8.24%.
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
Corteva scored an all-time high of $85.56 on April 2.
Corteva has a Weighted Alpha of +44.76.
CTVA has a 100% “Buy” opinion from Barchart.
The stock has gained 51.99% over the past 52 weeks.
Corteva has its Trend Seeker “Buy” signal intact.
The stock recently traded at $84.74 with a 50-day moving average of $77.53.
CTVA has made 12 new highs and gained 10.18% over the past month.
Relative Strength Index (RSI) is at 66.04.
There’s a technical support level around $84.18.
$53.37 billion market capitalization.
25.24x price-earnings ratio.
0.85% dividend yield.
Revenue is expected to grow 3.0% this year and another 3.17% next year.
Earnings are estimated to increase by 9.65% this year and an additional 10.44% next year.
