Corteva, Inc. (CTVA) is a leading global agricultural company specializing in seeds, crop protection, and digital agriculture solutions. Formed in 2019 as a spin-off from DowDuPont, Corteva combines the agricultural legacies of Dow AgroSciences and DuPont Pioneer. With deep roots in biotechnology, the company has built a strong pipeline focused on gene editing, biologicals, and proprietary seed traits. Corteva holds a significant market share in Latin America, especially in Brazil, where it is expanding rapidly in soy and corn. Its competitive moat is driven by high farmer loyalty, switching costs, global distribution, and ongoing innovation.
CTVA stock has outpaced the broader market in recent months on a relative and absolute basis, reflecting strong investor momentum. According to the latest SIA S&P 500 Index report, Corteva ranks 66th, having climbed 96 positions in SIA's proprietary relative strength ranking. Over the past 3 months, Corteva is up 22.48%, slightly outperforming the S&P 500’s 19.21% gain. Year-to-date, Corteva has returned 28.81%, compared to the S&P’s 7.07%, demonstrating substantial alpha. While it posted a modest 1.40% dip in the past month, this short-term pullback has not slowed its rise in relative strength. It now sits firmly within the top quintile of the SIA S&P 500 Index.
Turning to the point and figure chart, which is scaled at 2% for an investment-grade view of recent price movements, we can see the notable breakout through $66.83 and a move up to the first level of resistance at $78.30. This aligns with the vertical count from the most recent spread double top. Currently, the shares have pulled back into a column of O’s and reached the first support level, marked by a 3-box reversal at $70.92. Additional support is seen at $65.52, which was the former resistance level before the breakout through the spread triple top. Below that, support appears around $54.82, which aligns with the trend-level support. There is further support at $42.38, the lower end of the three and a half years of consolidation that investors have experienced.
By taking the full extent of this consolidation range and projecting it upward, we identify a point and figure resistance target at $103.31, which is built from the vertical count. In the near term, Corteva’s SMAX reading of 9 out of 10 indicates strong relative strength versus a basket of alternative asset classes, providing yet another positive signal in favor of Corteva Inc.
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