CAVIUM INC (CAVM) Technical Analysis
NASDAQ:CAVM • US14964U1088
Current stock price
CAVM Technical Rating and Analysis
Taking everything into account, CAVM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CAVM is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that CAVM is one of the better performing stocks in the market, outperforming 84% of all stocks.
- CAVM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CAVM is performing more or less in line with the market.
- CAVM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- CAVM has an average volume of 1256910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CAVM Weekly and Daily overview Charts
CAVM Setup Rating and Analysis
Besides having an excellent technical rating, CAVM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 84.09, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
CAVM Support and Resistance Analysis
65.07
We found 5 important support areas.
- A support zone ranging from 82.98 to 84.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 79.21 to 80.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @75.94 from a trend line in the weekly time frame.
- Support @73.40 from a trend line in the daily time frame.
- Support @65.73 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @87.02 from a trend line in the daily time frame.
- A resistance zone ranging from 90.99 to 90.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
CAVM Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CAVM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CAVM is up. |
| ChartMill Relative Strength | 84.89 | POSITIVE | CAVM has a high relative strength, it outperformed 84.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CAVM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CAVM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CAVM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.69 | NEUTRAL | The RSI value for CAVM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests CAVM has a positive trend. |
| Stochastics (14,3) | 81.38 | OVERBOUGHT | The high Stochastics value suggests CAVM may be overbought. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for CAVM suggests some volalility. |
CAVM Chart- and CandleStick Pattern Analysis
CAVM Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 87.03 | 82.97 | 4.06 (4.67%) | 21.44% |
| An entry @87.03. This is a Buy Stop order right above the resistance zone. | An exit @82.97. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.06 points, which is 4.67%. | For a 1.00% total portfolio risk, you can invest 21.44% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CAVM Technicals: Chart, Performance Metrics, Trend & Indicators
86.23
+0.62 (+0.72%)
CAVIUM INC / CAVM TA FAQ
What is the technical rating for CAVM stock?
ChartMill assigns a technical rating of 9 / 10 to CAVM.
What is the current trend direction of CAVIUM INC (CAVM) stock?
The current trend direction for CAVIUM INC (CAVM) is Bullish.
Can you provide the RSI signal for CAVIUM INC?
CAVIUM INC (CAVM) has an RSI value of 58.6875. This indicates that the stock is currently neutral.
What is the short term momentum for CAVIUM INC (CAVM) stock?
The short term momentum for CAVIUM INC (CAVM) is positive.
What is the support and resistance level for CAVM stock?
CAVIUM INC (CAVM) has a support level at 84.09 and a resistance level at 87.02. Check the full technical report for our detailed analysis of CAVM support and resistance levels.