CAVCO INDUSTRIES INC (CVCO) Stock Technical Analysis
NASDAQ:CVCO • US1495681074
Overall CVCO gets a technical rating of 4 out of 10. CVCO has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, CVCO outperforms 59% of them, which is more or less in line with the market.
- CVCO is part of the Household Durables industry. There are 60 other stocks in this industry, CVCO did better than 57% of them.
- CVCO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CVCO is lagging the market.
- In the last month CVCO has a been trading in the 451.00 - 684.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CVCO has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
436.86
4 important support areas can be observed.
- A support zone ranging from 569.88 to 578.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @500.70 from a trend line in the weekly time frame.
- Support @472.17 from a trend line in the daily time frame.
- Support @441.27 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 595.81 to 603.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for CVCO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CVCO is neutral. |
| ChartMill Relative Strength | 59.5 | NEUTRAL | CVCO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CVCO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CVCO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.9 | NEUTRAL | The RSI value for CVCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 6.11 | POSITIVE | The MACD value suggests CVCO has a positive trend. |
| Stochastics (14,3) | 84.73 | OVERBOUGHT | The high Stochastics value suggests CVCO may be overbought. |
| Average True Range in percent/ATR (20) | 4.98 | MEDIUM VOLATILITY | The ATR as a percentage value for CVCO suggests some volalility. |
| Average Directional Index/ADX (14) | 17.98 | NEGATIVE | The low ADX value for CVCO suggests a weak or negative trend. |
595.8
+17.05 (+2.95%)
CAVCO INDUSTRIES INC / CVCO FAQ
What is the technical rating for CVCO stock?
ChartMill assigns a technical rating of 4 / 10 to CVCO.
Can you provide the trend direction for CAVCO INDUSTRIES INC?
The current trend direction for CAVCO INDUSTRIES INC (CVCO) is Bearish.
Can you provide the RSI signal for CAVCO INDUSTRIES INC?
CAVCO INDUSTRIES INC (CVCO) has an RSI value of 52.8983. This indicates that the stock is currently neutral.
What is the short term momentum for CAVCO INDUSTRIES INC (CVCO) stock?
The short term momentum for CAVCO INDUSTRIES INC (CVCO) is neutral.
Can you provide the support and resistance levels for CAVCO INDUSTRIES INC?
CAVCO INDUSTRIES INC (CVCO) has a support level at 578.74 and a resistance level at 595.81. Check the full technical report for our detailed analysis of CVCO support and resistance levels.