CAVCO INDUSTRIES INC (CVCO) Stock Technical Analysis
NASDAQ:CVCO - Nasdaq - US1495681074 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to CVCO. Although CVCO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month CVCO has a been trading in the 470.85 - 549.99 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
CVCO is part of the Household Durables industry. There are 64 other stocks in this industry. CVCO outperforms 90% of them.
CVCO 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 CVCO is performing more or less in line with the market.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that CVCO is one of the better performing stocks in the market, outperforming 85% of all stocks. However, we also see that CVCO couldn't keep up this performance in the last couple of months.
CVCO has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
417.79
544.50
3 important support areas can be observed.
- A support zone ranging from 459.82 to 469.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @442.79 from a trend line in the weekly time frame.
- Support @422.01 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 533.17 to 539.11. This zone is formed by a combination of multiple trend lines 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 | 85.23 | POSITIVE | CVCO has a high relative strength, it outperformed 85.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CVCO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CVCO is below a declining 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) | 35.73 | NEUTRAL | The RSI value for CVCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.28 | NEGATIVE | The MACD value suggests CVCO has a negative trend. |
| Stochastics (14,3) | 17.6 | OVERSOLD | The low Stochastics value suggests CVCO may be oversold. |
| Average True Range in percent/ATR (20) | 3.64 | MEDIUM VOLATILITY | The ATR as a percentage value for CVCO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.97 | NEGATIVE | The low ADX value for CVCO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
472.79
-26.44 (-5.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-5.3%
1 Week-10.46%
2 Weeks-9.8%
1 Month-3.3%
3 Month-9.21%
6 Month-7.82%
12 Month35.91%
2 Year89.89%
3 Year112.82%
5 Year148.59%
10 Year551.85%
15 Year1194.96%
Volatility
ATR(14)18
ATR(20)%3.64%
ATR Inc182.45%
Range Today52.93
ADR(20)15.84
ADR(20)%3.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.23
Mansfield0.34
10 Day High549.99
10 Day Low470.85
20 Day High549.99
20 Day Low470.85
52 Week High549.99
52 Week Low331.08
CS1 End469.82
CR1 Start533.17
Volume & EV
DER(3)-0.67%
DER(5)-0.2%
Volume173.30K
Volume Incr128.7%
Vol(5)129.00K
Vol(50)71.81K