We assign a technical rating of 10 out of 10 to CVCO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CVCO is showing a nice and steady performance.
Although CVCO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
429.47
We found 3 important support areas.
- A support zone ranging from 603.13 to 610.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 575.21 to 591.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @433.81 from a trend line in the weekly time frame.
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 CVCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVCO is up. |
| ChartMill Relative Strength | 91.37 | POSITIVE | CVCO has a high relative strength, it outperformed 91.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVCO is above 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) | 77.08 | OVERBOUGHT | The high RSI value suggests CVCO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.75 | POSITIVE | The MACD value suggests CVCO has a positive trend. |
| Stochastics (14,3) | 92.55 | OVERBOUGHT | The high Stochastics value suggests CVCO may be overbought. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for CVCO suggests some volalility. |
| Average Directional Index/ADX (14) | 12.43 | NEGATIVE | The low ADX value for CVCO suggests a weak or negative trend. |
667.7
+25.01 (+3.89%)
CAVCO INDUSTRIES INC / CVCO FAQ
What is the technical rating for CVCO stock?
ChartMill assigns a technical rating of 10 / 10 to CVCO.
Can you provide the trend direction for CAVCO INDUSTRIES INC?
The current trend direction for CAVCO INDUSTRIES INC (CVCO) is Bullish.
Can you provide the RSI signal for CAVCO INDUSTRIES INC?
CAVCO INDUSTRIES INC (CVCO) has an RSI value of 77.0792. This indicates that the stock is currently overbought.
What is the short term momentum for CAVCO INDUSTRIES INC (CVCO) stock?
The short term momentum for CAVCO INDUSTRIES INC (CVCO) is positive.
Can you provide the support and resistance levels for CAVCO INDUSTRIES INC?
CAVCO INDUSTRIES INC (CVCO) has a support level at 610.5. Check the full technical report for our detailed analysis of CVCO support and resistance levels.