CAVCO INDUSTRIES INC (CVCO) Stock Technical Analysis
NASDAQ:CVCO • US1495681074
We assign a technical rating of 4 out of 10 to CVCO. 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.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When compared to the yearly performance of all other stocks, CVCO outperforms 52% 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 59% 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 - 672.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, CVCO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 588.06. Right above this resistance zone may be a good entry point.
More info and screens
438.08
When analyzing the support we can see 4 important areas.
- A support zone ranging from 578.05 to 581.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @503.60 from a trend line in the weekly time frame.
- Support @472.66 from a trend line in the daily time frame.
- Support @442.51 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 588.06 to 603.99. 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 | UP | POSITIVE | The long term trend for CVCO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CVCO is neutral. |
| ChartMill Relative Strength | 52.87 | 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) | 49.02 | NEUTRAL | The RSI value for CVCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 5.64 | POSITIVE | The MACD value suggests CVCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.92 | OVERBOUGHT | The high Stochastics value suggests CVCO may be overbought. |
| Average True Range in percent/ATR (20) | 5.11 | HIGH VOLATILITY | The high ATR as a percentage value for CVCO suggests high volalility. |
| Average Directional Index/ADX (14) | 16.71 | NEGATIVE | The low ADX value for CVCO suggests a weak or negative trend. |
581.35
-14.45 (-2.43%)
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 Bullish.
Can you provide the RSI signal for CAVCO INDUSTRIES INC?
CAVCO INDUSTRIES INC (CVCO) has an RSI value of 49.0239. 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 581.34 and a resistance level at 588.06. Check the full technical report for our detailed analysis of CVCO support and resistance levels.