CAVCO INDUSTRIES INC (CVCO) Stock Technical Analysis
NASDAQ:CVCO - Nasdaq - US1495681074 - Common Stock - Currency: USD
Taking everything into account, CVCO scores 2 out of 10 in our technical rating. CVCO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
CVCO 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.
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 63 other stocks in this industry, CVCO did better than 67% 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.
Although the technical rating is bad, 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 454.45. Right above this resistance zone may be a good entry point.
More info and screens
392.55
543.68
We found 3 important support areas.
- A support zone ranging from 445.99 to 447.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @403.34 from a trend line in the weekly time frame.
- A support zone ranging from 396.52 to 396.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 454.45 to 460.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 533.17 to 538.30. 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 | DOWN | NEGATIVE | The long term trend for CVCO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CVCO is neutral. |
| ChartMill Relative Strength | 52.17 | NEUTRAL | CVCO is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of CVCO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CVCO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.74 | NEUTRAL | The RSI value for CVCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.81 | POSITIVE | The MACD value suggests CVCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.29 | OVERBOUGHT | The high Stochastics value suggests CVCO may be overbought. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for CVCO suggests some volalility. |
| Average Directional Index/ADX (14) | 22.76 | NEUTRAL | The ADX value for CVCO suggests a possible start of a new 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)
449.84
+1.38 (+0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg0.31%
1 Week-1.66%
2 Weeks5.87%
1 Month5.43%
3 Month-4.25%
6 Month4.3%
12 Month20.79%
2 Year52.15%
3 Year74.5%
5 Year124.55%
10 Year515.55%
15 Year1183.06%
Volatility
ATR(14)14.97
ATR(20)%3.25%
ATR Inc-24.21%
Range Today14.69
ADR(20)14.18
ADR(20)%3.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.17
Mansfield-0.95
10 Day High460.62
10 Day Low423.73
20 Day High460.62
20 Day Low393.53
52 Week High549.99
52 Week Low351.28
CS1 End447.34
CR1 Start454.45
Volume & EV
DER(3)0.42%
DER(5)0.44%
Volume128.90K
Volume Incr-33.16%
Vol(5)164.78K
Vol(50)160.32K