CAVCO INDUSTRIES INC (CVCO) Stock Technical Analysis
NASDAQ:CVCO - Nasdaq - US1495681074 - Common Stock - Currency: USD
Overall CVCO gets a technical rating of 3 out of 10. In the past year, CVCO was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month CVCO has a been trading in the 397.38 - 456.71 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the performance of all stocks over the past year, CVCO turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
CVCO is part of the Household Durables industry. There are 63 other stocks in this industry, CVCO did better than 69% 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of CVCO is bad and it also does not present a quality setup 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
392.55
543.68
3 important support areas can be observed.
- A support zone ranging from 422.29 to 427.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @410.15 from a trend line in the weekly time frame.
- A support zone ranging from 396.52 to 396.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 457.43 to 459.41. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for CVCO is up. |
| ChartMill Relative Strength | 49.7 | 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 | MIXED | The current price of CVCO is above 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) | 60.96 | NEUTRAL | The RSI value for CVCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.02 | POSITIVE | The MACD value suggests CVCO has a positive trend. |
| Stochastics (14,3) | 93.02 | OVERBOUGHT | The high Stochastics value suggests CVCO may be overbought. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for CVCO suggests some volalility. |
| Average Directional Index/ADX (14) | 23.12 | 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)
450.7
+4.42 (+0.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg0.99%
1 Week11.8%
2 Weeks7.4%
1 Month0.85%
3 Month-14.01%
6 Month-14.74%
12 Month22.44%
2 Year61.24%
3 Year92.6%
5 Year136.08%
10 Year529.91%
15 Year1244.97%
Volatility
ATR(14)13.44
ATR(20)%2.99%
ATR Inc-15.66%
Range Today9.85
ADR(20)13.08
ADR(20)%2.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.7
Mansfield-1.02
10 Day High452.11
10 Day Low397.38
20 Day High456.71
20 Day Low397.38
52 Week High549.99
52 Week Low359.26
CS1 End427.79
CR1 Start457.43
Volume & EV
DER(3)-0.41%
DER(5)0.66%
Volume72.50K
Volume Incr-15.9%
Vol(5)113.94K
Vol(50)175.65K