CAVCO INDUSTRIES INC (CVCO) Stock Technical Analysis
USA - NASDAQ:CVCO - US1495681074 - Common Stock
550.21 USD
-11.87 (-2.11%)
550.21 USD
0 (0%)
We assign a technical rating of 8 out of 10 to CVCO. In the last year, CVCO was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, CVCO did better than 80% of all other stocks.
CVCO is one of the better performing stocks in the Household Durables industry, it outperforms 91% of 61 stocks in the same industry.
CVCO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CVCO is lagging the market slightly.
In the last month CVCO has a been trading in the 491.29 - 602.57 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, CVCO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 527.56, a Stop Loss order could be placed below this zone.
More info and screens
419.63
599.20
We found 3 important support areas.
- A support zone ranging from 519.52 to 527.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 493.34 to 497.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @423.87 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 551.49 to 559.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 588.98 to 593.27. 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 | 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 | 80.95 | POSITIVE | CVCO has a high relative strength, it outperformed 80.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CVCO is below 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 | POSITIVE | The current price of CVCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.26 | NEUTRAL | The RSI value for CVCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.79 | POSITIVE | The MACD value suggests CVCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.95 | NEUTRAL | The Stochastics value for CVCO is a neutral value. |
| Average True Range in percent/ATR (20) | 5 | MEDIUM VOLATILITY | The ATR as a percentage value for CVCO suggests some volalility. |
| Average Directional Index/ADX (14) | 22.2 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 559.16 | 519.51 | 39.65 (7.09%) | 14.10% |
| An entry @559.16. This is a Buy Stop order right above the resistance zone. | An exit @519.51. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 39.65 points, which is 7.09%. | For a 1.00% total portfolio risk, you can invest 14.10% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CVCO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
550.21
-11.87 (-2.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-2.11%
1 Week-4.12%
2 Weeks9.17%
1 Month1.8%
3 Month14.57%
6 Month4.2%
12 Month18.27%
2 Year94.57%
3 Year139.61%
5 Year205.66%
10 Year493.54%
15 Year1409.08%
Volatility
ATR(14)30.49
ATR(20)%5%
ATR Inc-46.25%
Range Today13.1
ADR(20)26.83
ADR(20)%4.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.95
3 months CRS85.38
6 months CRS50.06
Mansfield0.07
10 Day High586.89
10 Day Low510.69
20 Day High602.57
20 Day Low491.29
52 Week High602.57
52 Week Low393.53
CS1 End527.56
CR1 Start551.49
Volume & EV
DER(3)2.51%
DER(5)1.9%
Volume53.90K
Volume Incr-55.23%
Vol(5)72.10K
Vol(50)171.03K
CAVCO INDUSTRIES INC / CVCO FAQ
What is the technical rating for CVCO stock?
ChartMill assigns a technical rating of 8 / 10 to CVCO.
What is the current trend direction of CAVCO INDUSTRIES INC (CVCO) stock?
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 49.2629. This indicates that the stock is currently neutral.
What is the MACD signal for CVCO stock?
The MACD indicator for CAVCO INDUSTRIES INC (CVCO) has a value of 0.788523, indicating a bearish trend.