Taking everything into account, CVET scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CVET is showing a nice and steady performance.
CVET has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
20.30
We found 1 important support area.
- A support zone ranging from 20.50 to 20.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 21.00 to 21.00. 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 CVET is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVET is up. |
| ChartMill Relative Strength | 88.09 | POSITIVE | CVET has a high relative strength, it outperformed 88.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVET is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVET is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.76 | NEUTRAL | The RSI value for CVET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CVET has a positive trend. |
| Stochastics (14,3) | 80.87 | OVERBOUGHT | The high Stochastics value suggests CVET may be overbought. |
| Average True Range in percent/ATR (20) | 0.25 | LOW VOLATILITY | The low ATR as a percentage value for CVET suggests low volalility. |
| Average Directional Index/ADX (14) | 16.55 | NEGATIVE | The low ADX value for CVET suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 21.01 | 20.83 | 0.18 (0.84%) | 25.00% |
| An entry @21.01. This is a Buy Stop order right above the resistance zone. | An exit @20.83. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.18 points, which is 0.84%. | For a 0.21% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
20.99
+0.06 (+0.29%)
Covetrus Inc / CVET FAQ
Can you provide the ChartMill technical rating for Covetrus Inc?
ChartMill assigns a technical rating of 7 / 10 to CVET.
What is the trend direction for CVET stock?
The current trend direction for Covetrus Inc (CVET) is Bullish.
What is the RSI signal for CVET stock?
Covetrus Inc (CVET) has an RSI value of 68.7589. This indicates that the stock is currently neutral.
What is the MACD signal for Covetrus Inc (CVET) stock?
The MACD indicator for Covetrus Inc (CVET) has a value of 0.00530766, indicating a bearish trend.
Can you provide the short term momentum for Covetrus Inc?
The short term momentum for Covetrus Inc (CVET) is positive.