Covetrus Inc (CVET) Technical Analysis
NASDAQ:CVET • US22304C1009
Current stock price
CVET Technical Rating and Analysis
Taking everything into account, CVET scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, CVET has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- CVET is part of the Health Care Providers & Services industry. There are 100 other stocks in this industry. CVET outperforms 82% of them.
- CVET is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CVET is leading the market.
- CVET has an average volume of 1292610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, CVET did better than 88% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month CVET has a been trading in a tight range between 20.79 and 21.00.
- Volume is considerably higher in the last couple of days.
CVET Weekly and Daily overview Charts
CVET Setup Rating and Analysis
Although CVET has an excellent technical rating, the quality of the presented setup is not ideal 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
CVET Support and Resistance Analysis
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.
When analyzing the resistance we notice one important 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.
CVET Technical Indicator Signal Analysis
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. |
CVET Chart- and CandleStick Pattern Analysis
CVET Example Setup
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 worst case loss on the trade is limited to 0.18 points, which is 0.84%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.21%. |
- 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.
CVET Technicals: Chart, Performance Metrics, Trend & Indicators
20.99
+0.06 (+0.29%)
Covetrus Inc / CVET TA FAQ
Can you provide the ChartMill technical rating for Covetrus Inc?
ChartMill assigns a technical rating of 7 / 10 to CVET.
Can you provide the trend direction for Covetrus Inc?
The current trend direction for Covetrus Inc (CVET) is Bullish.
What is the RSI signal for Covetrus Inc (CVET) stock?
Covetrus Inc (CVET) has an RSI value of 68.7589. This indicates that the stock is currently neutral.
What is the buy/sell signal for Covetrus Inc (CVET) stock?
The buy/sell signal for Covetrus Inc (CVET) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for Covetrus Inc (CVET) stock?
Covetrus Inc (CVET) has a support level at 20.91 and a resistance level at 21. Check the full technical report for our detailed analysis of CVET support and resistance levels.