Taking everything into account, CVGI scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. CVGI was also a bad performer in the overall market in the last year.
CVGI has a poor technical rating and the quality of the setup is also 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.
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1.38
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.60 to 1.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.50 from a horizontal line in the daily time frame.
- A support zone ranging from 1.39 to 1.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @1.81 from a trend line in the weekly time frame.
- Resistance @1.85 from a trend line in the daily time frame.
- A resistance zone ranging from 1.97 to 1.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.11 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for CVGI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVGI is up. |
| ChartMill Relative Strength | 19.55 | NEGATIVE | CVGI has a low relative strength, it was outperformed by 80.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVGI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CVGI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CVGI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.9 | NEUTRAL | The RSI value for CVGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CVGI has a positive trend. |
| Stochastics (14,3) | 91.93 | OVERBOUGHT | The high Stochastics value suggests CVGI may be overbought. |
| Average True Range in percent/ATR (20) | 8.19 | HIGH VOLATILITY | The high ATR as a percentage value for CVGI suggests high volalility. |
| Average Directional Index/ADX (14) | 9.75 | NEGATIVE | The low ADX value for CVGI suggests a weak or negative trend. |
1.77
+0.05 (+2.91%)
COMMERCIAL VEHICLE GROUP INC / CVGI FAQ
What is the technical rating for CVGI stock?
ChartMill assigns a technical rating of 3 / 10 to CVGI.
What is the current trend direction of COMMERCIAL VEHICLE GROUP INC (CVGI) stock?
The current trend direction for COMMERCIAL VEHICLE GROUP INC (CVGI) is Bearish.
Can you provide the RSI signal for COMMERCIAL VEHICLE GROUP INC?
COMMERCIAL VEHICLE GROUP INC (CVGI) has an RSI value of 59.9019. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for COMMERCIAL VEHICLE GROUP INC?
COMMERCIAL VEHICLE GROUP INC (CVGI) has a support level at 1.63 and a resistance level at 1.81. Check the full technical report for our detailed analysis of CVGI support and resistance levels.