CVGI Technical Analysis - COMMERCIAL VEHICLE GROUP INC

Technical Rating and Analysis

Overall CVGI gets a technical rating of 7 out of 10. Although CVGI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month CVGI has a been trading in the 1.63 - 1.99 range, which is quite wide. It is currently trading near the high of this range.

When comparing the performance of all stocks over the past year, CVGI turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.

CVGI is part of the Machinery industry. There are 128 other stocks in this industry, CVGI did better than 53% of them.

CVGI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CVGI is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

COMMERCIAL VEHICLE GROUP INC / CVGI Weekly stock chart

COMMERCIAL VEHICLE GROUP INC / CVGI Daily stock chart

Setup Rating and Analysis

CVGI 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.64

2.13

When analyzing the support we can see 4 important areas.

A support zone ranging from 1.97 to 1.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 1.78 to 1.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1.75 from a trend line in the daily time frame.
A support zone ranging from 1.66 to 1.68. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 2.09 to 2.11. This zone is formed by a combination of multiple trend lines in the daily time frame.

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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 CVGI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CVGI is up.
ChartMill Relative Strength	51.12	NEUTRAL	CVGI is not amongst the best or worst performers 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)	59.07	NEUTRAL	The RSI value for CVGI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests CVGI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	86.11	OVERBOUGHT	The high Stochastics value suggests CVGI may be overbought.
Average True Range in percent/ATR (20)	4.81	MEDIUM VOLATILITY	The ATR as a percentage value for CVGI suggests some volalility.
Average Directional Index/ADX (14)	11.9	NEGATIVE	The low ADX value for CVGI suggests a weak or negative trend.