CALAVO GROWERS INC (CVGW) Technical Analysis
NASDAQ:CVGW • US1282461052
Overall CVGW gets a technical rating of 7 out of 10. Although CVGW is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- CVGW is part of the Food Products industry. There are 88 other stocks in this industry. CVGW outperforms 79% of them.
- CVGW is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CVGW is performing more or less in line with the market.
- When comparing the yearly performance of all stocks, we notice that CVGW is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month CVGW has a been trading in the 24.91 - 27.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
CVGW has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 27.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.87, a Stop Loss order could be placed below this zone.
More info and screens
25.56
When analyzing the support we notice one important area.
- A support zone ranging from 25.82 to 25.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 27.00 to 27.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 27.68 to 27.79. 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 CVGW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CVGW is neutral. |
| ChartMill Relative Strength | 79.74 | POSITIVE | CVGW has a high relative strength, it outperformed 79.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CVGW is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVGW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CVGW is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.69 | NEUTRAL | The RSI value for CVGW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests CVGW has a negative trend. |
| Stochastics (14,3) | 43.09 | NEUTRAL | The Stochastics value for CVGW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for CVGW suggests some volalility. |
| Average Directional Index/ADX (14) | 27.4 | POSITIVE | The high ADX value value for CVGW suggests a strong 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 |
|---|---|---|---|
| 26.44 | 25.81 | 0.63 (2.39%) | 25.00% |
| An entry @26.44. This is a Buy Stop order right above the 10 day moving average. | An exit @25.81. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.63 points, which is 2.39%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.60%. |
- The distance between exit and entry is rather small compared to the average daily movement of CVGW. 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.
CVGW Technicals: Chart, Performance Metrics, Trend & Indicators
25.88
+0.06 (+0.23%)
CALAVO GROWERS INC / CVGW FAQ
What is the technical rating for CVGW stock?
ChartMill assigns a technical rating of 7 / 10 to CVGW.
Can you provide the trend direction for CALAVO GROWERS INC?
The current trend direction for CALAVO GROWERS INC (CVGW) is Bullish.
Can you provide the RSI signal for CALAVO GROWERS INC?
CALAVO GROWERS INC (CVGW) has an RSI value of 51.6919. This indicates that the stock is currently neutral.
What is the support and resistance level for CVGW stock?
CALAVO GROWERS INC (CVGW) has a support level at 25.87 and a resistance level at 27. Check the full technical report for our detailed analysis of CVGW support and resistance levels.