CALAVO GROWERS INC (CVGW) Stock Technical Analysis
USA - NASDAQ:CVGW - US1282461052 - Common Stock
We assign a technical rating of 0 out of 10 to CVGW. CVGW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of CVGW is bad and it also does not present a quality setup 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
21.57
When analyzing the support we notice one important area.
- Support @21.79 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 22.41 to 22.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 27.49 to 28.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @29.41 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for CVGW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CVGW is down. |
| ChartMill Relative Strength | 13.24 | NEGATIVE | CVGW has a low relative strength, it was outperformed by 86.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CVGW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CVGW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CVGW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 21.69 | OVERSOLD | The low RSI value suggests CVGW may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CVGW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.8 | OVERSOLD | The low Stochastics value suggests CVGW may be oversold. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for CVGW suggests some volalility. |
| Average Directional Index/ADX (14) | 39.84 | POSITIVE | The high ADX value value for CVGW suggests a strong trend. |
21.8
+0.01 (+0.05%)
CALAVO GROWERS INC / CVGW FAQ
What is the technical rating for CVGW stock?
ChartMill assigns a technical rating of 0 / 10 to CVGW.
What is the trend direction for CVGW stock?
The current trend direction for CALAVO GROWERS INC (CVGW) is Bearish.
What is the RSI signal for CVGW stock?
CALAVO GROWERS INC (CVGW) has an RSI value of 21.6883. This indicates that the stock is currently oversold.
What is the short term momentum for CALAVO GROWERS INC (CVGW) stock?
The short term momentum for CALAVO GROWERS INC (CVGW) is negative.
What is the support and resistance level for CVGW stock?
CALAVO GROWERS INC (CVGW) has a support level at 21.79 and a resistance level at 22.41. Check the full technical report for our detailed analysis of CVGW support and resistance levels.