CALAVO GROWERS INC (CVGW) Stock Technical Analysis
NASDAQ:CVGW - Nasdaq - US1282461052 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to CVGW. CVGW has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
CVGW is one of the better performing stocks in the Food Products industry, it outperforms 71% of 91 stocks in the same industry.
In the last month CVGW has a been trading in the 25.93 - 27.98 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the performance of all stocks over the past year, CVGW turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
CVGW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CVGW is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, CVGW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
22.51
29.94
We found 3 important support areas.
- Support @26.40 from a horizontal line in the weekly time frame.
- Support @23.91 from a trend line in the daily time frame.
- A support zone ranging from 22.74 to 23.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 26.62 to 26.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 27.68 to 27.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.80 from a horizontal line in the daily time frame.
- A resistance zone ranging from 29.41 to 29.64. 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 | 47.3 | NEUTRAL | CVGW is not amongst the best or worst performers 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 | MIXED | The current price of CVGW is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.29 | NEUTRAL | The RSI value for CVGW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests CVGW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.55 | NEUTRAL | The Stochastics value for CVGW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for CVGW suggests some volalility. |
| Average Directional Index/ADX (14) | 7.88 | NEGATIVE | The low ADX value for CVGW suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
26.41
-0.23 (-0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-0.86%
1 Week-1.01%
2 Weeks-3.93%
1 Month-3.19%
3 Month0.92%
6 Month6.97%
12 Month9.36%
2 Year-30%
3 Year-34.47%
5 Year-54.28%
10 Year-51.55%
15 Year25.05%
Volatility
ATR(14)0.75
ATR(20)%3.01%
ATR Inc-26.12%
Range Today0.56
ADR(20)0.79
ADR(20)%2.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.3
Mansfield-0.51
10 Day High27.59
10 Day Low26.1
20 Day High27.98
20 Day Low25.93
52 Week High30.02
52 Week Low20.3
CS1 End26.4
CR1 Start26.62
Volume & EV
DER(3)-1.1%
DER(5)-0.01%
Volume174.30K
Volume Incr-59.38%
Vol(5)183.40K
Vol(50)360.57K