CALAVO GROWERS INC (CVGW) Stock Technical Analysis
NASDAQ:CVGW - Nasdaq - US1282461052 - Common Stock - Currency: USD
Overall CVGW gets a technical rating of 4 out of 10. In the last year, CVGW was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
CVGW is part of the Food Products industry. There are 91 other stocks in this industry. CVGW outperforms 73% of them.
CVGW is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When compared to the yearly performance of all other stocks, CVGW outperforms 49% of them, which is more or less in line with the market.
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.
CVGW has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 27.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.69, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
22.86
29.94
2 important support areas can be observed.
- A support zone ranging from 26.56 to 26.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.09 to 23.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 27.01 to 27.93. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 49.35 | 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 | MIXED | The current price of CVGW is above 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) | 49.26 | NEUTRAL | The RSI value for CVGW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests CVGW has a negative trend. |
| Stochastics (14,3) | 50.12 | NEUTRAL | The Stochastics value for CVGW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for CVGW suggests some volalility. |
| Average Directional Index/ADX (14) | 9.41 | 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)
26.75
+0.07 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg0.26%
1 Week0.15%
2 Weeks-0.52%
1 Month-3.36%
3 Month2.22%
6 Month8.34%
12 Month10.77%
2 Year-29.1%
3 Year-33.62%
5 Year-53.7%
10 Year-50.93%
15 Year26.66%
Volatility
ATR(14)0.85
ATR(20)%3.24%
ATR Inc-14.6%
Range Today0.69
ADR(20)0.86
ADR(20)%3.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.35
Mansfield-0.35
10 Day High27.81
10 Day Low26.05
20 Day High28.15
20 Day Low25.93
52 Week High30.02
52 Week Low20.3
CS1 End26.69
CR1 Start27.01
Volume & EV
DER(3)1.21%
DER(5)1.37%
Volume154.10K
Volume Incr-53.98%
Vol(5)263.56K
Vol(50)361.53K