CALAVO GROWERS INC (CVGW) Stock Technical Analysis
NASDAQ:CVGW - Nasdaq - US1282461052 - Common Stock - Currency: USD
We assign a technical rating of 6 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 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 one of the better performing stocks in the Food Products industry, it outperforms 80% of 91 stocks in the same industry.
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 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 69% 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.
Although the technical rating is only medium, CVGW does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 27.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.88, 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
22.51
29.94
When analyzing the support we can see 2 important areas.
- A support zone ranging from 26.53 to 26.58. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A support zone ranging from 22.74 to 23.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 26.71 to 27.04. 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 27.53 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 | 69.84 | 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) | UP | MIXED | The current price of CVGW is below 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) | 49.37 | 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) | 74.48 | NEUTRAL | The Stochastics value for CVGW is a neutral value. |
| Average True Range in percent/ATR (20) | 4.83 | MEDIUM VOLATILITY | The ATR as a percentage value for CVGW suggests some volalility. |
| Average Directional Index/ADX (14) | 12.49 | 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)
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 |
|---|---|---|---|
| 27.94 | 26.51 | 1.43 (5.12%) | 19.54% |
| An entry @27.94. This is a Buy Stop order right above the resistance zone. | An exit @26.51. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.43 points, which is 5.12%. | When investing 19.54% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
26.59
-0.3 (-1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-1.12%
1 Week-1.85%
2 Weeks-3.87%
1 Month-3.48%
3 Month12.77%
6 Month4.36%
12 Month20.53%
2 Year-8.37%
3 Year-36.27%
5 Year-57.73%
10 Year-48.8%
15 Year48.05%
Volatility
ATR(14)1.47
ATR(20)%4.83%
ATR Inc-46.69%
Range Today0.73
ADR(20)1.03
ADR(20)%3.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.84
Mansfield-0.29
10 Day High28.15
10 Day Low25.93
20 Day High28.15
20 Day Low22.39
52 Week High30.02
52 Week Low20.3
CS1 End26.88
CR1 Start27.15
Volume & EV
DER(3)0.52%
DER(5)1.62%
Volume228.58K
Volume Incr-37.68%
Vol(5)342.10K
Vol(50)375.59K