COVENANT LOGISTICS GROUP INC (CVLG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CVLG - US22284P1057 - Common Stock
We assign a technical rating of 1 out of 10 to CVLG. CVLG 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 CVLG is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
17.55
We found 2 important support areas.
- A support zone ranging from 20.47 to 20.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.73 to 17.73. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- Resistance @23.38 from a horizontal line in the daily time frame.
- Resistance @24.63 from a trend 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 CVLG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CVLG is neutral. |
| ChartMill Relative Strength | 15.02 | NEGATIVE | CVLG has a low relative strength, it was outperformed by 84.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVLG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CVLG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CVLG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.81 | NEUTRAL | The RSI value for CVLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests CVLG has a positive trend. |
| Stochastics (14,3) | 91.29 | OVERBOUGHT | The high Stochastics value suggests CVLG may be overbought. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for CVLG suggests some volalility. |
| Average Directional Index/ADX (14) | 29.57 | POSITIVE | The high ADX value value for CVLG suggests a strong trend. |
NYSE:CVLG (12/2/2025, 1:48:43 PM)
20.6
+0.14 (+0.68%)
COVENANT LOGISTICS GROUP INC / CVLG FAQ
Can you provide the ChartMill technical rating for COVENANT LOGISTICS GROUP INC?
ChartMill assigns a technical rating of 1 / 10 to CVLG.
Can you provide the trend direction for COVENANT LOGISTICS GROUP INC?
The current trend direction for COVENANT LOGISTICS GROUP INC (CVLG) is Bearish.
Can you provide the RSI signal for COVENANT LOGISTICS GROUP INC?
COVENANT LOGISTICS GROUP INC (CVLG) has an RSI value of 57.8128. This indicates that the stock is currently neutral.
What is the short term momentum for COVENANT LOGISTICS GROUP INC (CVLG) stock?
The short term momentum for COVENANT LOGISTICS GROUP INC (CVLG) is neutral.
What is the support and resistance level for CVLG stock?
COVENANT LOGISTICS GROUP INC (CVLG) has a support level at 17.73 and a resistance level at 20.47. Check the full technical report for our detailed analysis of CVLG support and resistance levels.