COVENANT LOGISTICS GROUP INC (CVLG) Stock Technical Analysis
NYSE:CVLG - New York Stock Exchange, Inc. - US22284P1057 - Common Stock - Currency: USD
Taking everything into account, CVLG scores 3 out of 10 in our technical rating. CVLG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month CVLG has a been trading in the 23.18 - 26.61 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, CVLG outperforms 40% of them, which is more or less in line with the market.
CVLG is an average performer in the Ground Transportation industry, it outperforms 66% of 40 stocks in the same industry.
CVLG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CVLG is lagging the market slightly.
The technical rating of CVLG 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
23.03
26.47
When analyzing the support we notice one important area.
- A support zone ranging from 23.26 to 23.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.93 to 26.21. 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 | NEUTRAL | NEUTRAL | The long term trend for CVLG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CVLG is down. |
| ChartMill Relative Strength | 40.18 | NEUTRAL | CVLG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CVLG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CVLG is below the rising 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) | 41.15 | NEUTRAL | The RSI value for CVLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests CVLG has a negative trend. |
| Stochastics (14,3) | 17.99 | OVERSOLD | The low Stochastics value suggests CVLG may be oversold. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for CVLG suggests some volalility. |
| Average Directional Index/ADX (14) | 19.86 | NEGATIVE | The low ADX value for CVLG 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)
23.27
-0.88 (-3.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg-3.64%
1 Week-11.22%
2 Weeks-1.19%
1 Month-9.56%
3 Month11.39%
6 Month-16.02%
12 Month-10.6%
2 Year-5.35%
3 Year65.51%
5 Year153.9%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.88
ATR(20)%3.67%
ATR Inc-21.95%
Range Today0.67
ADR(20)0.79
ADR(20)%3.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.18
Mansfield-1.3
10 Day High26.62
10 Day Low23.18
20 Day High26.62
20 Day Low23.18
52 Week High30.77
52 Week Low17.46
CS1 End23.26
CR1 Start25.93
Volume & EV
DER(3)0.58%
DER(5)0.24%
Volume91.00K
Volume Incr-24.15%
Vol(5)100.00K
Vol(50)138.99K