COVENANT LOGISTICS GROUP INC (CVLG) Technical Analysis
NYSE:CVLG • US22284P1057
Current stock price
CVLG Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to CVLG. In the last year, CVLG was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that CVLG is one of the better performing stocks in the market, outperforming 84% of all stocks.
- CVLG is part of the Ground Transportation industry. There are 42 other stocks in this industry. CVLG outperforms 85% of them.
- CVLG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CVLG is performing more or less in line with the market.
- In the last month CVLG has a been trading in the 24.42 - 30.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CVLG Weekly and Daily overview Charts
CVLG Setup Rating and Analysis
CVLG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 26.80, a Stop Loss order could be placed below this zone.
More info and screens
CVLG Support and Resistance Analysis
19.31
We found 3 important support areas.
- A support zone ranging from 25.68 to 26.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.60 to 24.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.51 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.51 to 30.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
CVLG Technical Indicator Signal Analysis
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 CVLG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CVLG is neutral. |
| ChartMill Relative Strength | 84.07 | POSITIVE | CVLG has a high relative strength, it outperformed 84.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CVLG is above 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) | UP | POSITIVE | The current price of CVLG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.74 | NEUTRAL | The RSI value for CVLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests CVLG has a positive trend. |
| Stochastics (14,3) | 75.05 | NEUTRAL | The Stochastics value for CVLG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.25 | MEDIUM VOLATILITY | The ATR as a percentage value for CVLG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.01 | NEGATIVE | The low ADX value for CVLG suggests a weak or negative trend. |
CVLG Chart- and CandleStick Pattern Analysis
CVLG Example Setup
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 |
|---|---|---|---|
| 27.65 | 25.67 | 1.98 (7.16%) | 13.96% |
| An entry @27.65. This is a Buy Stop order right above the 10 day high. | An exit @25.67. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.98 points, which is 7.16%. | For a 1.00% total portfolio risk, you can invest 13.96% of your capital in this trade. |
- 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.
CVLG Technicals: Chart, Performance Metrics, Trend & Indicators
26.81
+0.23 (+0.87%)
COVENANT LOGISTICS GROUP INC / CVLG TA FAQ
Can you provide the ChartMill technical rating for COVENANT LOGISTICS GROUP INC?
ChartMill assigns a technical rating of 7 / 10 to CVLG.
What is the current trend direction of COVENANT LOGISTICS GROUP INC (CVLG) stock?
The current trend direction for COVENANT LOGISTICS GROUP INC (CVLG) is Bullish.
Can you provide the RSI signal for COVENANT LOGISTICS GROUP INC?
COVENANT LOGISTICS GROUP INC (CVLG) has an RSI value of 50.7386. This indicates that the stock is currently neutral.
What is the MACD signal for COVENANT LOGISTICS GROUP INC (CVLG) stock?
The MACD indicator for COVENANT LOGISTICS GROUP INC (CVLG) has a value of 0.144441, indicating a bearish trend.