COVENANT LOGISTICS GROUP INC (CVLG) Stock Technical Analysis
NYSE:CVLG • US22284P1057
Taking everything into account, CVLG scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, CVLG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- CVLG is part of the Ground Transportation industry. There are 42 other stocks in this industry. CVLG outperforms 90% of them.
- CVLG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CVLG has a been trading in the 23.54 - 30.18 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that CVLG is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- Volume is considerably higher in the last couple of days.
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 resistance zone just above the current price starting at 29.41. Right above this resistance zone may be a good entry point. 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
19.19
When analyzing the support we can see 5 important areas.
- A support zone ranging from 27.73 to 28.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @26.41 from a trend line in the daily time frame.
- Support @23.38 from a horizontal line in the daily time frame.
- Support @22.00 from a horizontal line in the daily time frame.
- Support @19.38 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 29.41 to 29.63. 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 CVLG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVLG is up. |
| ChartMill Relative Strength | 86.9 | POSITIVE | CVLG has a high relative strength, it outperformed 86.9% 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) | UP | POSITIVE | The current price of CVLG is above 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) | 64.91 | NEUTRAL | The RSI value for CVLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CVLG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.04 | OVERBOUGHT | The high Stochastics value suggests CVLG may be overbought. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for CVLG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.83 | NEUTRAL | The ADX value for CVLG suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 29.64 | 27.72 | 1.92 (6.48%) | 15.44% |
| An entry @29.64. This is a Buy Stop order right above the resistance zone. | An exit @27.72. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.92 points, which is 6.48%. | When investing 15.44% 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 CVLG. 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.
NYSE:CVLG (2/20/2026, 1:05:59 PM)
29.41
+0.01 (+0.03%)
COVENANT LOGISTICS GROUP INC / CVLG FAQ
Can you provide the ChartMill technical rating for COVENANT LOGISTICS GROUP INC?
ChartMill assigns a technical rating of 9 / 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 64.907. 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 0.020649, indicating a bearish trend.
Can you provide the buy/sell signal for COVENANT LOGISTICS GROUP INC?
The buy/sell signal for COVENANT LOGISTICS GROUP INC (CVLG) is buy as both the short term and long term trends are positive.