COVENANT LOGISTICS GROUP INC (CVLG) Stock Technical Analysis
USA - NYSE:CVLG - US22284P1057 - Common Stock
Taking everything into account, CVLG scores 0 out of 10 in our technical rating. CVLG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
CVLG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
19.38
We can see 5 important resistance areas.
- Resistance @21.04 from a trend line in the daily time frame.
- A resistance zone ranging from 21.54 to 22.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.38 from a horizontal line in the daily time frame.
- Resistance @24.96 from a trend line in the weekly time frame.
- Resistance @25.59 from a trend line in the daily 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 | DOWN | NEGATIVE | The short term trend for CVLG is down. |
| ChartMill Relative Strength | 12.44 | NEGATIVE | CVLG has a low relative strength, it was outperformed by 87.56% off all stocks 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) | DOWN | NEGATIVE | The current price of CVLG is below 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) | 36.81 | NEUTRAL | The RSI value for CVLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CVLG has a negative trend. |
| Stochastics (14,3) | 14.82 | OVERSOLD | The low Stochastics value suggests CVLG may be oversold. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for CVLG suggests some volalility. |
| Average Directional Index/ADX (14) | 35.8 | POSITIVE | The high ADX value value for CVLG suggests a strong trend. |
19.58
+0.17 (+0.88%)
COVENANT LOGISTICS GROUP INC / CVLG FAQ
Can you provide the ChartMill technical rating for COVENANT LOGISTICS GROUP INC?
ChartMill assigns a technical rating of 0 / 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 36.8109. 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 negative.
What is the support and resistance level for CVLG stock?
COVENANT LOGISTICS GROUP INC (CVLG) has a resistance level at 21.04. Check the full technical report for our detailed analysis of CVLG support and resistance levels.