COVENANT LOGISTICS GROUP INC (CVLG) Stock Technical Analysis
NYSE:CVLG - New York Stock Exchange, Inc. - US22284P1057 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to CVLG. CVLG has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When compared to the yearly performance of all other stocks, CVLG outperforms 57% of them, which is more or less in line with the market.
CVLG is part of the Ground Transportation industry. There are 40 other stocks in this industry, CVLG did better than 66% of them.
CVLG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CVLG is lagging the market.
In the last month CVLG has a been trading in the 23.44 - 26.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CVLG has an excellent technical rating, it does not present a decent entry opportunity 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
23.31
26.07
When analyzing the support we can see 2 important areas.
- A support zone ranging from 25.41 to 25.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 23.55 to 23.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.73 to 25.81. 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 | UP | POSITIVE | The short term trend for CVLG is up. |
| ChartMill Relative Strength | 57.86 | NEUTRAL | CVLG is not amongst the best or worst performers 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) | 59.83 | NEUTRAL | The RSI value for CVLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests CVLG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.78 | NEUTRAL | The Stochastics value for CVLG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for CVLG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.09 | NEUTRAL | The ADX value for CVLG suggests a possible start of a new 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)
NYSE:CVLG (7/25/2025, 10:24:15 AM)
25.58
+0.39 (+1.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg1.55%
1 Week3.92%
2 Weeks-2.4%
1 Month6.29%
3 Month27.35%
6 Month-10.42%
12 Month-10.1%
2 Year-8%
3 Year50.52%
5 Year198.99%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.85
ATR(20)%3.27%
ATR Inc88.67%
Range Today0.23
ADR(20)0.77
ADR(20)%3.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.86
Mansfield-0.81
10 Day High26.62
10 Day Low23.44
20 Day High26.62
20 Day Low23.44
52 Week High30.77
52 Week Low17.46
CS1 End23.92
CR1 Start25.41
Volume & EV
DER(3)-1.2%
DER(5)-2.47%
Volume8.46K
Volume Incr-9.66%
Vol(5)125.84K
Vol(50)143.20K