COVENANT LOGISTICS GROUP INC (CVLG) Stock Technical Analysis
USA - NYSE:CVLG - US22284P1057 - Common Stock
20.92 USD
-0.1 (-0.48%)
Overall CVLG gets a technical rating of 0 out of 10. CVLG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CVLG is a bad performer in the overall market: 86% of all stocks are doing better.
CVLG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CVLG has a been trading in the 20.36 - 23.75 range, which is quite wide. It is currently trading near the lows of this range.
CVLG is an average performer in the Ground Transportation industry, it outperforms 51% of 42 stocks in the same industry.
Although the technical rating is bad, CVLG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for CVLG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
20.33
25.46
When analyzing the support we notice one important area.
- Support @20.54 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 21.64 to 21.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @22.04 from a horizontal line in the daily time frame.
- A resistance zone ranging from 22.91 to 22.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @23.38 from a horizontal line in the daily time frame.
- Resistance @25.21 from a trend line in the weekly 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 | 14.93 | NEGATIVE | CVLG has a low relative strength, it was outperformed by 85.07% 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) | 40.53 | NEUTRAL | The RSI value for CVLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CVLG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.67 | NEUTRAL | The Stochastics value for CVLG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for CVLG suggests some volalility. |
| Average Directional Index/ADX (14) | 36.64 | POSITIVE | The high ADX value value for CVLG suggests a strong 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 (10/15/2025, 3:06:59 PM)
20.92
-0.1 (-0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg-0.48%
1 Week-0.94%
2 Weeks-2.95%
1 Month-10.71%
3 Month-10.74%
6 Month14.05%
12 Month-20.27%
2 Year6.47%
3 Year11.1%
5 Year205.3%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.7
ATR(20)%3.42%
ATR Inc-15.3%
Range Today0.54
ADR(20)0.72
ADR(20)%3.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.93
Mansfield-2.17
10 Day High22.1
10 Day Low20.36
20 Day High23.75
20 Day Low20.36
52 Week High30.77
52 Week Low17.46
CS1 End20.54
CR1 Start21.64
Volume & EV
DER(3)3.44%
DER(5)3.25%
Volume24.67K
Volume Incr-34.94%
Vol(5)74.78K
Vol(50)88.28K