COMMVAULT SYSTEMS INC (CVLT) Stock Technical Analysis
NASDAQ:CVLT - Nasdaq - US2041661024 - Common Stock - Currency: USD
Taking everything into account, CVLT scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CVLT has proven to be a steady performer, scoring decent points in every aspect analyzed.
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.
Looking at the yearly performance, CVLT did better than 92% of all other stocks. We also observe that the gains produced by CVLT over the past year are nicely spread over this period.
CVLT is part of the Software industry. There are 283 other stocks in this industry. CVLT outperforms 84% of them.
CVLT 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 CVLT is performing more or less in line with the market.
CVLT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Besides having an excellent technical rating, CVLT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 174.42, a Stop Loss order could be placed below this zone.
More info and screens
140.10
176.17
We found 3 important support areas.
- A support zone ranging from 174.28 to 174.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @144.89 from a trend line in the weekly time frame.
- Support @141.52 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 | UP | POSITIVE | The long term trend for CVLT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CVLT is neutral. |
| ChartMill Relative Strength | 92.5 | POSITIVE | CVLT has a high relative strength, it outperformed 92.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVLT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVLT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVLT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.29 | NEUTRAL | The RSI value for CVLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests CVLT has a negative trend. |
| Stochastics (14,3) | 45.72 | NEUTRAL | The Stochastics value for CVLT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for CVLT suggests some volalility. |
| Average Directional Index/ADX (14) | 16.58 | NEGATIVE | The low ADX value for CVLT suggests a weak or negative 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)
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 |
|---|---|---|---|
| 182.86 | 174.27 | 8.59 (4.70%) | 21.29% |
| An entry @182.86. This is a Buy Stop order right above the 10 day high. | An exit @174.27. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 8.59 points, which is 4.70%. | For a 1.00% total portfolio risk, you can invest 21.29% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CVLT. 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.
174.43
-0.97 (-0.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.55%
1 Week-2.03%
2 Weeks2.25%
1 Month5.39%
3 Month2.24%
6 Month-0.1%
12 Month57.71%
2 Year150.29%
3 Year185.9%
5 Year331.12%
10 Year292.6%
15 Year673.87%
Volatility
ATR(14)5.87
ATR(20)%3.56%
ATR Inc-35.07%
Range Today5.44
ADR(20)5.81
ADR(20)%3.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.5
Mansfield1.26
10 Day High182.85
10 Day Low170
20 Day High182.85
20 Day Low162
52 Week High190.11
52 Week Low105.76
CS1 End174.42
CR1 StartN/A
Volume & EV
DER(3)1.31%
DER(5)1.27%
Volume265.50K
Volume Incr-28.81%
Vol(5)363.50K
Vol(50)462.44K