Taking everything into account, CVLT scores 0 out of 10 in our technical rating. CVLT 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, CVLT is a bad performer in the overall market: 89% of all stocks are doing better.
- CVLT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month CVLT has a been trading in the 120.21 - 129.41 range, which is quite wide. It is currently trading near the lows of this range.
- CVLT is an average performer in the Software industry, it outperforms 41% of 276 stocks in the same industry.
Although the technical rating is bad, CVLT does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for CVLT 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
116.51
We found 3 important support areas.
- Support @122.16 from a trend line in the weekly time frame.
- Support @119.76 from a horizontal line in the weekly time frame.
- A support zone ranging from 117.69 to 117.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 124.46 to 125.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 128.40 to 128.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @176.16 from a horizontal line in the daily time frame.
- Resistance @190.99 from a horizontal 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 CVLT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CVLT is down. |
| ChartMill Relative Strength | 11.44 | NEGATIVE | CVLT has a low relative strength, it was outperformed by 88.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CVLT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CVLT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CVLT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.67 | NEUTRAL | The RSI value for CVLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CVLT has a negative trend. |
| Stochastics (14,3) | 33.17 | NEUTRAL | The Stochastics value for CVLT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for CVLT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.83 | NEGATIVE | The low ADX value for CVLT suggests a weak or negative trend. |
122.17
-3.02 (-2.41%)
COMMVAULT SYSTEMS INC / CVLT FAQ
Can you provide the ChartMill technical rating for COMMVAULT SYSTEMS INC?
ChartMill assigns a technical rating of 0 / 10 to CVLT.
What is the current trend direction of COMMVAULT SYSTEMS INC (CVLT) stock?
The current trend direction for COMMVAULT SYSTEMS INC (CVLT) is Bearish.
Can you provide the RSI signal for COMMVAULT SYSTEMS INC?
COMMVAULT SYSTEMS INC (CVLT) has an RSI value of 41.672. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for COMMVAULT SYSTEMS INC?
The buy/sell signal for COMMVAULT SYSTEMS INC (CVLT) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for COMMVAULT SYSTEMS INC?
COMMVAULT SYSTEMS INC (CVLT) has a support level at 122.16 and a resistance level at 124.46. Check the full technical report for our detailed analysis of CVLT support and resistance levels.