CVLT Technical Analysis - COMMVAULT SYSTEMS INC

Technical Rating and Analysis

Overall CVLT gets a technical rating of 4 out of 10. Although CVLT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Looking at the yearly performance, CVLT did better than 80% of all other stocks. On top of that, CVLT also shows a nice and consistent pattern of rising prices.

CVLT is one of the better performing stocks in the Software industry, it outperforms 72% of 285 stocks in the same industry.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

CVLT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CVLT is lagging the market.

In the last month CVLT has a been trading in the 164.60 - 196.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

COMMVAULT SYSTEMS INC / CVLT Weekly stock chart

COMMVAULT SYSTEMS INC / CVLT Daily stock chart

Setup Rating and Analysis

Although the technical rating is only medium, CVLT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 170.63, a Stop Loss order could be placed below this zone.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

144.36

197.37

We found 3 important support areas.

A support zone ranging from 168.52 to 170.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 163.42 to 165.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @145.82 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 193.37 to 195.42. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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 CVLT is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CVLT is down.
ChartMill Relative Strength	80.47	POSITIVE	CVLT has a high relative strength, it outperformed 80.47% 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)	UP	POSITIVE	The current price of CVLT is above the rising SMA(200).
Relative Strength Index/RSI (14)	45.84	NEUTRAL	The RSI value for CVLT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.4	NEGATIVE	The MACD value suggests CVLT has a negative trend, although the MACD value is rising.
Stochastics (14,3)	36.45	NEUTRAL	The Stochastics value for CVLT is a neutral value.
Average True Range in percent/ATR (20)	3.97	MEDIUM VOLATILITY	The ATR as a percentage value for CVLT suggests some volalility.
Average Directional Index/ADX (14)	25.06	POSITIVE	The high ADX value value for CVLT suggests a strong trend.