COMMVAULT SYSTEMS INC (CVLT) Stock Technical Analysis
USA - NASDAQ:CVLT - US2041661024 - Common Stock
We assign a technical rating of 0 out of 10 to CVLT. CVLT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of CVLT is bad and it also does not present a quality setup 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
123.83
We found 2 important support areas.
- Support @127.37 from a horizontal line in the weekly time frame.
- Support @125.08 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 129.80 to 130.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | 11.28 | NEGATIVE | CVLT has a low relative strength, it was outperformed by 88.72% 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) | 28.22 | OVERSOLD | The low RSI value suggests CVLT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.54 | NEGATIVE | The MACD value suggests CVLT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.39 | OVERSOLD | The low Stochastics value suggests CVLT may be oversold. |
| Average True Range in percent/ATR (20) | 5.44 | HIGH VOLATILITY | The high ATR as a percentage value for CVLT suggests high volalility. |
| Average Directional Index/ADX (14) | 50.79 | POSITIVE | The high ADX value value for CVLT suggests a strong trend. |
127.38
+0.76 (+0.6%)
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 trend direction for 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 28.2219. This indicates that the stock is currently oversold.
What is the short term momentum for CVLT stock?
The short term momentum for COMMVAULT SYSTEMS INC (CVLT) is negative.
What are the support and resistance levels for COMMVAULT SYSTEMS INC (CVLT) stock?
COMMVAULT SYSTEMS INC (CVLT) has a support level at 127.37 and a resistance level at 129.8. Check the full technical report for our detailed analysis of CVLT support and resistance levels.