COMMVAULT SYSTEMS INC (CVLT) Stock Technical Analysis
NASDAQ:CVLT - Nasdaq - US2041661024 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to CVLT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CVLT is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, CVLT did better than 92% of all other stocks. On top of that, CVLT also shows a nice and consistent pattern of rising prices.
CVLT is part of the Software industry. There are 284 other stocks in this industry. CVLT outperforms 84% of them.
CVLT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CVLT is leading the market.
In the last month CVLT has a been trading in the 170.00 - 192.01 range, which is quite wide. It is currently trading near the high of this range.
CVLT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 188.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 187.90, a Stop Loss order could be placed below this zone.
More info and screens
140.38
192.91
We found 4 important support areas.
- A support zone ranging from 183.03 to 187.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 174.39 to 175.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @148.83 from a trend line in the weekly time frame.
- A support zone ranging from 141.80 to 142.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 188.58 to 191.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for CVLT is up. |
| ChartMill Relative Strength | 92.02 | POSITIVE | CVLT has a high relative strength, it outperformed 92.02% 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) | 60.01 | NEUTRAL | The RSI value for CVLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests CVLT has a negative trend. |
| Stochastics (14,3) | 70.79 | NEUTRAL | The Stochastics value for CVLT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for CVLT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.76 | NEUTRAL | The ADX value for CVLT suggests a possible start of a new 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 |
|---|---|---|---|
| 191.01 | 183.02 | 7.99 (4.18%) | 23.91% |
| An entry @191.01. This is a Buy Stop order right above the resistance zone. | An exit @183.02. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.99 points, which is 4.18%. | When investing 23.91% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
188
+0.46 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.25%
1 Week0.45%
2 Weeks2.6%
1 Month5.53%
3 Month16.39%
6 Month18.44%
12 Month57.1%
2 Year158.88%
3 Year198.89%
5 Year385.79%
10 Year343.29%
15 Year735.56%
Volatility
ATR(14)5.68
ATR(20)%2.77%
ATR Inc-24.02%
Range Today4.51
ADR(20)5.11
ADR(20)%2.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.02
Mansfield1.44
10 Day High192.01
10 Day Low180.93
20 Day High192.01
20 Day Low170
52 Week High192.01
52 Week Low118.07
CS1 End187.9
CR1 Start188.58
Volume & EV
DER(3)0.61%
DER(5)0.09%
Volume314.50K
Volume Incr-16.18%
Vol(5)391.12K
Vol(50)475.34K