CARVANA CO (CVNA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CVNA - US1468691027 - Common Stock
Taking everything into account, CVNA scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CVNA has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that CVNA is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, CVNA also shows a nice and consistent pattern of rising prices.
- CVNA is part of the Specialty Retail industry. There are 121 other stocks in this industry. CVNA outperforms 93% of them.
- A new 52 week high is currently being made by CVNA, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month CVNA has a been trading in the 390.87 - 486.89 range, which is quite wide. It is currently trading near the high of this range.
- CVNA has an average volume of 3921500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CVNA has an excellent technical rating, but the quality of the setup is only medium 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.
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236.80
When analyzing the support we can see 4 important areas.
- A support zone ranging from 442.28 to 447.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @325.42 from a trend line in the daily time frame.
- Support @292.09 from a horizontal line in the daily time frame.
- Support @239.19 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 473.32 to 478.46. 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 CVNA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVNA is up. |
| ChartMill Relative Strength | 94.47 | POSITIVE | CVNA has a high relative strength, it outperformed 94.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVNA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVNA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVNA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.99 | NEUTRAL | The RSI value for CVNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CVNA has a positive trend. |
| Stochastics (14,3) | 86.8 | OVERBOUGHT | The high Stochastics value suggests CVNA may be overbought. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for CVNA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.79 | NEGATIVE | The low ADX value for CVNA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 478.47 | 442.27 | 36.20 (7.57%) | 13.22% |
| An entry @478.47. This is a Buy Stop order right above the resistance zone. | An exit @442.27. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 36.20 points, which is 7.57%. | When investing 13.22% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
473.31
-5.14 (-1.07%)
CARVANA CO / CVNA FAQ
What is the technical rating for CVNA stock?
ChartMill assigns a technical rating of 10 / 10 to CVNA.
Can you provide the trend direction for CARVANA CO?
The current trend direction for CARVANA CO (CVNA) is Bullish.
What is the RSI signal for CVNA stock?
CARVANA CO (CVNA) has an RSI value of 60.9912. This indicates that the stock is currently neutral.
What is the short term momentum for CARVANA CO (CVNA) stock?
The short term momentum for CARVANA CO (CVNA) is positive.
What is the buy/sell signal for CARVANA CO (CVNA) stock?
The buy/sell signal for CARVANA CO (CVNA) is buy as both the short term and long term trends are positive.