CARVANA CO (CVNA) Stock Technical Analysis
NYSE:CVNA - US1468691027 - Common Stock
371.92 USD
-5.46 (-1.45%)
370.65 USD
-1.27 (-0.34%)
Overall CVNA gets a technical rating of 10 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, CVNA did better than 95% of all other stocks. We also observe that the gains produced by CVNA over the past year are nicely spread over this period.
CVNA is part of the Specialty Retail industry. There are 122 other stocks in this industry. CVNA outperforms 93% of them.
CVNA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CVNA is lagging the market slightly.
In the last month CVNA has a been trading in the 318.17 - 378.54 range, which is quite wide. It is currently trading near the high of this range.
CVNA has an average volume of 3054460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, CVNA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 359.02, a Stop Loss order could be placed below this zone.
More info and screens
201.45
375.64
We found 3 important support areas.
- A support zone ranging from 351.72 to 359.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @326.08 from a horizontal line in the daily time frame.
- Support @203.48 from a trend line in the weekly 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 | 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 | 95.48 | POSITIVE | CVNA has a high relative strength, it outperformed 95.48% 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) | 58.81 | NEUTRAL | The RSI value for CVNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.26 | POSITIVE | The MACD value suggests CVNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.38 | OVERBOUGHT | The high Stochastics value suggests CVNA may be overbought. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for CVNA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.77 | NEGATIVE | The low ADX value for CVNA suggests a weak or negative 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 |
|---|---|---|---|
| 378.55 | 351.71 | 26.84 (7.09%) | 14.10% |
| An entry @378.55. This is a Buy Stop order right above the 10 day high. | An exit @351.71. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 26.84 points, which is 7.09%. | For a 1.00% total portfolio risk, you can invest 14.10% of your capital in this trade. |
- 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.
371.92
-5.46 (-1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-1.45%
1 Week3.94%
2 Weeks6.27%
1 Month1.13%
3 Month13.68%
6 Month59.55%
12 Month146.93%
2 Year638.67%
3 Year1027.37%
5 Year72.22%
10 YearN/A
15 YearN/A
Volatility
ATR(14)14.58
ATR(20)%4.06%
ATR Inc-24.94%
Range Today12.32
ADR(20)14.75
ADR(20)%3.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.48
Mansfield3.56
10 Day High378.54
10 Day Low318.17
20 Day High378.54
20 Day Low318.17
52 Week High413.34
52 Week Low124.39
CS1 End359.02
CR1 StartN/A
Volume & EV
DER(3)1.9%
DER(5)1.81%
Volume1.84M
Volume Incr-33.41%
Vol(5)2.24M
Vol(50)3.05M