CARVANA CO (CVNA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CVNA - US1468691027 - Common Stock
357.33 USD
+6.1 (+1.74%)
358.375 USD
+1.05 (+0.29%)
We assign a technical rating of 6 out of 10 to CVNA. In the last year, CVNA was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
CVNA is part of the Specialty Retail industry. There are 122 other stocks in this industry. CVNA outperforms 80% 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 285.02 - 364.20 range, which is quite wide. It is currently trading near the high of this range.
CVNA has an average volume of 3264990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CVNA is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CVNA has an average technical rating and it also does not offer a high 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
193.66
399.37
6 important support areas can be observed.
- A support zone ranging from 315.26 to 320.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @309.87 from a horizontal line in the daily time frame.
- A support zone ranging from 302.13 to 303.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @292.09 from a horizontal line in the daily time frame.
- Support @228.80 from a trend line in the weekly time frame.
- Support @195.62 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 390.17 to 395.42. 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 | NEUTRAL | NEUTRAL | The long term trend for CVNA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVNA is up. |
| ChartMill Relative Strength | 83.04 | POSITIVE | CVNA has a high relative strength, it outperformed 83.04% 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) | DOWN | MIXED | The current price of CVNA is above a declining 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) | 58.66 | NEUTRAL | The RSI value for CVNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 5.4 | POSITIVE | The MACD value suggests CVNA has a positive trend. |
| Stochastics (14,3) | 89.06 | OVERBOUGHT | The high Stochastics value suggests CVNA may be overbought. |
| Average True Range in percent/ATR (20) | 6.22 | HIGH VOLATILITY | The high ATR as a percentage value for CVNA suggests high volalility. |
| Average Directional Index/ADX (14) | 14.86 | 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)
357.33
+6.1 (+1.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg1.74%
1 Week8.36%
2 Weeks8.88%
1 Month0.95%
3 Month-3.92%
6 Month9.22%
12 Month37.21%
2 Year1040.9%
3 Year4534.63%
5 Year42.81%
10 YearN/A
15 YearN/A
Volatility
ATR(14)20.22
ATR(20)%6.22%
ATR Inc-5.05%
Range Today14.01
ADR(20)19.77
ADR(20)%5.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.04
3 months CRS30.19
6 months CRS58.73
Mansfield1.24
10 Day High364.2
10 Day Low305
20 Day High364.2
20 Day Low285.02
52 Week High413.34
52 Week Low148.25
CS1 End320.22
CR1 Start390.17
Volume & EV
DER(3)2.59%
DER(5)0.96%
Volume3.84M
Volume Incr-3.44%
Vol(5)3.55M
Vol(50)3.26M
CARVANA CO / CVNA FAQ
What is the ChartMill technical rating of CARVANA CO (CVNA) stock?
ChartMill assigns a technical rating of 6 / 10 to CVNA.
What is the trend direction for CVNA stock?
The current trend direction for CARVANA CO (CVNA) is Bearish.
What is the RSI signal for CVNA stock?
CARVANA CO (CVNA) has an RSI value of 58.6608. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CARVANA CO?
The short term momentum for CARVANA CO (CVNA) is positive.