CVNA Technical Analysis - CARVANA CO

Technical Rating and Analysis

Taking everything into account, CVNA scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CVNA 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, CVNA did better than 94% of all other 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 92% of them.

CVNA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month CVNA has a been trading in the 336.62 - 396.96 range, which is quite wide. It is currently trading near the high of this range.

CVNA has an average volume of 2820300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although CVNA has an excellent technical rating, it 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

207.23

395.81

4 important support areas can be observed.

A support zone ranging from 361.76 to 370.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 351.52 to 356.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @338.60 from a horizontal line in the daily time frame.
Support @209.32 from a trend line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	94.11	POSITIVE	CVNA has a high relative strength, it outperformed 94.11% 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)	64.96	NEUTRAL	The RSI value for CVNA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.36	POSITIVE	The MACD value suggests CVNA has a positive trend.
Stochastics (14,3)	79.5	NEUTRAL	The Stochastics value for CVNA is a neutral value.
Average True Range in percent/ATR (20)	3.68	MEDIUM VOLATILITY	The ATR as a percentage value for CVNA suggests some volalility.
Average Directional Index/ADX (14)	13.46	NEGATIVE	The low ADX value for CVNA suggests a weak or negative trend.