CARVANA CO (CVNA) Stock Technical Analysis
NYSE:CVNA - New York Stock Exchange, Inc. - US1468691027 - Common Stock - Currency: USD
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.
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 97% of all stocks. We also observe that the gains produced by CVNA over the past year are nicely spread over this period.
CVNA is one of the better performing stocks in the Specialty Retail industry, it outperforms 96% of 121 stocks in the same industry.
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.
CVNA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
CVNA has an average volume of 3793490 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. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. We notice that large players showed an interest for CVNA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
174.42
347.11
6 important support areas can be observed.
- A support zone ranging from 342.98 to 343.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @334.28 from a trend line in the daily time frame.
- A support zone ranging from 297.02 to 301.63. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @292.09 from a horizontal line in the daily time frame.
- Support @189.84 from a trend line in the weekly time frame.
- Support @176.18 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 | 97.12 | POSITIVE | CVNA has a high relative strength, it outperformed 97.12% 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) | 58.62 | NEUTRAL | The RSI value for CVNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.71 | POSITIVE | The MACD value suggests CVNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.17 | NEUTRAL | The Stochastics value for CVNA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.24 | MEDIUM VOLATILITY | The ATR as a percentage value for CVNA suggests some volalility. |
| Average Directional Index/ADX (14) | 31.06 | POSITIVE | The high ADX value value for CVNA suggests a strong 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 |
|---|---|---|---|
| 364.01 | 342.97 | 21.04 (5.78%) | 17.30% |
| An entry @364.01. This is a Buy Stop order right above the 10 day high. | An exit @342.97. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 21.04 points, which is 5.78%. | For a 1.00% total portfolio risk, you can invest 17.30% 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.
343.67
-1.88 (-0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-0.54%
1 Week-1.34%
2 Weeks12.13%
1 Month0.98%
3 Month66.67%
6 Month78.01%
12 Month152.25%
2 Year647.92%
3 Year1078.97%
5 Year121.79%
10 YearN/A
15 YearN/A
Volatility
ATR(14)13.29
ATR(20)%4.24%
ATR Inc-19.63%
Range Today10.34
ADR(20)13.84
ADR(20)%4.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.12
Mansfield4.3
10 Day High364
10 Day Low306.5
20 Day High364
20 Day Low283.67
52 Week High364
52 Week Low118.5
CS1 End343.66
CR1 StartN/A
Volume & EV
DER(3)4.25%
DER(5)1.51%
Volume1.87M
Volume Incr-36.25%
Vol(5)2.38M
Vol(50)3.79M