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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that CVNA is one of the better performing stocks in the market, outperforming 98% of all 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 120 other stocks in this industry. CVNA outperforms 97% 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.
CVNA has an average volume of 4494550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CVNA has a been trading in the 290.00 - 351.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CVNA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
170.57
349.11
When analyzing the support we can see 2 important areas.
- Support @182.05 from a trend line in the weekly time frame.
- A support zone ranging from 172.29 to 173.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 336.68 to 345.65. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 98.41 | POSITIVE | CVNA has a high relative strength, it outperformed 98.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CVNA is below 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) | 55.79 | NEUTRAL | The RSI value for CVNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.92 | NEGATIVE | The MACD value suggests CVNA has a negative trend. |
| Stochastics (14,3) | 67.74 | NEUTRAL | The Stochastics value for CVNA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.84 | MEDIUM VOLATILITY | The ATR as a percentage value for CVNA suggests some volalility. |
| Average Directional Index/ADX (14) | 52.7 | 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)
318.95
-21.37 (-6.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-6.28%
1 Week-7.09%
2 Weeks-0.22%
1 Month4.4%
3 Month76.04%
6 Month28.48%
12 Month209.48%
2 Year1130.52%
3 Year1312.53%
5 Year165.35%
10 YearN/A
15 YearN/A
Volatility
ATR(14)12.26
ATR(20)%3.84%
ATR Inc35.4%
Range Today19.78
ADR(20)11.62
ADR(20)%3.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.41
Mansfield4.59
10 Day High351.43
10 Day Low316.19
20 Day High351.43
20 Day Low290
52 Week High351.43
52 Week Low100.05
CS1 End182.05
CR1 Start336.68
Volume & EV
DER(3)-0.66%
DER(5)-1.38%
Volume4.74M
Volume Incr-28.1%
Vol(5)3.11M
Vol(50)4.49M