CARVANA CO (CVNA) Stock Technical Analysis
USA - NYSE:CVNA - US1468691027 - Common Stock
309.68 USD
-0.11 (-0.04%)
307.7 USD
-1.98 (-0.64%)
Overall CVNA gets a technical rating of 1 out of 10. CVNA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month CVNA has a been trading in the 298.08 - 372.31 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
CVNA has an average volume of 2981050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When compared to the yearly performance of all other stocks, CVNA outperforms 67% of them, which is more or less in line with the market.
CVNA is part of the Specialty Retail industry. There are 121 other stocks in this industry, CVNA did better than 68% of them.
CVNA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CVNA is lagging the market.
Although the technical rating is bad, CVNA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 309.03, a Stop Loss order could be placed below this zone.
More info and screens
190.77
394.07
3 important support areas can be observed.
- A support zone ranging from 305.06 to 309.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @222.96 from a trend line in the weekly time frame.
- Support @192.70 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 332.34 to 339.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 351.21 to 351.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @390.17 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for CVNA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CVNA is down. |
| ChartMill Relative Strength | 67.45 | NEUTRAL | CVNA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CVNA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CVNA is below 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) | 40.22 | NEUTRAL | The RSI value for CVNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.26 | NEGATIVE | The MACD value suggests CVNA has a negative trend. |
| Stochastics (14,3) | 25.85 | NEUTRAL | The Stochastics value for CVNA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.57 | HIGH VOLATILITY | The high ATR as a percentage value for CVNA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.34 | NEUTRAL | The ADX value for CVNA suggests a possible start of a new 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)
309.68
-0.11 (-0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-0.04%
1 Week-12.51%
2 Weeks-5.26%
1 Month-14.19%
3 Month-10.9%
6 Month15.5%
12 Month26.74%
2 Year888.76%
3 Year3916.6%
5 Year23.77%
10 YearN/A
15 YearN/A
Volatility
ATR(14)24.2
ATR(20)%7.57%
ATR Inc-10.85%
Range Today20.09
ADR(20)20.62
ADR(20)%6.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.45
3 months CRS15.26
6 months CRS67.47
Mansfield-0.15
10 Day High372.31
10 Day Low298.08
20 Day High372.31
20 Day Low298.08
52 Week High413.34
52 Week Low148.25
CS1 End309.03
CR1 Start332.34
Volume & EV
DER(3)-1.92%
DER(5)-2.4%
Volume3.48M
Volume Incr112.68%
Vol(5)6.03M
Vol(50)2.98M
CARVANA CO / CVNA FAQ
What is the ChartMill technical rating of CARVANA CO (CVNA) stock?
ChartMill assigns a technical rating of 1 / 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 40.2162. 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 negative.