CARVANA CO (CVNA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CVNA - US1468691027 - Common Stock
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.
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.
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231.37
4 important support areas can be observed.
- A support zone ranging from 429.54 to 429.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @320.96 from a trend line in the daily time frame.
- Support @292.09 from a horizontal line in the daily time frame.
- Support @233.71 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @472.74 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 | 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 | 96.71 | POSITIVE | CVNA has a high relative strength, it outperformed 96.71% 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) | 54.94 | NEUTRAL | The RSI value for CVNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.62 | NEGATIVE | The MACD value suggests CVNA has a negative trend. |
| Stochastics (14,3) | 16.07 | OVERSOLD | The low Stochastics value suggests CVNA may be oversold. |
| Average True Range in percent/ATR (20) | 4.47 | MEDIUM VOLATILITY | The ATR as a percentage value for CVNA suggests some volalility. |
| Average Directional Index/ADX (14) | 35.99 | POSITIVE | The high ADX value value for CVNA suggests a strong trend. |
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 |
|---|---|---|---|
| 443.16 | 429.53 | 13.62 (3.07%) | 25.00% |
| An entry @443.15. This is a Buy Stop order right above the 10 day moving average. | An exit @429.53. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 13.62 points, which is 3.07%. | For a 0.77% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CVNA. Please evaluate whether better entry and exit points can be found.
- 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.
429.55
-4 (-0.92%)
CARVANA CO / CVNA FAQ
What is the ChartMill technical rating of CARVANA CO (CVNA) stock?
ChartMill assigns a technical rating of 10 / 10 to CVNA.
What is the trend direction for CVNA stock?
The current trend direction for CARVANA CO (CVNA) is Bullish.
What is the RSI signal for CVNA stock?
CARVANA CO (CVNA) has an RSI value of 54.9374. 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.
Can you provide the buy/sell signal for CARVANA CO?
The buy/sell signal for CARVANA CO (CVNA) is buy as both the short term and long term trends are positive.