CARVANA CO (CVNA) Technical Analysis
NYSE:CVNA • US1468691027
Current stock price
CVNA Technical Rating and Analysis
Overall CVNA gets a technical rating of 5 out of 10. Although CVNA has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Looking at the yearly performance, CVNA did better than 79% of all other stocks.
- CVNA is one of the better performing stocks in the Specialty Retail industry, it outperforms 77% of 122 stocks in the same industry.
- In the last month CVNA has a been trading in the 272.32 - 386.00 range, which is quite wide. It is currently trading near the high of this range.
- CVNA has an average volume of 3689450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CVNA Weekly and Daily overview Charts
CVNA Setup Rating and Analysis
CVNA has an average technical rating and it also 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.
More info and screens
CVNA Support and Resistance Analysis
212.91
2 important support areas can be observed.
- Support @290.78 from a trend line in the weekly time frame.
- Support @215.06 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @374.22 from a horizontal line in the daily time frame.
CVNA 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 | NEUTRAL | NEUTRAL | The long term trend for CVNA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVNA is up. |
| ChartMill Relative Strength | 79.4 | POSITIVE | CVNA has a high relative strength, it outperformed 79.4% 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) | DOWN | MIXED | The current price of CVNA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CVNA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.06 | NEUTRAL | The RSI value for CVNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 8.52 | POSITIVE | The MACD value suggests CVNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.76 | OVERBOUGHT | The high Stochastics value suggests CVNA may be overbought. |
| Average True Range in percent/ATR (20) | 5.62 | HIGH VOLATILITY | The high ATR as a percentage value for CVNA suggests high volalility. |
| Average Directional Index/ADX (14) | 25.49 | POSITIVE | The high ADX value value for CVNA suggests a strong trend. |
CVNA Chart- and CandleStick Pattern Analysis
CVNA Technicals: Chart, Performance Metrics, Trend & Indicators
362.24
-8.84 (-2.38%)
CARVANA CO / CVNA TA FAQ
What is the technical rating for CVNA stock?
ChartMill assigns a technical rating of 5 / 10 to CVNA.
Can you provide the trend direction for CARVANA CO?
The current trend direction for CARVANA CO (CVNA) is Bearish.
What is the RSI signal for CARVANA CO (CVNA) stock?
CARVANA CO (CVNA) has an RSI value of 61.0627. This indicates that the stock is currently neutral.
What is the MACD signal for CVNA stock?
The MACD indicator for CARVANA CO (CVNA) has a value of 8.52329, indicating a bullish trend.
What is the short term momentum for CARVANA CO (CVNA) stock?
The short term momentum for CARVANA CO (CVNA) is positive.