CVNA Technical Analysis - CARVANA CO

Technical Rating and Analysis

Taking everything into account, CVNA scores 4 out of 10 in our technical rating. In the last year, CVNA was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.

In the last month CVNA has a been trading in the 327.52 - 401.00 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.

CVNA is part of the Specialty Retail industry. There are 122 other stocks in this industry. CVNA outperforms 91% of them.

CVNA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CVNA is lagging the market slightly.

CVNA has an average volume of 2630470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

Looking at the yearly performance, CVNA did better than 88% of all other stocks. We also observe that the gains produced by CVNA over the past year are nicely spread over this period. However, this overall performance is mostly based on the strong move around 4 months ago.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

186.92

395.81

When analyzing the support we can see 2 important areas.

Support @215.16 from a trend line in the weekly time frame.
Support @188.81 from a trend line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 364.94 to 375.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @391.89 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The long term trend for CVNA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CVNA is down.
ChartMill Relative Strength	88.21	POSITIVE	CVNA has a high relative strength, it outperformed 88.21% off all stocks 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)	33.76	NEUTRAL	The RSI value for CVNA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-5.47	NEGATIVE	The MACD value suggests CVNA has a negative trend.
Stochastics (14,3)	12.73	OVERSOLD	The low Stochastics value suggests CVNA may be oversold.
Average True Range in percent/ATR (20)	5.18	HIGH VOLATILITY	The high ATR as a percentage value for CVNA suggests high volalility.
Average Directional Index/ADX (14)	14.96	NEGATIVE	The low ADX value for CVNA suggests a weak or negative trend.