CVENT HOLDING CORP (CVT) Technical Analysis
NASDAQ:CVT • US1266771039
Current stock price
CVT Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to CVT. Both in the recent history as in the last year, CVT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- CVT is one of the better performing stocks in the Software industry, it outperforms 94% of 275 stocks in the same industry.
- A new 52 week high is currently being made by CVT, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so CVT is leading the market.
- CVT has an average volume of 2281660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, CVT did better than 91% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month CVT has a been trading in a tight range between 8.46 and 8.54.
- Volume is considerably higher in the last couple of days.
CVT Weekly and Daily overview Charts
CVT Setup Rating and Analysis
Although CVT has an excellent technical rating, the quality of the presented setup is not ideal 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
CVT Support and Resistance Analysis
5.05
4 important support areas can be observed.
- A support zone ranging from 8.27 to 8.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.17 from a trend line in the weekly time frame.
- Support @5.33 from a trend line in the daily time frame.
- Support @5.10 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.53 to 8.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
CVT 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 CVT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVT is up. |
| ChartMill Relative Strength | 91.56 | POSITIVE | CVT has a high relative strength, it outperformed 91.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.55 | NEUTRAL | The RSI value for CVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CVT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 77.07 | NEUTRAL | The Stochastics value for CVT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.21 | LOW VOLATILITY | The low ATR as a percentage value for CVT suggests low volalility. |
| Average Directional Index/ADX (14) | 44.69 | POSITIVE | The high ADX value value for CVT suggests a strong trend. |
CVT Chart- and CandleStick Pattern Analysis
CVT Technicals: Chart, Performance Metrics, Trend & Indicators
8.52
+0.02 (+0.24%)
CVENT HOLDING CORP / CVT TA FAQ
What is the ChartMill technical rating of CVENT HOLDING CORP (CVT) stock?
ChartMill assigns a technical rating of 7 / 10 to CVT.
What is the trend direction for CVT stock?
The current trend direction for CVENT HOLDING CORP (CVT) is Bullish.
Can you provide the RSI signal for CVENT HOLDING CORP?
CVENT HOLDING CORP (CVT) has an RSI value of 68.5538. This indicates that the stock is currently neutral.
What is the MACD signal for CVENT HOLDING CORP (CVT) stock?
The MACD indicator for CVENT HOLDING CORP (CVT) has a value of -0.00269172, indicating a bearish trend.
Can you provide the short term momentum for CVENT HOLDING CORP?
The short term momentum for CVENT HOLDING CORP (CVT) is positive.