Covenant Transportn (CVTI) Technical Analysis
NASDAQ:CVTI
Current stock price
CVTI Technical Rating and Analysis
Taking everything into account, CVTI scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CVTI is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- In the last month CVTI has a been trading in the 11.68 - 14.66 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, CVTI did better than 92% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- CVTI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CVTI is lagging the market slightly.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CVTI Weekly and Daily overview Charts
CVTI Setup Rating and Analysis
CVTI has an excellent technical rating, but the quality of the setup is only medium 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
CVTI Support and Resistance Analysis
12.19
We found 3 important support areas.
- A support zone ranging from 13.76 to 13.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 13.15 to 13.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 12.31 to 12.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 14.41 to 14.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
CVTI 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 CVTI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVTI is up. |
| ChartMill Relative Strength | 92.14 | POSITIVE | CVTI has a high relative strength, it outperformed 92.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVTI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVTI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CVTI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.27 | NEUTRAL | The RSI value for CVTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CVTI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 82.64 | OVERBOUGHT | The high Stochastics value suggests CVTI may be overbought. |
| Average True Range in percent/ATR (20) | 5.7 | HIGH VOLATILITY | The high ATR as a percentage value for CVTI suggests high volalility. |
CVTI Chart- and CandleStick Pattern Analysis
CVTI Example Setup
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 |
|---|---|---|---|
| 14.45 | 13.75 | 0.70 (4.84%) | 20.64% |
| An entry @14.45. This is a Buy Stop order right above the resistance zone. | An exit @13.75. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.70 points, which is 4.84%. | When investing 20.64% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CVTI. 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.
CVTI Technicals: Chart, Performance Metrics, Trend & Indicators
13.95
+0.1 (+0.72%)
Covenant Transportn / CVTI TA FAQ
What is the technical rating for CVTI stock?
ChartMill assigns a technical rating of 8 / 10 to CVTI.
What is the trend direction for CVTI stock?
The current trend direction for Covenant Transportn (CVTI) is Bullish.
Can you provide the RSI signal for Covenant Transportn?
Covenant Transportn (CVTI) has an RSI value of 63.2713. This indicates that the stock is currently neutral.
What is the short term momentum for CVTI stock?
The short term momentum for Covenant Transportn (CVTI) is positive.
What are the support and resistance levels for Covenant Transportn (CVTI) stock?
Covenant Transportn (CVTI) has a support level at 13.95 and a resistance level at 14.41. Check the full technical report for our detailed analysis of CVTI support and resistance levels.