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.
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
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.
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. |
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%. | For a 1.00% total portfolio risk, you can invest 20.64% of your capital in this trade. |
- 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.
13.95
+0.1 (+0.72%)
Covenant Transportn / CVTI FAQ
What is the technical rating for CVTI stock?
ChartMill assigns a technical rating of 8 / 10 to CVTI.
What is the current trend direction of Covenant Transportn (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.
Can you provide the short term momentum for Covenant Transportn?
The short term momentum for Covenant Transportn (CVTI) is positive.
What is the buy/sell signal for CVTI stock?
The buy/sell signal for Covenant Transportn (CVTI) is buy as both the short term and long term trends are positive.