MOVADO GROUP INC (MOV) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:MOV • US6245801062
We assign a technical rating of 9 out of 10 to MOV. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MOV is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- MOV is one of the better performing stocks in the Textiles, Apparel & Luxury Goods industry, it outperforms 90% of 45 stocks in the same industry.
- A new 52 week high is currently being made by MOV, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month MOV has a been trading in the 20.61 - 23.30 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that MOV is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, MOV also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 22.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.55, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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17.95
When analyzing the support we can see 4 important areas.
- A support zone ranging from 22.31 to 22.55. 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 20.62 to 20.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.01 from a trend line in the daily time frame.
- Support @18.13 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.81 to 22.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 MOV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MOV is up. |
| ChartMill Relative Strength | 83.78 | POSITIVE | MOV has a high relative strength, it outperformed 83.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MOV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MOV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MOV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.01 | NEUTRAL | The RSI value for MOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MOV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.52 | NEUTRAL | The Stochastics value for MOV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for MOV suggests some volalility. |
| Average Directional Index/ADX (14) | 23.87 | NEUTRAL | The ADX value for MOV suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 22.90 | 22.30 | 0.60 (2.62%) | 25.00% |
| An entry @22.90. This is a Buy Stop order right above the resistance zone. | An exit @22.30. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.60 points, which is 2.62%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.66%. |
- The distance between exit and entry is rather small compared to the average daily movement of MOV. 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.
22.8
-0.09 (-0.39%)
MOVADO GROUP INC / MOV FAQ
What is the technical rating for MOV stock?
ChartMill assigns a technical rating of 9 / 10 to MOV.
What is the trend direction for MOV stock?
The current trend direction for MOVADO GROUP INC (MOV) is Bullish.
Can you provide the RSI signal for MOVADO GROUP INC?
MOVADO GROUP INC (MOV) has an RSI value of 59.0111. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MOVADO GROUP INC?
The MACD indicator for MOVADO GROUP INC (MOV) has a value of -0.028071, indicating a bearish trend.
What is the short term momentum for MOVADO GROUP INC (MOV) stock?
The short term momentum for MOVADO GROUP INC (MOV) is positive.