MOVADO GROUP INC (MOV) Technical Analysis
NYSE:MOV • US6245801062
Current stock price
MOV Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to MOV. Both in the recent history as in the last year, MOV has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that MOV is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, MOV also shows a nice and consistent pattern of rising prices.
- MOV is part of the Textiles, Apparel & Luxury Goods industry. There are 45 other stocks in this industry. MOV outperforms 86% of them.
- MOV 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 MOV is lagging the market slightly.
- MOV is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
MOV Weekly and Daily overview Charts
MOV Setup Rating and Analysis
Besides having an excellent technical rating, MOV also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
MOV Support and Resistance Analysis
23.53
When analyzing the support we can see 2 important areas.
- A support zone ranging from 24.65 to 25.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.77 to 23.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
MOV 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 MOV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MOV is up. |
| ChartMill Relative Strength | 91.25 | POSITIVE | MOV has a high relative strength, it outperformed 91.25% 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) | 57.44 | NEUTRAL | The RSI value for MOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MOV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.31 | NEUTRAL | The Stochastics value for MOV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for MOV suggests some volalility. |
| Average Directional Index/ADX (14) | 35.34 | POSITIVE | The high ADX value value for MOV suggests a strong trend. |
MOV Chart- and CandleStick Pattern Analysis
MOV 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 |
|---|---|---|---|
| 27.94 | 26.50 | 1.44 (5.16%) | 19.38% |
| An entry @27.94. This is a Buy Stop order right above the 10 day moving average. | An exit @26.50. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.44 points, which is 5.16%. | When investing 19.38% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
MOV Technicals: Chart, Performance Metrics, Trend & Indicators
27.33
-0.4 (-1.44%)
MOVADO GROUP INC / MOV TA FAQ
What is the technical rating for MOV stock?
ChartMill assigns a technical rating of 10 / 10 to MOV.
What is the trend direction for MOV stock?
The current trend direction for MOVADO GROUP INC (MOV) is Bullish.
What is the RSI signal for MOV stock?
MOVADO GROUP INC (MOV) has an RSI value of 57.4363. This indicates that the stock is currently neutral.
What is the MACD signal for MOVADO GROUP INC (MOV) stock?
The MACD indicator for MOVADO GROUP INC (MOV) has a value of 0.0366144, indicating a bearish trend.
Can you provide the support and resistance levels for MOVADO GROUP INC?
MOVADO GROUP INC (MOV) has a support level at 25.31. Check the full technical report for our detailed analysis of MOV support and resistance levels.