MOVADO GROUP INC (MOV) Stock Technical Analysis
NYSE:MOV • US6245801062
We assign a technical rating of 9 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.
- In the last month MOV has a been trading in the 23.71 - 25.85 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, MOV did better than 83% of all other stocks.
- MOV is one of the better performing stocks in the Textiles, Apparel & Luxury Goods industry, it outperforms 79% of 45 stocks in the same industry.
- MOV is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MOV is performing more or less in line with the market.
Besides having an excellent technical rating, MOV also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 25.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.50, a Stop Loss order could be placed below this zone.
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20.62
When analyzing the support we can see 2 important areas.
- A support zone ranging from 24.28 to 24.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 20.83 to 20.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.81 to 25.81. 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 | NEUTRAL | NEUTRAL | The short term trend for MOV is neutral. |
| ChartMill Relative Strength | 83.31 | POSITIVE | MOV has a high relative strength, it outperformed 83.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MOV is below 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) | 52.36 | NEUTRAL | The RSI value for MOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests MOV has a negative trend. |
| Stochastics (14,3) | 45.63 | NEUTRAL | The Stochastics value for MOV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for MOV suggests some volalility. |
| Average Directional Index/ADX (14) | 27.62 | POSITIVE | The high ADX value value for MOV suggests a strong 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 |
|---|---|---|---|
| 25.14 | 24.27 | 0.87 (3.47%) | 25.00% |
| An entry @25.14. This is a Buy Stop order right above the 10 day moving average. | An exit @24.27. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.87 points, which is 3.47%. | For a 0.87% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
24.51
-0.18 (-0.73%)
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 52.357. 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 -0.139467, 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 neutral.