MOVADO GROUP INC (MOV) Technical Analysis
NYSE:MOV • US6245801062
Current stock price
MOV Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to MOV. In the last year, MOV was one of the better performers, but we do observe some doubts in the very recent evolution.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, MOV did better than 85% of all other stocks. We also observe that the gains produced by MOV over the past year are nicely spread over this period.
- MOV is part of the Textiles, Apparel & Luxury Goods industry. There are 45 other stocks in this industry. MOV outperforms 84% of them.
- 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.
- In the last month MOV has a been trading in the 22.44 - 25.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
MOV Weekly and Daily overview Charts
MOV Setup Rating and Analysis
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 25.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.82, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MOV in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
MOV Support and Resistance Analysis
21.17
We found 2 important support areas.
- A support zone ranging from 23.05 to 23.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.38 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 25.51 to 25.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for MOV is neutral. |
| ChartMill Relative Strength | 85.88 | POSITIVE | MOV has a high relative strength, it outperformed 85.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MOV is below a declining 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) | 49.51 | NEUTRAL | The RSI value for MOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MOV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.98 | NEUTRAL | The Stochastics value for MOV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.89 | MEDIUM VOLATILITY | The ATR as a percentage value for MOV suggests some volalility. |
| Average Directional Index/ADX (14) | 20.77 | NEUTRAL | The ADX value for MOV suggests a possible start of a new 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 |
|---|---|---|---|
| 25.82 | 23.04 | 2.78 (10.77%) | 9.29% |
| An entry @25.82. This is a Buy Stop order right above the resistance zone. | An exit @23.04. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.78 points, which is 10.77%. | For a 1.00% total portfolio risk, you can invest 9.29% of your capital in this trade. |
- 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
23.89
-0.13 (-0.54%)
MOVADO GROUP INC / MOV TA FAQ
What is the technical rating for MOV stock?
ChartMill assigns a technical rating of 8 / 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 49.509. 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 -0.0236678, 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.