MOVADO GROUP INC (MOV) Stock Technical Analysis
NYSE:MOV - New York Stock Exchange, Inc. - US6245801062 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to MOV. In the past year, MOV was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, MOV is a bad performer in the overall market: 87% of all stocks are doing better.
MOV is part of the Textiles, Apparel & Luxury Goods industry. There are 48 other stocks in this industry, of which 72% are performing better than MOV.
MOV is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MOV has a been trading in the 14.71 - 16.56 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of MOV is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
14.70
17.59
We found 3 important support areas.
- Support @16.38 from a trend line in the daily time frame.
- A support zone ranging from 15.41 to 15.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.85 to 14.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @16.96 from a trend line in the daily time frame.
- A resistance zone ranging from 17.35 to 17.42. 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 | DOWN | NEGATIVE | The long term trend for MOV is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MOV is up. |
| ChartMill Relative Strength | 13.22 | NEGATIVE | MOV has a low relative strength, it was outperformed by 86.78% 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) | DOWN | NEGATIVE | The current price of MOV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.58 | NEUTRAL | The RSI value for MOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests MOV has a positive trend. |
| Stochastics (14,3) | 82.98 | OVERBOUGHT | The high Stochastics value suggests MOV may be overbought. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for MOV suggests some volalility. |
| Average Directional Index/ADX (14) | 17.81 | NEGATIVE | The low ADX value for MOV suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
16.49
+0.31 (+1.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg1.92%
1 Week6.73%
2 Weeks7.22%
1 Month3.06%
3 Month8.77%
6 Month-17.34%
12 Month-32.03%
2 Year-42.54%
3 Year-51.47%
5 Year71.06%
10 Year-34.9%
15 Year45.16%
Volatility
ATR(14)0.45
ATR(20)%2.85%
ATR Inc-3.46%
Range Today0.34
ADR(20)0.43
ADR(20)%2.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.22
Mansfield-2.02
10 Day High16.56
10 Day Low14.71
20 Day High16.56
20 Day Low14.71
52 Week High26.59
52 Week Low12.85
CS1 End16.38
CR1 Start16.96
Volume & EV
DER(3)-3.63%
DER(5)-2.15%
Volume99.70K
Volume Incr-7.74%
Vol(5)191.20K
Vol(50)202.56K