MOVADO GROUP INC (MOV) Stock Technical Analysis
USA - NYSE:MOV - US6245801062 - Common Stock
19.14 USD
-0.07 (-0.36%)
19.14 USD
0 (0%)
Overall MOV gets a technical rating of 8 out of 10. Although MOV is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month MOV has a been trading in the 16.75 - 20.32 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 71% of all stocks. However, this relatively good performance is mostly due to a recent big move.
MOV is an average performer in the Textiles, Apparel & Luxury Goods industry, it outperforms 68% of 48 stocks in the same industry.
MOV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MOV is lagging the market.
Besides having an excellent technical rating, MOV also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 19.13, 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
14.70
20.39
3 important support areas can be observed.
- A support zone ranging from 19.09 to 19.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.03 to 16.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.85 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.61 to 20.19. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 71.19 | POSITIVE | MOV has a high relative strength, it outperformed 71.19% 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 | MIXED | The current price of MOV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.72 | NEUTRAL | The RSI value for MOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests MOV has a negative trend. |
| Stochastics (14,3) | 46.59 | NEUTRAL | The Stochastics value for MOV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for MOV suggests some volalility. |
| Average Directional Index/ADX (14) | 37.23 | POSITIVE | The high ADX value value for MOV suggests a strong 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)
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 |
|---|---|---|---|
| 19.62 | 19.08 | 0.54 (2.77%) | 25.00% |
| An entry @19.62. This is a Buy Stop order right above the 10 day moving average. | An exit @19.08. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.54 points, which is 2.77%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.69%. |
- 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.
19.14
-0.07 (-0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg-0.36%
1 Week-2.45%
2 Weeks-0.83%
1 Month11.41%
3 Month23.72%
6 Month11.09%
12 Month0.9%
2 Year-30.02%
3 Year-32.08%
5 Year92.56%
10 Year-25.9%
15 Year75.92%
Volatility
ATR(14)0.53
ATR(20)%2.93%
ATR Inc-32.5%
Range Today0.43
ADR(20)0.54
ADR(20)%2.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.19
Mansfield-0.31
10 Day High20.33
10 Day Low18.96
20 Day High20.33
20 Day Low16.75
52 Week High22.2
52 Week Low12.85
CS1 End19.13
CR1 Start19.61
Volume & EV
DER(3)3.56%
DER(5)4.08%
Volume126.20K
Volume Incr-2.19%
Vol(5)175.70K
Vol(50)144.58K