MOVADO GROUP INC (MOV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MOV - US6245801062 - Common Stock
Overall MOV gets a technical rating of 9 out of 10. 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.
- The long and short term trends are both positive. This is looking good!
- 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 near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MOV has a been trading in the 20.52 - 22.92 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 82% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Although MOV has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
17.72
4 important support areas can be observed.
- A support zone ranging from 20.31 to 20.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.62 from a trend line in the daily time frame.
- Support @18.25 from a trend line in the daily time frame.
- Support @17.90 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.66 to 22.74. 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 | UP | POSITIVE | The short term trend for MOV is up. |
| ChartMill Relative Strength | 82.89 | POSITIVE | MOV has a high relative strength, it outperformed 82.89% 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) | 63.68 | NEUTRAL | The RSI value for MOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests MOV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.47 | OVERBOUGHT | The high Stochastics value suggests MOV may be overbought. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for MOV suggests some volalility. |
| Average Directional Index/ADX (14) | 34.33 | POSITIVE | The high ADX value value for MOV suggests a strong trend. |
22.62
+0.46 (+2.08%)
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 63.6838. 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 0.0777358, 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 positive.