MOVADO GROUP INC (MOV) Stock Technical Analysis
NYSE:MOV - New York Stock Exchange, Inc. - US6245801062 - Common Stock - Currency: USD
Taking everything into account, MOV scores 0 out of 10 in our technical rating. MOV scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
86% of all other stocks performed better in the past year than MOV.
MOV is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MOV is lagging the market.
In the last month MOV has a been trading in the 14.78 - 17.11 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
MOV is an average performer in the Textiles, Apparel & Luxury Goods industry, it outperforms 42% of 50 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
The technical rating of MOV is bad and it also does not present a quality setup 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
14.95
17.52
We can see 3 important resistance areas.
- A resistance zone ranging from 16.01 to 16.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 16.86 to 17.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.35 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for MOV is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MOV is down. |
| ChartMill Relative Strength | 14.21 | NEGATIVE | MOV has a low relative strength, it was outperformed by 85.79% 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) | DOWN | NEGATIVE | The current price of MOV is below a declining 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) | 36.9 | NEUTRAL | The RSI value for MOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests MOV has a negative trend. |
| Stochastics (14,3) | 12.62 | OVERSOLD | The low Stochastics value suggests MOV may be oversold. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for MOV suggests some volalility. |
| Average Directional Index/ADX (14) | 16.63 | 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)
15.1
-0.41 (-2.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg-2.64%
1 Week-9.85%
2 Weeks-6.73%
1 Month-8.43%
3 Month5.08%
6 Month-21.03%
12 Month-37.78%
2 Year-44.79%
3 Year-52.65%
5 Year38.41%
10 Year-46.66%
15 Year48.92%
Volatility
ATR(14)0.48
ATR(20)%3.08%
ATR Inc78.13%
Range Today0.41
ADR(20)0.42
ADR(20)%2.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.21
Mansfield-2.29
10 Day High17.11
10 Day Low14.78
20 Day High17.11
20 Day Low14.78
52 Week High24.98
52 Week Low12.85
CS1 EndN/A
CR1 Start16.01
Volume & EV
DER(3)-4.44%
DER(5)-4.45%
Volume97.97K
Volume Incr-19.85%
Vol(5)108.23K
Vol(50)166.87K