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Covenant Logistics (CVLG) Technical (Analysis) Reports Covenant Logistics ["Technical Analysis"] Reports -NASDAQ Stock Exchange MunafaSutra.com

Complete & easy to understand technical analysis of Covenant Logistics (CVLG)

Technical Analysis Report for NASDAQ stock CVLG Covenant Logistics. Dated: 05 Aug 2024 Updated Daily. Stock trades in NASDAQ stock exchange

If you are looking for Tomorrow's Movement Predictions for NASDAQ stock CVLG Covenant Logistics then click here. or read Experts views on Covenant Logistics or Forecast & share price targets of Covenant Logistics

Covenant Logistics Opened at 50.02 and Closed at: 50.65, which is -2.78% of previous session's close. It moved within a range of 49.08 and 51.76
The session was a Bullish session with an average volume of 68900, which is 28.74% of previous session's volumes.

  • Even though the stock has fallen, but its short term trend is positive and in an uptrend.
  • Even though the stock has fallen, but its mid term trend is positive and in an uptrend.
  • Even though the stock has fallen, but its long term trend is positive and in an uptrend.

Support for tomorrow is 49.87 and resistance for tomorrow is 52.55
These support and resistance points are valid for the first 5-15 minutes charts

Above are simple pivot point calculations. For a list of much stronger support and resistance levels click here. These are way more stronger support and resistance levels, and mark trend reversals and are Support & Resistance levels recommended by experts.

Support for tomorrow's hourly charts is 49.23, 47.82 resistance for tomorrow's hourly charts is 51.91, 53.18

10 Day SMA for Covenant Logistics (CVLG) is 53.6 and stock is trading below these levels. This is not a good sign for its short term trend

20 Day SMA for Covenant Logistics (CVLG) is 51.95 and the stock is trading below these levels. This is not a good sign for its mid term trend

50 Day SMA for Covenant Logistics (CVLG) is 49.57 and the stock is trading above these levels. This is a good sign for its mid to long term trend

100 Day SMA is 47.56 and the stock is trading above these levels. This is a good sign for its long term trend

200 Day SMA Covenant Logistics is 46.57 and stock is trading above these levels. This is a good sign for its long term trend

20 DMA of Covenant Logistics is at 51.95 and 200 DMA is at 46.57, while 50 DMA and 100 DMA are at 49.57 and 47.56 respectively

Covenant Logistics (CVLG) moving average of 20 SMA is at 51.95 and 20 EMA is at 52.12

Date Closing Price 20 SMA 20 EMA
05 Mon Aug 50.65 51.95 52.12
02 Fri Aug 52.06 51.84 52.28
01 Thu Aug 53.91 51.64 52.3
31 Wed Jul 55.95 51.41 52.13
30 Tue Jul 55.55 51.07 51.73
29 Mon Jul 54.69 50.74 51.33

Covenant Logistics (CVLG) moving average of 50 SMA is at 49.57 and 50 EMA is at 50.17

Date Closing Price 50 SMA 50 EMA
05 Mon Aug 50.65 49.57 50.17
02 Fri Aug 52.06 49.5 50.15
01 Thu Aug 53.91 49.39 50.07
31 Wed Jul 55.95 49.25 49.91
30 Tue Jul 55.55 49.05 49.66
29 Mon Jul 54.69 48.87 49.42

Covenant Logistics (CVLG) moving average of 100 SMA is at 47.56 and 100 EMA is at 48.71

Date Closing Price 100 SMA 100 EMA
05 Mon Aug 50.65 47.56 48.71
02 Fri Aug 52.06 47.49 48.67
01 Thu Aug 53.91 47.42 48.6
31 Wed Jul 55.95 47.34 48.49
30 Tue Jul 55.55 47.24 48.34
29 Mon Jul 54.69 47.14 48.19

Covenant Logistics (CVLG) moving average of 200 SMA is at 46.57 and 200 EMA is at 46.93

Date Closing Price 200 SMA 200 EMA
05 Mon Aug 50.65 46.57 46.93
02 Fri Aug 52.06 46.53 46.89
01 Thu Aug 53.91 46.49 46.84
31 Wed Jul 55.95 46.43 46.77
30 Tue Jul 55.55 46.37 46.68
29 Mon Jul 54.69 46.32 46.59

Covenant Logistics Technical analysis of indicators

Price action analysis of Covenant Logistics (CVLG) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Covenant Logistics stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Covenant Logistics in short term but the sell signal is initial and weak.

Covenant Logistics Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Covenant Logistics in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Covenant Logistics is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 53.99 and Covenant Logistics CVLG stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Covenant Logistics CVLG stock. Volume based technical analysis of Covenant Logistics CVLG stock is negative.

Covenant Logistics Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Covenant Logistics indicators chart

Tomorrow's Predictions

You should also read Tomorrow's Movement Predictions for NASDAQ stock CVLG Covenant Logistics These predictions are based on various factors, are easy to understand, and upto 75% accurate!

And CVLG Experts View which covers a lot of information including buying and selling signals

CVLG future forecast & share price targets

You can also take a look at the Charts and indicator analysis here Announcements & NEWS by Covenant Logistics or View Candle Stick Charts here

Chart Covenant Logistics (CVLG) Technical (Analysis) Reports Covenant Logistics [

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