Technical Analysis for CVLG - Covenant Logistics Group, Inc.

Grade Last Price % Change Price Change
B 57.63 1.57% 0.89
CVLG closed down 1.03 percent on Wednesday, November 20, 2024, on approximately normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Down

Date Alert Name Type % Chg
Hammer Candlestick Bullish 1.57%
Overbought Stochastic Strength 0.68%
Down 3 Days in a Row Weakness 0.68%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -0.36%
Overbought Stochastic Strength -0.36%
Upper Bollinger Band Walk Strength -2.28%
Multiple of Ten Bearish Other -2.28%
Overbought Stochastic Strength -2.28%
Gapped Down Weakness -2.28%
New 52 Week Closing High Bullish -5.52%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown 29 minutes ago
Hammer Candlestick Entry about 1 hour ago
Rose Above Previous Day's High about 1 hour ago
Up 1% about 1 hour ago
Down 2 % about 22 hours ago

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Covenant Logistics Group, Inc. Description

Covenant Transportation Group, Inc., together with its subsidiaries, provides truckload transportation and brokerage services primarily in the continental United States. It offers expedited and dedicated services. The company also provides ancillary services, including freight brokerage and logistics services, warehousing, and accounts receivable factoring; and over-the-road truckload services, as well as transportation management, shuttle, and switching services. It serves transportation companies, such as freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. As of December 31, 2018, the company operated 3,154 tractors and 6,950 trailers. Covenant Transportation Group, Inc. was founded in 1986 and is headquartered in Chattanooga, Tennessee.


Classification

Sector: Industrials
Industry: Trucking
Keywords: Transport Freight Transport Logistics Services Cargo Factoring Freight Forwarder Transportation Management Less Than Truckload Shipping Third Party Logistics Truckload Services Truckload Shipping Dedicated Services Truckload Carrier Truckload Transportation Freight Broker Freight Brokerage

Is CVLG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 61.11
52 Week Low 40.365
Average Volume 29,349
200-Day Moving Average 49.67
50-Day Moving Average 53.57
20-Day Moving Average 55.24
10-Day Moving Average 58.41
Average True Range 1.58
RSI (14) 56.14
ADX 24.02
+DI 28.68
-DI 24.28
Chandelier Exit (Long, 3 ATRs) 56.36
Chandelier Exit (Short, 3 ATRs) 53.92
Upper Bollinger Bands 62.33
Lower Bollinger Band 48.14
Percent B (%b) 0.61
BandWidth 25.67
MACD Line 1.53
MACD Signal Line 1.47
MACD Histogram 0.0627
Fundamentals Value
Market Cap 601.26 Million
Num Shares 10.6 Million
EPS 3.92
Price-to-Earnings (P/E) Ratio 14.47
Price-to-Sales 0.61
Price-to-Book 1.70
Dividend 0.44
Dividend Yield 0.78%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 58.18
Resistance 3 (R3) 58.11 57.55 57.94
Resistance 2 (R2) 57.55 57.19 57.59 57.86
Resistance 1 (R1) 57.15 56.96 56.87 57.22 57.78
Pivot Point 56.59 56.59 56.46 56.63 56.59
Support 1 (S1) 56.19 56.23 55.91 56.26 55.70
Support 2 (S2) 55.63 56.00 55.67 55.62
Support 3 (S3) 55.23 55.63 55.54
Support 4 (S4) 55.30