Technical Analysis for CVLG - Covenant Logistics Group, Inc.

Grade Last Price % Change Price Change
D 46.10 1.25% 0.57
CVLG closed up 1.25 percent on Wednesday, May 8, 2024, on 82 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: May 15
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
180 Bullish Setup Bullish Swing Setup 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Outside Day Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
Fell Below 50 DMA Bearish 1.25%
Bollinger Band Squeeze Range Contraction 1.25%
NR7 Range Contraction 1.25%
NR7-2 Range Contraction 1.25%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 19 hours ago
Outside Day about 19 hours ago
Up 1% about 19 hours ago
60 Minute Opening Range Breakout about 23 hours ago
10 DMA Support about 24 hours ago

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Profile

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 Transportation Management Freight Forwarder Less Than Truckload Shipping Truckload Services Third Party Logistics Truckload Shipping Truckload Transportation Dedicated Services Truckload Carrier 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 57.167
52 Week Low 37.1351
Average Volume 71,925
200-Day Moving Average 46.17
50-Day Moving Average 45.48
20-Day Moving Average 44.97
10-Day Moving Average 45.36
Average True Range 0.97
RSI (14) 56.33
ADX 13.02
+DI 20.02
-DI 13.83
Chandelier Exit (Long, 3 ATRs) 44.05
Chandelier Exit (Short, 3 ATRs) 45.93
Upper Bollinger Bands 46.46
Lower Bollinger Band 43.47
Percent B (%b) 0.88
BandWidth 6.64
MACD Line -0.01
MACD Signal Line -0.22
MACD Histogram 0.2164
Fundamentals Value
Market Cap 488.51 Million
Num Shares 10.6 Million
EPS 3.92
Price-to-Earnings (P/E) Ratio 11.76
Price-to-Sales 0.61
Price-to-Book 1.70
Dividend 0.44
Dividend Yield 0.95%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 47.41
Resistance 3 (R3) 47.28 46.71 47.19
Resistance 2 (R2) 46.71 46.38 46.78 47.11
Resistance 1 (R1) 46.41 46.18 46.56 46.54 47.04
Pivot Point 45.84 45.84 45.92 45.91 45.84
Support 1 (S1) 45.54 45.51 45.69 45.67 45.16
Support 2 (S2) 44.97 45.31 45.04 45.09
Support 3 (S3) 44.67 44.97 45.01
Support 4 (S4) 44.80