Technical Analysis for CVLG - Covenant Logistics Group, Inc.

Grade Last Price % Change Price Change
D 46.13 0.50% 0.23
CVLG closed up 0.95 percent on Wednesday, March 27, 2024, on 40 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Up

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.50%
Crossed Above 200 DMA Bullish 0.50%
NR7 Range Contraction 0.50%
Narrow Range Bar Range Contraction 0.50%
Inside Day Range Contraction 0.50%
Gapped Up Strength 0.50%
20 DMA Resistance Bearish 1.45%
200 DMA Resistance Bearish 1.45%
Gapped Up Strength 1.45%
MACD Bullish Signal Line Cross Bullish 1.21%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 1 hour ago
200 DMA Support about 1 hour ago
Fell Below 200 DMA about 1 hour ago
20 DMA Support about 19 hours ago
200 DMA Support about 19 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 Freight Forwarder Transportation Management 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 32.8232
Average Volume 76,090
200-Day Moving Average 45.84
50-Day Moving Average 48.49
20-Day Moving Average 45.57
10-Day Moving Average 44.74
Average True Range 1.30
RSI (14) 46.52
ADX 27.46
+DI 16.08
-DI 20.61
Chandelier Exit (Long, 3 ATRs) 47.94
Chandelier Exit (Short, 3 ATRs) 46.99
Upper Bollinger Bands 48.07
Lower Bollinger Band 43.07
Percent B (%b) 0.57
BandWidth 10.97
MACD Line -0.98
MACD Signal Line -1.18
MACD Histogram 0.1945
Fundamentals Value
Market Cap 486.39 Million
Num Shares 10.6 Million
EPS 3.92
Price-to-Earnings (P/E) Ratio 11.71
Price-to-Sales 0.61
Price-to-Book 1.70
Dividend 0.44
Dividend Yield 0.96%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 46.71
Resistance 3 (R3) 46.69 46.40 46.58
Resistance 2 (R2) 46.40 46.19 46.41 46.53
Resistance 1 (R1) 46.15 46.07 46.01 46.17 46.49
Pivot Point 45.86 45.86 45.79 45.87 45.86
Support 1 (S1) 45.61 45.65 45.46 45.63 45.31
Support 2 (S2) 45.32 45.52 45.33 45.27
Support 3 (S3) 45.07 45.32 45.22
Support 4 (S4) 45.09