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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Covenant Logistics Group, Inc. - Class A (NASDAQ:CVLG)
Crossroads (+60) - CVLG is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CVLG?
MarketClub looks at technical strength and momentum to determine if the timing is right for CVLG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CVLG
The long-term trend has been UP since Jan 11th, 2024 at 46.72
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 44.75
The short-term trend has been DOWN since May 8th, 2024 at 45.42
Smart Scan Analysis for CVLG
Based on our trend formula, CVLG is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 45.28 | 46.15 | 45.28 | 46.10 | +0.57 |
| Prev. Close | Volume | Bid | Ask | Time |
| 46.10 | 50210 | 2024-05-08 15:58:36 |
| 52wk High | 57.57 | 52wk High Date | 2023-08-09 |
| 52wk Low | 37.5 | 52wk Low Date | 2023-05-11 |
| Average Volume | 70,160 | Shares Outstanding | 13,114 |
| Assets | 943,431,000M | Liabilities | 536,184,000M |
| P/E Ratio | 14.7346 |