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Stock Trend Analysis Report

Prepared for you on Friday, September 22, 2023.

Covenant Logistics Group, Inc. - Class A (NASDAQ:CVLG)

Weak Downtrend (-65) - CVLG is showing signs of a strengthening downtrend. Monitor CVLG as it may be building momentum to the downside.

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.

NASDAQ_CVLG
Open High Low CVLG Price Change
44.17 44.37 43.83 43.83 -0.24
Entry Signal

MarketClub’s Trade Triangles for CVLG

long term up The long-term trend has been UP since Jun 7th, 2022 at 24.52

intermediate term down The intermediate-term trend has been DOWN since Aug 22nd, 2023 at 49.24

short term down The short-term trend has been DOWN since Aug 25th, 2023 at 48.67

Smart Scan Analysis for CVLG

Based on our trend formula, CVLG is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for CVLG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
44.17 44.37 43.83 43.83 -0.24
Prev. Close Volume Bid Ask Time
44.07 7972 2023-09-22 12:06:48
52wk High57.5752wk High Date2023-08-09
52wk Low27.0652wk Low Date2022-09-23
Average Volume56,882Shares Outstanding12,947
Assets870,506,000MLiabilities490,842,000M
P/E Ratio6.9075
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