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Stock Trend Analysis Report

Prepared for you on Friday, June 21, 2024.

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

Bull Market Weakness (+75) - CVLG is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CVLG as it may be in the beginning stages of a reversal.

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
47.750 48.185 47.390 47.570 -0.550
Entry Signal

MarketClub’s Trade Triangles for CVLG

long term up The long-term trend has been UP since Jan 11th, 2024 at 46.72

intermediate term up The intermediate-term trend has been UP since May 9th, 2024 at 46.19

short term down The short-term trend has been DOWN since Jun 14th, 2024 at 47.75

Smart Scan Analysis for CVLG

Based on our trend formula, CVLG is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for CVLG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
47.750 48.185 47.390 47.570 -0.550
Prev. Close Volume Bid Ask Time
47.560 34000 2024-06-20 15:59:29
52wk High57.5752wk High Date2023-08-09
52wk Low38.251452wk Low Date2023-11-09
Average Volume50,339Shares Outstanding13,114
Assets943,431,000MLiabilities536,184,000M
P/E Ratio15.5728
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