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Stock Trend Analysis Report

Prepared for you on Friday, March 31, 2023.

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

Sidelines Mode (-50) - CVLG is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CVLG can gain momentum.

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
34.6700 35.1400 32.6922 34.8900 +0.2800
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 Mar 15th, 2023 at 33.65

short term down The short-term trend has been DOWN since Mar 30th, 2023 at 33.44

Smart Scan Analysis for CVLG

Based on our trend formula, CVLG is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for CVLG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
34.6700 35.1400 32.6922 34.8900 +0.2800
Prev. Close Volume Bid Ask Time
34.6100 50406 2023-03-30 15:59:51
52wk High40.3752wk High Date2022-11-21
52wk Low17.2352wk Low Date2022-04-14
Average Volume85,493Shares Outstanding13,241
Assets796,645,000MLiabilities419,517,000M
P/E Ratio4.9443
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