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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.
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MarketClub’s Trade Triangles for CVLG
The long-term trend has been UP since Jun 7th, 2022 at 24.52
The intermediate-term trend has been DOWN since Mar 15th, 2023 at 33.65
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).
| 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 High | 40.37 | 52wk High Date | 2022-11-21 |
| 52wk Low | 17.23 | 52wk Low Date | 2022-04-14 |
| Average Volume | 85,493 | Shares Outstanding | 13,241 |
| Assets | 796,645,000M | Liabilities | 419,517,000M |
| P/E Ratio | 4.9443 |