Stock Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
Covenant Transportation Group, Inc (NASDAQ:CVTI)
Long-Term Downtrend (-90) - CVTI is in a strong downtrend that is likely to continue. While CVTI is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CVTI?
MarketClub looks at technical strength and momentum to determine if the timing is right for CVTI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CVTI
The long-term trend has been DOWN since Nov 20th, 2019 at 13.5200
The intermediate-term trend has been DOWN since Feb 28th, 2020 at 11.9708
The short-term trend has been DOWN since Mar 27th, 2020 at 9.8300
Smart Scan Analysis for CVTI
Based on our trend formula, CVTI is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||35.1888||Year High Date||2018-06-13|
|Year Low||21.39||Year Low Date||2018-11-28|
|52wk High||20.98||52wk High Date||2019-04-24|
|52wk Low||8.72||52wk Low Date||2020-03-27|
|Year End Close||5.53||Average Volume||231,589|
|Shares Outstanding||18,517||Short Interest||34,309|
|% Institutional||45.8||Market Cap||333M|