RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CVLG
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Red day on Monday for Covenant Logistics Group Inc. stock after losing 0.155%
(Updated on Feb 26, 2024)


Buy or Hold candidate since Jan 09, 2024 Gain 16.82% PDF
The Covenant Logistics Group Inc. stock price fell by -0.155% on the last day (Monday, 26th Feb 2024) from $51.61 to $51.53. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.47% from a day low at $51.13 to a day high of $51.88. The price has fallen in 6 of the last 10 days and is down by -0.35% for this period. Volume has increased on the last day by 12 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 98 thousand shares were bought and sold for approximately $5.07 million.

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The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 26.45% during the next 3 months and, with a 90% probability hold a price between $63.05 and $70.52 at the end of this 3-month period.

CVLG Signals & Forecast

A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -5.66%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Covenant Logistics Group Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $52.33. On a fall, the stock will find some support from the long-term average at approximately $49.53. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. The stock had a Golden Star Signal on Tuesday, January 09, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Tuesday, January 09, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

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Support, Risk & Stop-loss for Covenant Logistics Group Inc. stock

Covenant Logistics Group Inc. finds support from accumulated volume at $51.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.750 between high and low, or 1.47%. For the last week, the stock has had daily average volatility of 2.11%.

Our recommended stop-loss: $49.25 (-4.42%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (CVLG) For The Upcoming Trading Day Of Tuesday 27th

For the upcoming trading day on Tuesday, 27th we expect Covenant Logistics Group Inc. to open at $51.51, and during the day (based on 14 day Average True Range), to move between $50.02 and $53.04, which gives a possible trading interval of +/-$1.51 (+/-2.94%) up or down from last closing price. If Covenant Logistics Group Inc. takes out the full calculated possible swing range there will be an estimated 5.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $51.61 (0.16%) than the support at $51.20 (0.64%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Covenant Logistics Group Inc. stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.763 Open Broker Account

Buy Candidate Unchanged

Predicted Opening Price for Covenant Logistics Group Inc. of Tuesday, February 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price February 27, 2024 Current price
$51.51 ( 0.0323%) $51.53

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 52.26 1.42 %
R2 51.98 0.87 %
R1 51.80 0.524 %
Current price: 51.53
Support S1 51.23 -0.588 %
S2 51.05 -0.93 %
S3 50.76 -1.49 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 54.02 4.83 %
R2 51.71 0.349 %
R1 51.61 0.155 %
Current price 51.53
Support S1 51.20 -0.640%
S2 49.85 -3.26%
S3 43.82 -14.96%
What is the symbol for Covenant Logistics Group Inc. Stock and on which exchange is it traded?
The symbol for Covenant Logistics Group Inc. is CVLG and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Covenant Logistics Group Inc. Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

How to buy Covenant Logistics Group Inc. Stock?
Covenant Logistics Group Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Covenant Logistics Group Inc. Stock.

What's the current price of Covenant Logistics Group Inc. Stock?
As of the end of day on the 2024-02-26, the price of an Covenant Logistics Group Inc. (CVLG) share was $51.53.

What is the 52-week high and low for Covenant Logistics Group Inc. Stock?
The 52-week high for Covenant Logistics Group Inc. Stock is $57.57 and the 52-week low is $32.24.

What is the market capitalization of Covenant Logistics Group Inc. Stock?
As of the 2024-02-26, the market capitalization of Covenant Logistics Group Inc. is 546.896M.

When is the next earnings date for Covenant Logistics Group Inc.?
The upcoming earnings date for Covenant Logistics Group Inc. is Apr 25, 2024.

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About Covenant Logistics Group Inc.

Covenant Logistics Group. Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committ... CVLG Profile

CVLG Dividend Data

1.05%

Dividend Yield (TTM)
Payout Ratio (TTM) 0
Next Ex-Dividend Date Feb 29, 2024
Next Payment Date Mar 29, 2024
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