MOV - Movado Group Inc

Industry: Recreational Goods, Other Sector: Consumer Goods Exchange: NYSE

Tue 14'th Aug 2018

PERIOD 2018-05-15 - 2018-08-14
CHANGE 2.08%
PRICE $51.60
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Movado Group Inc Stock Analysis

Technical stock analysis for Tue 14'th Aug 2018

Buy candidate since 2018-08-02 Gain 3.72%
Shorts 5.47% ( 2018-07-31 )
Cash 317.9 mill
Loans 60.0 mill
Beta -0.09
ROA -0.49

Movado Group Inc gained 2.08% in the last trading day, rising from $50.55 to $51.60 The price has been going up and down for this period, and there has been a 3.61% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 55 218 more shares were traded than the day before. In total, 125 168 shares bought and sold for approximately $6.46 million.

Trend

Movado Group Inc lies in the middle of a very 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 12.82% during the next 3 months and, with 90% probability hold a price between $51.30 and $65.53 at the end of this period.

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Signals

Only positive signals in the chart today. Movado Group Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $50.61 and $49.21. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday August 01, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSI14 is 60 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Movado Group Inc finds support from accumulated volume at $49.20.

Support: $49.20 Price: $51.60 Resistance: $52.30

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.35 (2.66%) between high and low. For the last week, the stock has had a daily average volatility of 2.39%.

Our recommended stoploss: $49.17 (-4.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 9 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Movado Group Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Strong Buy Candidate

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MOV $51.60 $1.05(2.08%)
MOV is up $1.05 today, but where's it headed in September?
Zacks Investment Research is releasing its prediction for MOV based on the 1-3 month system that more than doubles the S&P 500.

Click here – the MOV analysis is free »
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