stocks logo

CVLG Stock Price Prediction

Covenant Logistics Group Inc
$
20.970
+1.160(+5.860%)
  • Overview
  • Forecast
  • Valuation

Should I Buy Covenant Logistics Group Inc Stock?

Based on our evaluation of the five key dimensions—Technical Signals, Moving Average trends, Short Sell Data, Similar Chart Pattern Matching and Seasonality Analysis—we have identified the following insights. CVLG has several negative signals and is within a falling trend, so we believe it will perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Our analysis conclusion for this stock is a Strong Sell candidate.

CVLG stock price ended at $20.97 on Friday, after rising 5.86%

The Covenant Logistics Group Inc stock price increased by 5.86% on the last trading day (02 May 2025), rising from 19.94 to 19.81. Throughout the last trading session, the stock experienced a fluctuation of 2.29% , ranging from a day low of $19.68 to a day high of 20.13. The price has declined in 4 of the last 10 days, resulting in a total change of 11.73% during this period. On the last day, trading volume decrease by -99.43K shares, with the rising prices. This could serve as an early warning, indicating that risk may slightly increase in the coming days. In total, 140.15K  shares were traded, amounting to approximately 2.79M.

CVLG Technical Signals

CVLG(Covenant Logistics Group Inc Corp) has 2 buy signals and 2 sell signals now. The current trend is consolidation starting from 2025-04-15. The total price change during this trend is +4.21%. Recently, the price has decreased but the volume has also decreased, indicating a potential rebound signal. The average turnover of CVLG over the last 5 trading days is 3.82M. Overall, the technical indicator signals lean more toward a Neutral outlook in the mid-term.

CVLG Moving Average Analysis

Covenant Logistics Group Inc's overall moving average trend leans more bullish as of Friday, May 2, 2025, with 2 negative signals and 2 positive signal. In the mid-term, the SMA_20 being below the SMA_60 signals a strong bearish trend. There will be some resistance from the lines at $21.301213333333333, and $22.508333333333333. A break-up above any of these levels will issue buy signals. There will be some support from the lines at $17.395453333333332, and $16.188333333333333. A break-down below any of these levels will issue sell signals.

CVLG Short Selling Analysis

The short sale ratio of Covenant Logistics Group Inc(CVLG) as of 30 Apr 2025 is 6.43%, rising from last trading day. With increasing price from 19.90 to 19.90.

Technical Signals Summary

StrongSellSellNeutralBuyStrongBuydotted line Image
Neutral
Sell
2
Buy
2

Moving Average

Swing

up ImagePositive

Stock Price Above SMA_5

Short Term

up ImagePositive

SMA_5 Above SMA_20

Mid Term

down ImageNegative

SMA_20 Below SMA_60

Long Term

down ImageNegative

SMA_60 Below SMA_200

Short Selling

Close Price
Short Sale Ratio
Short Sale Volume
2 Bullish Signals
When Value satisfies Signal, Indicator signals Bullish

Indicators

Signal

Value

Meaning

Momentum (10 days)

MOM_10 > 0

2.08

Bullish

Moving Average

10-day SMA crosses above 20-day SMA

--

Bullish
2 Bearish Signals
When Value satisfies Signal, Indicator signals Bearish

Indicators

Signal

Value

Meaning

Awesome Oscillator (5, 34)

AO_5_34 < 0

-0.903

Bearish

Moving Average Convergence Divergence (12, 26, 9)

MACD_12_26_9 < 0

-0.645

Bearish

CVLG Price Prediction & Forecast by Similar Chart Analysis

Based on historical patterns and backtesting of stocks with similar movements to Covenant Logistics Group Inc(CVLG), our algorithm predicts CVLG's 1-month price at $19.45, with an -1.67%downwardshift. Using a similarity score up to 98.38%and other factors, This forecast updates weekly, adjusting for significant deviations.
Similar Chart
The price prediction chart for Covenant Logistics Group Inc (CVLG.O) stock, as of Sunday, April 27, 2025 , forecasts a -1.67% change over the next month, based on its high correlation with PCAR.O stock patterns. The similarity between their price movements over the analyzed periods is 98.38%. The right panel lists other stocks with similar price patterns. This prediction is updated every week.
stocks logo

CVLG

Future prediction

Up: -1.67%

stocks logo

PCAR

Down: -1.67%Similarity: 98.38%

Name

Similarity

Up/Down

stocks logo

PCAR.O

98.38%

-1.67%

stocks logo

BC.N

97.77%

+0.77%

stocks logo

PII.N

97.75%

+0.96%

stocks logo

VYX.N

97.73%

+4.14%

stocks logo

FBIN.N

97.68%

+1.85%

stocks logo

HBI.N

97.63%

-1.14%

stocks logo

CWH.N

97.63%

+0.51%

stocks logo

CGNX.O

97.57%

+6.15%

stocks logo

VRTS.O

97.57%

+3.71%

stocks logo

SWK.N

97.55%

+0.02%

CVLG Seasonality Analysis

Based on CVLG's historical stock price data across all years, the probability of a positive return in May is63.64%, suggesting it maybe an ideal month to invest in CVLG. In contrast,Julyoffers the highest probability of positive returns at80.00%, making it a potentially strong month for investment.
However, this is only a prediction based on one method, and a comprehensive assessment of the stock's future trend should consider additional factors. Our final stock price commentary incorporates three main evaluation dimensions: technical signals, Moving Average trends, and similar chart pattern matching, with the first two dimensions carrying the primary weight to ensure a more robust and accurate forecast.

Monthly Seasonality

The radar chart shows that buying Covenant Logistics Group Inc (CVLG.O) stock in July has the highest probability of a positive return (80.00%), while December has the lowest probability (20.00%).

Performance Seasonality

The chart shows Covenant Logistics Group Inc. (CVLG)'s annual stock price return for the past three years, helping you analyze price trends and identify recurring trends on an annual basis.

FAQ

arrow icon

Should I buy Covenant Logistics Group Inc (CVLG.O) stock?

Based on our evaluation of the five key dimensions—Technical Signals, Moving Average trends, Short Sell Data, Similar Chart Pattern Matching and Seasonality Analysis—we have identified the following insights. CVLG has several negative signals and is within a falling trend, so we believe it will perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Our analysis conclusion for this stock is a Strong Sell candidate.

arrow icon

Which months have the highest win rate for buying Covenant Logistics Group Inc (CVLG.O) stock in a year?

arrow icon

How has Covenant Logistics Group Inc. (CVLG)'s stock price performed over the past three years?

arrow icon

Which bull technical signals does CVLG have?

arrow icon

Which bearish technical signals does CVLG have?

arrow icon

Is CVLG a buy based on overall technical signals summary?

arrow icon

What is the trend of Covenant Logistics Group Inc (CVLG)'s moving average?

arrow icon

What is price prediction for CVLG stock next month?

arrow icon

What is price prediction 2025 for CVLG Stock?

arrow icon

What is price prediction 2030 for CVLG Stock?