CVNA Technical Signal Analysis
CVNA have 2 buy signals and 1 sell signal now. The current trend is downtrend starting from 2025-04-09. The total price change during this trend is -3.01%. Recently, the price has decreased with an increase in volume, indicating a strong bearish signal. The average turnover of CVNA over last 5 trading day is $1,236,862,123.71
2 Bullish Signal
1 Bearish Signal
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 > 0
7.79
Momentum (10 days)
MOM_10 > 0
1.22
Name
Signal
Value
Meaning
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.8
2 Bullish Signal
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 > 0
7.79
Momentum (10 days)
MOM_10 > 0
1.22
CVNA Support and Resistance Level
The support levels for CVNA are at 160.27, 140.8, and 109.28, while the resistance levels are at 223.31, 242.79, and 274.31. With the current stock price at 213.81, it is leaning more toward the resistance levels.
CVNA Technical Analysis
Technical Analysis of CVNA Stock
Current Price and Trend:
- Current Price: $191.60 (as of 2025-03-21)
- The stock closed at $190.95 on Friday, March 21, showing a 2.98% increase for the day.
Technical Indicators:
- RSI (14): 44.82 (Neutral)
- MACD: -15.62 (Bearish)
- Stochastic Oscillator: 22.87 (Oversold)
- StochasticRSI: 68.96 (Bullish Divergence)
Moving Averages:
- 20-day SMA: $177.65
- 50-day SMA: $169.47
- The stock is trading above both the 20-day and 50-day SMAs, indicating short-term bullish momentum.
Fibonacci Levels:
- Pivot Point: $178.64
- Resistance Levels: $192, $200.26, $213.63
- Support Levels: $165.27, $157.01, $143.65
Volume Analysis:
- Volume has decreased over the past few days, suggesting potential loss of momentum despite recent price gains.
Bollinger Bands:
- The stock is near the upper band, indicating potential resistance and volatility.
News Sentiment:
- Recent analyst upgrades from Piper Sandler and BofA Securities with price targets of $225 and $220, respectively, indicate positive sentiment.
- Concerns about debt levels and macroeconomic factors like interest rates could impact the stock.
Conclusion:
The stock is at a critical juncture. It is testing the first resistance level at $192. A break above this level with increasing volume could signal a buy, while failure to do so may lead to consolidation or correction.
Recommendation: Wait for the stock to break above $192 with strong volume or show bullish consolidation before entering a position.
Exact Price and Recommendation: Buy CVNA at $192.
CVNA FAQs
Which bull technical signals does CVNA have?
Bullish technical signals of CVNA include: AO_5_34 > 0, MOM_10 > 0.
Which bearish technical signals does CVNA have?
How reliable is technical analysis?
How can I use moving averages to set entry and exit points for CVNA stock?
Is CVNA a buy based on overall technical signals summary?
CVNA Buy or Sell
CVNA has 2 buy signals and 1 sell signals now. Overall the technical rating for CVNA is Neutral.
CVNA Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 213.81 above the SMA_5. In the short term, the stock shows a positive trend with the 209.77 above the SMA_20. In the mid term, the stock shows a negative trend with the 199.32 below the SMA_60. In the long term, the stock shows a positive trend with the 220.51 above the SMA_200.
Swing
Stock Price Above SMA_5
Short Term
SMA_5 Above SMA_20
Mid Term
SMA_20 Below SMA_60
Long Term
SMA_60 Above SMA_200
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What do technical indicators suggest about CVNA's current trend?What are CVNA's key support and resistance levels?