In its latest trading session, Covenant Transportation Group, Inc. (NASDAQ:CVTI) dropped by -0.2% – here is what that looked like (as of 2019-12-24):
What’s the reason for these moves? To understand this better, We ought to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 34.436, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.418, an Accumulation/Distribution Index (ADI) of 0.418, an On-Balance Volume (OBV) of 86.398, and a Chaiikin Money Flow (CMF) of -12.87. 6.333
So what do these technical indicators mean? Let’s see. According to Trading View, putting it all together gets the following:
So there you have it – our analysis of Covenant Transportation Group, Inc. (NASDAQ:CVTI). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.