We assign a technical rating of 1 out of 10 to CVLT. CVLT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, CVLT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 125.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 122.27, a Stop Loss order could be placed below this zone.
More info and screens
116.51
When analyzing the support we can see 2 important areas.
- A support zone ranging from 119.76 to 122.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @117.69 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 125.11 to 125.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @176.16 from a horizontal line in the daily time frame.
- Resistance @190.99 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CVLT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CVLT is down. |
| ChartMill Relative Strength | 11.47 | NEGATIVE | CVLT has a low relative strength, it was outperformed by 88.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVLT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CVLT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CVLT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.48 | NEUTRAL | The RSI value for CVLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.58 | POSITIVE | The MACD value suggests CVLT has a positive trend. |
| Stochastics (14,3) | 76.45 | NEUTRAL | The Stochastics value for CVLT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for CVLT suggests some volalility. |
| Average Directional Index/ADX (14) | 41.83 | POSITIVE | The high ADX value value for CVLT suggests a strong trend. |
125.1
+1.91 (+1.55%)
COMMVAULT SYSTEMS INC / CVLT FAQ
Can you provide the ChartMill technical rating for COMMVAULT SYSTEMS INC?
ChartMill assigns a technical rating of 1 / 10 to CVLT.
What is the trend direction for CVLT stock?
The current trend direction for COMMVAULT SYSTEMS INC (CVLT) is Bearish.
Can you provide the RSI signal for COMMVAULT SYSTEMS INC?
COMMVAULT SYSTEMS INC (CVLT) has an RSI value of 46.479. This indicates that the stock is currently neutral.
What is the short term momentum for CVLT stock?
The short term momentum for COMMVAULT SYSTEMS INC (CVLT) is negative.
What are the support and resistance levels for COMMVAULT SYSTEMS INC (CVLT) stock?
COMMVAULT SYSTEMS INC (CVLT) has a support level at 122.27 and a resistance level at 125.11. Check the full technical report for our detailed analysis of CVLT support and resistance levels.