Covenant Logistics Stock Forward View - Relative Strength Index
| CVLG Stock | USD 24.60 1.25 4.84% |
Covenant Stock outlook is based on your current time horizon. We recommend always using this module together with an analysis of Covenant Logistics' historical fundamentals, such as revenue growth or operating cash flow patterns.
As of 31st of January 2026, The value of relative strength index of Covenant Logistics' share price is at 54 suggesting that the stock is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Covenant Logistics, making its price go up or down. Momentum 54
Impartial
Oversold | Overbought |
Quarterly Earnings Growth (0.25) | EPS Estimate Next Quarter 0.4474 | EPS Estimate Current Year 2.012 | EPS Estimate Next Year 2.5233 | Wall Street Target Price 32 |
Using Covenant Logistics hype-based prediction, you can estimate the value of Covenant Logistics Group from the perspective of Covenant Logistics response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Covenant Logistics using Covenant Logistics' stock options and short interest. It helps to benchmark the overall future attitude of investors towards Covenant using crowd psychology based on the activity and movement of Covenant Logistics' stock price.
Covenant Logistics Short Interest
A significant increase or decrease in Covenant Logistics' short interest from the previous month could be a good indicator of investor sentiment towards Covenant. Short interest can provide insight into the potential direction of Covenant Logistics stock and how bullish or bearish investors feel about the market overall.
200 Day MA 22.5324 | Short Percent 0.0376 | Short Ratio 3.45 | Shares Short Prior Month 132.2 K | 50 Day MA 22.7364 |
Covenant Relative Strength Index
Covenant Logistics Hype to Price Pattern
Investor biases related to Covenant Logistics' public news can be used to forecast risks associated with an investment in Covenant. The trend in average sentiment can be used to explain how an investor holding Covenant can time the market purely based on public headlines and social activities around Covenant Logistics Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Covenant Logistics' market sentiment to its price can help taders to make decisions based on the overall investors consensus about Covenant Logistics.
Covenant Logistics Implied Volatility | 0.77 |
Covenant Logistics' implied volatility exposes the market's sentiment of Covenant Logistics Group stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Covenant Logistics' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Covenant Logistics stock will not fluctuate a lot when Covenant Logistics' options are near their expiration.
Covenant Logistics after-hype prediction price | USD 25.85 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Covenant Logistics to cross-verify your projections. Prediction based on Rule 16 of the current Covenant contract
Based on the Rule 16, the options market is currently suggesting that Covenant Logistics Group will have an average daily up or down price movement of about 0.0481% per day over the life of the 2026-03-20 option contract. With Covenant Logistics trading at USD 24.6, that is roughly USD 0.0118 . If you think that the market is fully incorporating Covenant Logistics' daily price movement you should consider acquiring Covenant Logistics Group options at the current volatility level of 0.77%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Open Interest Against 2026-03-20 Covenant Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Covenant Logistics' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Covenant Logistics' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Covenant Logistics stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Covenant Logistics' open interest, investors have to compare it to Covenant Logistics' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Covenant Logistics is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Covenant. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Covenant Logistics Additional Predictive Modules
Most predictive techniques to examine Covenant price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Covenant using various technical indicators. When you analyze Covenant charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Previous Relative Strength Index | Relative Strength Index | Trend |
| 54.64 | 54.64 |
| Check Covenant Logistics Volatility | Backtest Covenant Logistics | Information Ratio |
Covenant Logistics Trading Date Momentum
| On January 30 2026 Covenant Logistics Group was traded for 24.60 at the closing time. The top price for the day was 25.95 and the lowest listed price was 24.60 . There was no trading activity during the period 0.0. Lack of trading volume on January 30, 2026 did not affect price variability. The overall trading delta against the current closing price is 5.08% . |
| Compare Covenant Logistics to competition |
Other Forecasting Options for Covenant Logistics
For every potential investor in Covenant, whether a beginner or expert, Covenant Logistics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Covenant Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Covenant. Basic forecasting techniques help filter out the noise by identifying Covenant Logistics' price trends.Covenant Logistics Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Covenant Logistics stock to make a market-neutral strategy. Peer analysis of Covenant Logistics could also be used in its relative valuation, which is a method of valuing Covenant Logistics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Covenant Logistics Market Strength Events
Market strength indicators help investors to evaluate how Covenant Logistics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Covenant Logistics shares will generate the highest return on investment. By undertsting and applying Covenant Logistics stock market strength indicators, traders can identify Covenant Logistics Group entry and exit signals to maximize returns.
Covenant Logistics Risk Indicators
The analysis of Covenant Logistics' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Covenant Logistics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting covenant stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.58 | |||
| Semi Deviation | 1.16 | |||
| Standard Deviation | 2.1 | |||
| Variance | 4.4 | |||
| Downside Variance | 2.3 | |||
| Semi Variance | 1.35 | |||
| Expected Short fall | (2.00) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Covenant Logistics
The number of cover stories for Covenant Logistics depends on current market conditions and Covenant Logistics' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Covenant Logistics is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Covenant Logistics' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Covenant Logistics Short Properties
Covenant Logistics' future price predictability will typically decrease when Covenant Logistics' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Covenant Logistics Group often depends not only on the future outlook of the potential Covenant Logistics' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Covenant Logistics' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 27.7 M | |
| Cash And Short Term Investments | 35.6 M |
Check out Historical Fundamental Analysis of Covenant Logistics to cross-verify your projections. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Can Cargo Ground Transportation industry sustain growth momentum? Does Covenant have expansion opportunities? Factors like these will boost the valuation of Covenant Logistics. Projected growth potential of Covenant fundamentally drives upward valuation adjustments. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating Covenant Logistics demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Quarterly Earnings Growth (0.25) | Dividend Share 0.265 | Earnings Share 1.07 | Revenue Per Share | Quarterly Revenue Growth 0.031 |
The market value of Covenant Logistics is measured differently than its book value, which is the value of Covenant that is recorded on the company's balance sheet. Investors also form their own opinion of Covenant Logistics' value that differs from its market value or its book value, called intrinsic value, which is Covenant Logistics' true underlying value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Because Covenant Logistics' market value can be influenced by many factors that don't directly affect Covenant Logistics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between Covenant Logistics' intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Covenant Logistics should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Covenant Logistics' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.