Covenant Logistics Stock Forecast - Simple Moving Average
| CVLG Stock | USD 25.91 0.68 2.56% |
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.
The value of relative strength index of Covenant Logistics' stock price is roughly 63 suggesting that the stock is rather overbought by investors as of 27th of January 2026. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Covenant, making its price go up or down. Momentum 63
Buy Extended
Oversold | Overbought |
Quarterly Earnings Growth (0.25) | EPS Estimate Next Quarter 0.4474 | EPS Estimate Current Year 1.5512 | EPS Estimate Next Year 2.012 | 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 22.4424 | Short Percent 0.0328 | Short Ratio 3.18 | Shares Short Prior Month 132.2 K | 50 Day MA 22.3688 |
Covenant Relative Strength Index
The Simple Moving Average forecasted value of Covenant Logistics Group on the next trading day is expected to be 25.91 with a mean absolute deviation of 0.42 and the sum of the absolute errors of 25.15.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 | 0.94 |
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.
The Simple Moving Average forecasted value of Covenant Logistics Group on the next trading day is expected to be 25.91 with a mean absolute deviation of 0.42 and the sum of the absolute errors of 25.15. Covenant Logistics after-hype prediction price | USD 25.91 |
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 0.0588% per day over the life of the 2026-03-20 option contract. With Covenant Logistics trading at USD 25.91, that is roughly USD 0.0152 . 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 0.94%. 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 |
Covenant Logistics Simple Moving Average Price Forecast For the 28th of January
Given 90 days horizon, the Simple Moving Average forecasted value of Covenant Logistics Group on the next trading day is expected to be 25.91 with a mean absolute deviation of 0.42, mean absolute percentage error of 0.32, and the sum of the absolute errors of 25.15.Please note that although there have been many attempts to predict Covenant Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Covenant Logistics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Covenant Logistics Stock Forecast Pattern
| Backtest Covenant Logistics | Covenant Logistics Price Prediction | Buy or Sell Advice |
Covenant Logistics Forecasted Value
In the context of forecasting Covenant Logistics' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Covenant Logistics' downside and upside margins for the forecasting period are 23.78 and 28.04, respectively. We have considered Covenant Logistics' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Covenant Logistics stock data series using in forecasting. Note that when a statistical model is used to represent Covenant Logistics stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 115.1453 |
| Bias | Arithmetic mean of the errors | -0.1467 |
| MAD | Mean absolute deviation | 0.4192 |
| MAPE | Mean absolute percentage error | 0.0188 |
| SAE | Sum of the absolute errors | 25.15 |
Predictive Modules for Covenant Logistics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Covenant Logistics. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Covenant Logistics After-Hype Price Density Analysis
As far as predicting the price of Covenant Logistics at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Covenant Logistics or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Covenant Logistics, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Covenant Logistics Estimiated After-Hype Price Volatility
In the context of predicting Covenant Logistics' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Covenant Logistics' historical news coverage. Covenant Logistics' after-hype downside and upside margins for the prediction period are 23.80 and 28.02, respectively. We have considered Covenant Logistics' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Covenant Logistics is very steady at this time. Analysis and calculation of next after-hype price of Covenant Logistics is based on 3 months time horizon.
Covenant Logistics Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Covenant Logistics is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Covenant Logistics backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Covenant Logistics, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.45 | 2.13 | 0.37 | 0.11 | 8 Events / Month | 5 Events / Month | In about 8 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
25.91 | 25.91 | 0.00 |
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Covenant Logistics Hype Timeline
Covenant Logistics is currently traded for 25.91. The entity has historical hype elasticity of 0.37, and average elasticity to hype of competition of 0.11. Covenant is expected not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is expected to be very small, whereas the daily expected return is currently at 0.45%. %. The volatility of related hype on Covenant Logistics is about 887.5%, with the expected price after the next announcement by competition of 26.02. About 28.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.53. Some equities with similar Price to Book (P/B) outperform the market in the long run. Covenant Logistics has Price/Earnings To Growth (PEG) ratio of 1.24. The entity last dividend was issued on the 5th of December 2025. The firm had 2:1 split on the 2nd of January 2025. Given the investment horizon of 90 days the next expected press release will be in about 8 days. Check out Historical Fundamental Analysis of Covenant Logistics to cross-verify your projections.Covenant Logistics Related Hype Analysis
Having access to credible news sources related to Covenant Logistics' direct competition is more important than ever and may enhance your ability to predict Covenant Logistics' future price movements. Getting to know how Covenant Logistics' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Covenant Logistics may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| ULH | Universal Logistics Holdings | (0.04) | 10 per month | 0.00 | (0.02) | 8.52 | (6.63) | 18.95 | |
| BXC | BlueLinx Holdings | 0.00 | 0 per month | 2.49 | (0.01) | 7.49 | (3.91) | 13.08 | |
| CASS | Cass Information Systems | 1.08 | 7 per month | 1.05 | 0.11 | 3.60 | (2.22) | 6.75 | |
| SB | Safe Bulkers | (0.07) | 8 per month | 1.04 | 0.14 | 3.34 | (1.72) | 13.45 | |
| KFRC | Kforce Inc | 0.38 | 10 per month | 1.80 | 0.07 | 3.64 | (3.00) | 32.43 | |
| CODI | Compass Diversified Holdings | 0.38 | 14 per month | 0.00 | (0.05) | 6.89 | (6.87) | 35.68 | |
| ASC | Ardmore Shpng | 0.05 | 8 per month | 0.00 | (0.07) | 3.48 | (2.74) | 9.74 | |
| HTLD | Heartland Express | 0.00 | 0 per month | 1.36 | 0.17 | 5.38 | (2.62) | 10.17 | |
| BYRN | Byrna Technologies | 0.38 | 6 per month | 0.00 | (0.17) | 5.19 | (5.41) | 12.95 |
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.
| Accumulation Distribution | 4463.8 | |||
| Daily Balance Of Power | (0.88) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 26.28 | |||
| Day Typical Price | 26.15 | |||
| Price Action Indicator | (0.70) | |||
| Period Momentum Indicator | (0.68) | |||
| Relative Strength Index | 63.92 |
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 | 1.64 | |||
| Semi Deviation | 1.86 | |||
| Standard Deviation | 2.36 | |||
| Variance | 5.59 | |||
| Downside Variance | 4.94 | |||
| Semi Variance | 3.47 | |||
| Expected Short fall | (1.91) |
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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Cargo Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Covenant Logistics. If investors know Covenant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Covenant Logistics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
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. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. 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.
Please note, there is a significant difference between Covenant Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Covenant Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Covenant Logistics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.