(CVCO) Long Term Investment Analysis

April 20, 2024, 15:38 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CVCO

• Buy CVCO slightly over 357.03 target 395.54 stop loss @ 356 Details

The technical summary data tells us to buy CVCO near 357.03 with an upside target of 395.54. This data also tells us to set a stop loss @ 356 to protect against excessive loss in case the stock begins to move against the trade. 357.03 is the first level of support below 358.2 , and by rule, any test of support is a buy signal. In this case, support 357.03 is being tested, a buy signal would exist.

• Short CVCO slightly under 395.54, target 357.03, stop loss @ 396.68 Details

The technical summary data is suggesting a short of CVCO as it gets near 395.54 with a downside target of 357.03. We should have a stop loss in place at 396.68though. 395.54 is the first level of resistance above 358.2, and by rule, any test of resistance is a short signal. In this case, if resistance 395.54 is being tested, a short signal would exist.

Swing Trading Plans for CVCO

• Buy CVCO slightly over 364.24, target 395.54, Stop Loss @ 363.19 Details

If 364.24 begins to break higher, the technical summary data tells us to buy CVCO just slightly over 364.24, with an upside target of 395.54. The data also tells us to set a stop loss @ 363.19 in case the stock turns against the trade. 364.24 is the first level of resistance above 358.2, and by rule, any break above resistance is a buy signal. In this case, 364.24, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CVCO slightly near 364.24, target 357.03, Stop Loss @ 365.29. Details

The technical summary data is suggesting a short of CVCO if it tests 364.24 with a downside target of 357.03. We should have a stop loss in place at 365.29 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 364.24, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CVCO

• Buy CVCO slightly over 364.24, target 395.54, Stop Loss @ 363.39 Details

If 364.24 begins to break higher, the technical summary data tells us to buy CVCO just slightly over 364.24, with an upside target of 395.54. The data also tells us to set a stop loss @ 363.39 in case the stock turns against the trade. 364.24 is the first level of resistance above 358.2, and by rule, any break above resistance is a buy signal. In this case, 364.24, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CVCO slightly near 364.24, target 357.03, Stop Loss @ 365.09. Details

The technical summary data is suggesting a short of CVCO if it tests 364.24 with a downside target of 357.03. We should have a stop loss in place at 365.09 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 364.24, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Cavco Industries Inc. (CVCO) available here: CVCO.

CVCO Ratings for April 20:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	319.15
P2	344.44	349.95	357.03
P3	349.66	364.24	395.54

AI Generated Signals for CVCO

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Technically, Cavco Industries Inc. (NASDAQ: CVCO) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CVCO change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CVCO is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CVCO too.  All of these are offered below the Summary Table.