CVNA Weekly Options Trade Plan 2025-06-17
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CVNA Weekly Analysis Summary (2025-06-17)
Summary of Key Points from Model Reports
Technical Analysis
Mixed Signals: The 5-minute chart indicates short-term bullishness with significant resistance above at $296, while the daily chart suggests a bearish trend given the stock’s recent 12.96% decline over the past week. Momentum Indicators: The MACD on the daily chart is deeply negative, indicating strong bearish momentum. The RSI on the daily chart is at 37.32, suggesting room for further decline, while the 5-minute RSI is nearing overbought levels. Bollinger Bands: The price is near the upper band on the 5-minute chart, indicating potential resistance, while on the daily chart it remains below the middle band, reflecting bearish pressure. Support and Resistance: Key support is seen at $290 and $285, with resistance around $296.68. Market Sentiment