CONVERGE TECHNOLOGY SOLUTION (CTS.CA) Stock Technical Analysis
TSX:CTS - Toronto Stock Exchange - CA21250C1068 - Common Stock - Currency: CAD
We assign a technical rating of 9 out of 10 to CTS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CTS is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
CTS is one of the better performing stocks in the IT Services industry, it outperforms 100% of 14 stocks in the same industry.
CTS is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so CTS slightly outperforms the market at the moment.
CTS has an average volume of 1512750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CTS is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month CTS has a been trading in a tight range between 5.39 and 5.47.
Volume is considerably higher in the last couple of days.
CTS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 5.43, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.09
5.49
When analyzing the support we can see 4 important areas.
- A support zone ranging from 5.41 to 5.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.59 from a trend line in the daily time frame.
- Support @3.42 from a trend line in the daily time frame.
- Support @3.12 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.32
Mansfield1.82
10 Day High5.47
10 Day Low5.42
20 Day High5.47
20 Day Low5.39
52 Week High6.06
52 Week Low2.9
Performance
1 Week0%
2 Weeks0.18%
1 Month54.11%
3 Month64.35%
6 Month25.93%
12 Month0.37%
2 Year33.33%
3 Year-46.82%
5 Year504.44%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.06
RSI(14)78.74
LBB5.42
UBB5.46
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.48 | 5.41 | 0.07 (1.37%) | 25.00% |
| An entry @5.48. This is a Buy Stop order right above the 10 day high. | An exit @5.41. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 1.37%. | For a 0.34% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:CTS (3/7/2025, 7:00:00 PM)
5.44
-0.01 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.18%
1 Week0%
2 Weeks0.18%
1 Month54.11%
3 Month64.35%
6 Month25.93%
12 Month0.37%
2 Year33.33%
3 Year-46.82%
5 Year504.44%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%2.24%
ATR Inc-18.6%
Range Today0.02
ADR(20)0.03
ADR(20)%0.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.32
Mansfield1.82
10 Day High5.47
10 Day Low5.42
20 Day High5.47
20 Day Low5.39
52 Week High6.06
52 Week Low2.9
CS1 End5.43
CR1 StartN/A
Volume & EV
DER(3)2.13%
DER(5)2.67%
Volume1.64M
Volume Incr-15.08%
Vol(5)2.29M
Vol(50)1.51M