TSX:CVG - Toronto Stock Exchange - CA17965L1004 - Common Stock - Currency: CAD
We assign a technical rating of 0 out of 10 to CVG. CVG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, CVG does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 69.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 68.95, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CVG in the last couple of days, which is a good sign.
67.07
We found 1 important support area.
4 important resistance areas can be observed.
TSX:CVG (3/7/2025, 7:00:00 PM)
69
+0.72 (+1.05%)