CONVERGENZE SPA SOCIETA BENE (CVG.MI) Stock Technical Analysis
BIT:CVG - Euronext Milan - IT0005426215 - Common Stock - Currency: EUR
Taking everything into account, CVG scores 2 out of 10 in our technical rating. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
100% of all other stocks performed better in the past year than CVG.
CVG is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 85% of 29 stocks in the same industry do better.
In the last month CVG has a been trading in the 1.64 - 1.94 range, which is quite wide. It is currently trading near the lows of this range.
Warning: CVG has an average volume of 22280 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, CVG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
1.60
1.92
We found 2 important support areas.
- A support zone ranging from 1.68 to 1.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.62 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.72 to 1.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.88 to 1.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High1.81
10 Day Low1.64
20 Day High1.94
20 Day Low1.64
52 Week HighN/A
52 Week LowN/A
Performance
1 Week0.6%
2 Weeks-2.87%
1 Month3.68%
3 Month-9.63%
6 Month-35.74%
12 MonthN/A
2 Year-35.74%
3 Year-45.48%
5 YearN/A
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)-0.01
RSI(14)45.5
LBB1.66
UBB1.86
BIT:CVG (3/5/2025, 7:00:00 PM)
1.69
-0.05 (-2.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg-2.87%
1 Week0.6%
2 Weeks-2.87%
1 Month3.68%
3 Month-9.63%
6 Month-35.74%
12 MonthN/A
2 Year-35.74%
3 Year-45.48%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%4.2%
ATR Inc-5.21%
Range Today0.05
ADR(20)0.04
ADR(20)%2.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High1.81
10 Day Low1.64
20 Day High1.94
20 Day Low1.64
52 Week HighN/A
52 Week LowN/A
CS1 End1.68
CR1 Start1.72
Volume & EV
DER(3)0%
DER(5)0%
Volume11.00K
Volume Incr-28.05%
Vol(5)5.90K
Vol(50)22.28K