CNVI Technical Analysis - CONAVI MEDICAL CORP

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to CNVI. Although CNVI is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

100% of all other stocks performed better in the past year than CNVI.

CNVI is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 93% of 16 stocks in the same industry do better.

CNVI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

The long and short term trends are both positive. This is looking good!

In the last month CNVI has a been trading in the 0.47 - 0.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CONAVI MEDICAL CORP / CNVI Weekly stock chart

CONAVI MEDICAL CORP / CNVI Daily stock chart

Setup Rating and Analysis

Although CNVI has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.44

0.72

3 important support areas can be observed.

Support @0.48 from a trend line in the daily time frame.
Support @0.47 from a trend line in the weekly time frame.
Support @0.44 from a horizontal line in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 0.65 to 0.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 0.70 to 0.71. This zone is formed by a combination of multiple trend lines in the daily time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for CNVI.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CNVI.CA is up.
ChartMill Relative Strength	0	NEGATIVE	CNVI.CA has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CNVI.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CNVI.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of CNVI.CA is above a declining SMA(200).
Relative Strength Index/RSI (14)	55.6	NEUTRAL	The RSI value for CNVI.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests CNVI.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	77.78	NEUTRAL	The Stochastics value for CNVI.CA is a neutral value.
Average True Range in percent/ATR (20)	7.26	HIGH VOLATILITY	The high ATR as a percentage value for CNVI.CA suggests high volalility.
Average Directional Index/ADX (14)	32.38	POSITIVE	The high ADX value value for CNVI.CA suggests a strong trend.