CINEVERSE CORP (CNVS) Technical Analysis
NASDAQ:CNVS • US1724063086
Current stock price
CNVS Technical Rating and Analysis
Overall CNVS gets a technical rating of 5 out of 10. In the last year, CNVS was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- CNVS 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 short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- When comparing the performance of all stocks over the past year, CNVS turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
- CNVS is part of the Entertainment industry. There are 79 other stocks in this industry, CNVS did better than 66% of them.
- In the last month CNVS has a been trading in the 2.27 - 2.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CNVS Weekly and Daily overview Charts
CNVS Setup Rating and Analysis
CNVS has an average technical rating and the quality of the presented setup is also not ideal 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.
More info and screens
CNVS Support and Resistance Analysis
2.14
We found 2 important support areas.
- A support zone ranging from 2.28 to 2.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.16 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.60 to 2.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.01 from a trend line in the daily time frame.
CNVS 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 | NEUTRAL | NEUTRAL | The long term trend for CNVS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNVS is up. |
| ChartMill Relative Strength | 57.18 | NEUTRAL | CNVS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNVS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNVS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNVS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.26 | NEUTRAL | The RSI value for CNVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CNVS has a positive trend. |
| Stochastics (14,3) | 68.54 | NEUTRAL | The Stochastics value for CNVS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.14 | HIGH VOLATILITY | The high ATR as a percentage value for CNVS suggests high volalility. |
| Average Directional Index/ADX (14) | 13.75 | NEGATIVE | The low ADX value for CNVS suggests a weak or negative trend. |
CNVS Chart- and CandleStick Pattern Analysis
CNVS Technicals: Chart, Performance Metrics, Trend & Indicators
2.6
+0.01 (+0.39%)
CINEVERSE CORP / CNVS TA FAQ
What is the technical rating for CNVS stock?
ChartMill assigns a technical rating of 5 / 10 to CNVS.
What is the current trend direction of CINEVERSE CORP (CNVS) stock?
The current trend direction for CINEVERSE CORP (CNVS) is Bearish.
What is the RSI signal for CINEVERSE CORP (CNVS) stock?
CINEVERSE CORP (CNVS) has an RSI value of 60.2577. This indicates that the stock is currently neutral.
What is the MACD signal for CNVS stock?
The MACD indicator for CINEVERSE CORP (CNVS) has a value of 0.0312043, indicating a bearish trend.
Can you provide the short term momentum for CINEVERSE CORP?
The short term momentum for CINEVERSE CORP (CNVS) is positive.