CINEVERSE CORP (CNVS) Stock Technical Analysis
NASDAQ:CNVS - US1724063086 - Common Stock
4.05 USD
-0.84 (-17.18%)
4.01 USD
-0.04 (-0.99%)
Overall CNVS gets a technical rating of 3 out of 10. Although CNVS is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month CNVS has a been trading in the 3.84 - 6.25 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
CNVS is one of the better performing stocks in the Entertainment industry, it outperforms 98% of 79 stocks in the same industry.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the yearly performance of all stocks, we notice that CNVS is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
CNVS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CNVS is lagging the market.
The technical rating of CNVS is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
4.01
5.56
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.42 to 5.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for CNVS is down. |
| ChartMill Relative Strength | 98.82 | POSITIVE | CNVS has a high relative strength, it outperformed 98.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNVS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CNVS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CNVS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.35 | NEUTRAL | The RSI value for CNVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests CNVS has a negative trend. |
| Stochastics (14,3) | 27.75 | NEUTRAL | The Stochastics value for CNVS is a neutral value. |
| Average True Range in percent/ATR (20) | 11.9 | HIGH VOLATILITY | The high ATR as a percentage value for CNVS suggests high volalility. |
| Average Directional Index/ADX (14) | 18.66 | NEGATIVE | The low ADX value for CNVS suggests a weak or negative trend. |
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)
4.05
-0.84 (-17.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-17.18%
1 Week-19.96%
2 Weeks-14.92%
1 Month-23.87%
3 Month11.57%
6 Month12.19%
12 Month421.37%
2 Year246.18%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.52
ATR(20)%11.9%
ATR Inc40.82%
Range Today0.45
ADR(20)0.42
ADR(20)%10.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.82
Mansfield0.45
10 Day High5.43
10 Day Low3.84
20 Day High6.25
20 Day Low3.84
52 Week High7.39
52 Week Low0.72
CS1 EndN/A
CR1 Start5.42
Volume & EV
DER(3)-6.28%
DER(5)-5.29%
Volume928.20K
Volume Incr28.58%
Vol(5)414.26K
Vol(50)457.54K