CINEVERSE CORP (CNVS) Stock Technical Analysis
NASDAQ:CNVS - Nasdaq - US1724063086 - Common Stock - Currency: USD
Overall CNVS gets a technical rating of 10 out of 10. Both in the recent history as in the last year, CNVS has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that CNVS is one of the better performing stocks in the market, outperforming 99% of all stocks. On top of that, CNVS also shows a nice and consistent pattern of rising prices.
CNVS is one of the better performing stocks in the Entertainment industry, it outperforms 100% of 72 stocks in the same industry.
CNVS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month CNVS has a been trading in the 3.72 - 7.39 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CNVS has an excellent technical rating, it does not present a decent entry opportunity 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
6.73
6.87
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 CNVS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNVS is up. |
| ChartMill Relative Strength | 99.5 | POSITIVE | CNVS has a high relative strength, it outperformed 99.5% off all stocks 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) | UP | POSITIVE | The current price of CNVS is above 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) | 85.21 | OVERBOUGHT | The high RSI value suggests CNVS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests CNVS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.38 | OVERBOUGHT | The high Stochastics value suggests CNVS may be overbought. |
| Average True Range in percent/ATR (20) | 6.76 | HIGH VOLATILITY | The high ATR as a percentage value for CNVS suggests high volalility. |
| Average Directional Index/ADX (14) | 66.18 | POSITIVE | The high ADX value value for CNVS suggests a strong 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)
6.8
-0.02 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-0.29%
1 Week12.58%
2 Weeks62.68%
1 Month73.47%
3 Month163.57%
6 Month90.48%
12 Month666.63%
2 Year319.75%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.58
ATR(20)%6.76%
ATR Inc-8.65%
Range Today0.37
ADR(20)0.45
ADR(20)%6.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.5
Mansfield11.81
10 Day High7.39
10 Day Low4.42
20 Day High7.39
20 Day Low3.72
52 Week High7.39
52 Week Low0.72
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)4.23%
DER(5)-1.11%
Volume192.90K
Volume Incr151.24%
Vol(5)938.18K
Vol(50)277.56K