Taking everything into account, CNVS scores 1 out of 10 in our technical rating. CNVS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, CNVS is a bad performer in the overall market: 93% of all stocks are doing better.
- CNVS is one of the lesser performing stocks in the Entertainment industry. 68% of 80 stocks in the same industry do better.
- CNVS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month CNVS has a been trading in the 1.91 - 2.26 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although the technical rating is bad, CNVS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.15. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for CNVS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.02
We found 1 important support area.
- Support @2.04 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.15 to 2.17. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for CNVS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNVS is down. |
| ChartMill Relative Strength | 7.99 | NEGATIVE | CNVS has a low relative strength, it was outperformed by 92.01% 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) | 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) | 43.84 | NEUTRAL | The RSI value for CNVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CNVS has a positive trend. |
| Stochastics (14,3) | 47.62 | NEUTRAL | The Stochastics value for CNVS is a neutral value. |
| Average True Range in percent/ATR (20) | 6.34 | HIGH VOLATILITY | The high ATR as a percentage value for CNVS suggests high volalility. |
| Average Directional Index/ADX (14) | 14.5 | NEGATIVE | The low ADX value for CNVS suggests a weak or negative trend. |
2.1
+0.03 (+1.45%)
CINEVERSE CORP / CNVS FAQ
What is the technical rating for CNVS stock?
ChartMill assigns a technical rating of 1 / 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 CNVS stock?
CINEVERSE CORP (CNVS) has an RSI value of 43.8444. This indicates that the stock is currently neutral.
What is the short term momentum for CINEVERSE CORP (CNVS) stock?
The short term momentum for CINEVERSE CORP (CNVS) is negative.
Can you provide the buy/sell signal for CINEVERSE CORP?
The buy/sell signal for CINEVERSE CORP (CNVS) is sell as both the short term and long term trends are negative.