CNVS Technical Analysis - CINEVERSE CORP

Technical Rating and Analysis

Overall CNVS gets a technical rating of 2 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.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

In the last month CNVS has a been trading in the 3.20 - 5.39 range, which is quite wide. It is currently trading near the lows of this range.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

CNVS is one of the better performing stocks in the Entertainment industry, it outperforms 92% of 80 stocks in the same industry.

Looking at the yearly performance, CNVS did better than 95% of all other 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CINEVERSE CORP / CNVS Weekly stock chart

Setup Rating and Analysis

CNVS has a poor technical rating and the quality of the setup is also not perfect 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

3.18

4.79

We found 1 important support area.

A support zone ranging from 3.21 to 3.30. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

Resistance @4.74 from a trend line 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	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	95.87	POSITIVE	CNVS has a high relative strength, it outperformed 95.87% 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)	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)	37.21	NEUTRAL	The RSI value for CNVS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests CNVS has a positive trend.
Stochastics (14,3)	29.46	NEUTRAL	The Stochastics value for CNVS is a neutral value.
Average True Range in percent/ATR (20)	7.62	HIGH VOLATILITY	The high ATR as a percentage value for CNVS suggests high volalility.
Average Directional Index/ADX (14)	35.2	POSITIVE	The high ADX value value for CNVS suggests a strong trend.