CINEVERSE CORP (CNVS) Stock Technical Analysis
NASDAQ:CNVS - Nasdaq - US1724063086 - Common Stock - Currency: USD
Overall CNVS gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month CNVS has a been trading in the 4.92 - 7.39 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.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
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. We also observe that the gains produced by CNVS over the past year are nicely spread over this period.
CNVS is part of the Entertainment industry. There are 73 other stocks in this industry. CNVS outperforms 98% of them.
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.
Although CNVS has an excellent technical rating, it does not offer a high quality setup 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
4.98
5.37
We found 2 important support areas.
- Support @5.15 from a horizontal line in the weekly time frame.
- Support @5.03 from a horizontal line 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 | UP | POSITIVE | The long term trend for CNVS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNVS is neutral. |
| ChartMill Relative Strength | 99.29 | POSITIVE | CNVS has a high relative strength, it outperformed 99.29% 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 | 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) | 46.03 | NEUTRAL | The RSI value for CNVS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests CNVS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.91 | OVERSOLD | The low Stochastics value suggests CNVS may be oversold. |
| Average True Range in percent/ATR (20) | 9.49 | HIGH VOLATILITY | The high ATR as a percentage value for CNVS suggests high volalility. |
| Average Directional Index/ADX (14) | 35.73 | 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)
5.32
+0.16 (+3.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg3.1%
1 Week-7.96%
2 Weeks-12.79%
1 Month-17.13%
3 Month92.05%
6 Month34.68%
12 Month523.02%
2 Year366.67%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%9.49%
ATR Inc-16.93%
Range Today0.35
ADR(20)0.5
ADR(20)%9.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.29
Mansfield5.12
10 Day High6.47
10 Day Low4.92
20 Day High7.39
20 Day Low4.92
52 Week High7.39
52 Week Low0.72
CS1 End5.15
CR1 StartN/A
Volume & EV
DER(3)0.36%
DER(5)-5.35%
Volume227.40K
Volume Incr-48.64%
Vol(5)267.82K
Vol(50)345.46K