CINEVERSE CORP (CNVS) Technical Analysis
NASDAQ:CNVS • US1724063086
Current stock price
2.32 USD
-0.08 (-3.33%)
At close:
2.32 USD
0 (0%)
After Hours:
CNVS Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to CNVS. 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.
- When comparing the yearly performance of all stocks, CNVS is a bad performer in the overall market: 78% of all stocks are doing better.
- CNVS is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CNVS is lagging the market.
- In the last month CNVS has a been trading in the 2.28 - 3.37 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 long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- CNVS is an average performer in the Entertainment industry, it outperforms 44% of 79 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
CNVS Weekly and Daily overview Charts
CNVS Setup Rating and Analysis
The technical rating of CNVS is bad and it also does not present a 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
CNVS Support and Resistance Analysis
2.05
3.14
We found 1 important support area.
- Support @2.07 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.57 to 2.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.88 from a trend line in the daily time frame.
- A resistance zone ranging from 3.10 to 3.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
CNVS 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 | 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 | 22.61 | NEGATIVE | CNVS has a low relative strength, it was outperformed by 77.39% 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) | DOWN | NEGATIVE | The current price of CNVS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.25 | 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) | 4.76 | OVERSOLD | The low Stochastics value suggests CNVS may be oversold. |
| Average True Range in percent/ATR (20) | 9.36 | HIGH VOLATILITY | The high ATR as a percentage value for CNVS suggests high volalility. |
| Average Directional Index/ADX (14) | 24.99 | NEUTRAL | The ADX value for CNVS suggests a possible start of a new trend. |
CNVS Chart- and CandleStick Pattern Analysis
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)
CNVS Technicals: Chart, Performance Metrics, Trend & Indicators
2.32
-0.08 (-3.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-3.33%
1 Week-10.77%
2 Weeks-22.92%
1 Month-24.43%
3 Month8.92%
6 Month-29.91%
12 Month-34.46%
2 Year66.91%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%9.36%
ATR Inc-35%
Range Today0.16
ADR(20)0.22
ADR(20)%9.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.61
3 months CRS86.49
6 months CRS18.11
Mansfield-3.32
10 Day High3.05
10 Day Low2.28
20 Day High3.37
20 Day Low2.28
52 Week High7.39
52 Week Low1.77
CS1 End2.07
CR1 Start2.57
Volume & EV
DER(3)-6.44%
DER(5)-6.2%
Volume202.20K
Volume Incr-68.65%
Vol(5)159.06K
Vol(50)285.11K
CINEVERSE CORP / CNVS TA FAQ
What is the technical rating for CNVS stock?
ChartMill assigns a technical rating of 2 / 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 36.2522. 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.