NASDAQ:CNVS • US1724063086
We assign a technical rating of 5 out of 10 to CNVS. Recently some decent action could be observed, but in the medium term time frame this is still negative. CNVS was also a bad performer in the overall market in the last year.
CNVS has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
2.95
When analyzing the resistance we notice one important area.
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 | UP | POSITIVE | The short term trend for CNVS is up. |
| ChartMill Relative Strength | 26.01 | NEGATIVE | CNVS has a low relative strength, it was outperformed by 73.99% 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 | MIXED | The current price of CNVS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.99 | OVERBOUGHT | The high RSI value suggests CNVS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests CNVS has a positive trend. |
| Stochastics (14,3) | 72.19 | NEUTRAL | The Stochastics value for CNVS is a neutral value. |
| Average True Range in percent/ATR (20) | 8.39 | HIGH VOLATILITY | The high ATR as a percentage value for CNVS suggests high volalility. |
| Average Directional Index/ADX (14) | 23.89 | NEUTRAL | The ADX value for CNVS suggests a possible start of a new trend. |
2.98
+0.01 (+0.34%)
ChartMill assigns a technical rating of 5 / 10 to CNVS.
The current trend direction for CINEVERSE CORP (CNVS) is Bearish.
CINEVERSE CORP (CNVS) has an RSI value of 73.9891. This indicates that the stock is currently overbought.
The short term momentum for CINEVERSE CORP (CNVS) is positive.