Convey Health Solutions Holdings Inc (CNVY) Stock Technical Analysis
NYSE:CNVY - New York Stock Exchange, Inc. - US21258C1080 - Common Stock - Currency: USD
Taking everything into account, CNVY scores 7 out of 10 in our technical rating. Both in the recent history as in the last year, CNVY has proven to be a steady performer, scoring decent points in every aspect analyzed.
CNVY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 10.50, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CNVY 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.
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10.34
We found 1 important support area.
- A support zone ranging from 10.44 to 10.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.53 to 10.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 CNVY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNVY is up. |
| ChartMill Relative Strength | 94.07 | POSITIVE | CNVY has a high relative strength, it outperformed 94.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNVY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNVY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CNVY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.77 | NEUTRAL | The RSI value for CNVY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CNVY has a negative trend. |
| Stochastics (14,3) | 71.06 | NEUTRAL | The Stochastics value for CNVY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.64 | LOW VOLATILITY | The low ATR as a percentage value for CNVY suggests low volalility. |
| Average Directional Index/ADX (14) | 45.86 | POSITIVE | The high ADX value value for CNVY suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.59 | 10.47 | 0.13 (1.18%) | 25.00% |
| An entry @10.59. This is a Buy Stop order right above the resistance zone. | An exit @10.46. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.13 points, which is 1.18%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.30%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.51
-0.05 (-0.47%)