Convey Health Solutions Holdings Inc (CNVY) Technical Analysis
NYSE:CNVY • US21258C1080
Current stock price
CNVY Technical Rating and Analysis
Overall CNVY gets a technical rating of 7 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CNVY is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- CNVY is one of the better performing stocks in the Health Care Technology industry, it outperforms 97% of 35 stocks in the same industry.
- CNVY is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CNVY is leading the market.
- When comparing the yearly performance of all stocks, we notice that CNVY is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month CNVY has a been trading in a tight range between 10.43 and 10.73.
- Volume is considerably higher in the last couple of days.
CNVY Weekly and Daily overview Charts
CNVY Setup Rating and Analysis
Besides having an excellent technical rating, CNVY 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.
More info and screens
CNVY Support and Resistance Analysis
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.
CNVY 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 | 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. |
CNVY Chart- and CandleStick Pattern Analysis
CNVY Example Setup
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%. | For a 0.30% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
CNVY Technicals: Chart, Performance Metrics, Trend & Indicators
10.51
-0.05 (-0.47%)
Convey Health Solutions Holdings Inc / CNVY TA FAQ
What is the ChartMill technical rating of Convey Health Solutions Holdings Inc (CNVY) stock?
ChartMill assigns a technical rating of 6 / 10 to CNVY.
Can you provide the trend direction for Convey Health Solutions Holdings Inc?
The current trend direction for Convey Health Solutions Holdings Inc (CNVY) is Bullish.
What is the RSI signal for Convey Health Solutions Holdings Inc (CNVY) stock?
Convey Health Solutions Holdings Inc (CNVY) has an RSI value of 51.7685. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Convey Health Solutions Holdings Inc?
The MACD indicator for Convey Health Solutions Holdings Inc (CNVY) has a value of -0.00705715, indicating a bearish trend.
What is the buy/sell signal for Convey Health Solutions Holdings Inc (CNVY) stock?
The buy/sell signal for Convey Health Solutions Holdings Inc (CNVY) is buy as both the short term and long term trends are positive.