TSX:CVG - Toronto Stock Exchange - CA17965L1004 - Common Stock - Currency: CAD
Overall CVG gets a technical rating of 8 out of 10. Although CVG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
CVG has an excellent technical rating, but the quality of the setup is only medium 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.
65.34
3 important support areas can be observed.
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 | UP | POSITIVE | The long term trend for CVG.CA is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVG.CA is up. |
ChartMill Relative Strength | 48.35 | NEUTRAL | CVG.CA is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVG.CA is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVG.CA is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVG.CA is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 59.73 | NEUTRAL | The RSI value for CVG.CA is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests CVG.CA has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 68.24 | NEUTRAL | The Stochastics value for CVG.CA is a neutral value. |
Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for CVG.CA suggests low volalility. |
Average Directional Index/ADX (14) | 20.62 | NEUTRAL | The ADX value for CVG.CA suggests a possible start of a new trend. |
TSX:CVG (7/9/2025, 7:00:00 PM)
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