CLAIRVEST GROUP INC (CVG.CA) Stock Technical Analysis
TSX:CVG - Toronto Stock Exchange - CA17965L1004 - Common Stock - Currency: CAD
Taking everything into account, CVG scores 5 out of 10 in our technical rating. In the last year, CVG was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
CVG has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 73.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 70.90, a Stop Loss order could be placed below this zone.
More info and screens
65.34
We found 2 important support areas.
- A support zone ranging from 69.66 to 70.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 66.00 to 67.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 73.00 to 74.86. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for CVG.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CVG.CA is neutral. |
| ChartMill Relative Strength | 38.93 | 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) | DOWN | MIXED | The current price of CVG.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.59 | NEUTRAL | The RSI value for CVG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CVG.CA has a negative trend. |
| Stochastics (14,3) | 26.11 | NEUTRAL | The Stochastics value for CVG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.41 | LOW VOLATILITY | The low ATR as a percentage value for CVG.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 20.52 | NEUTRAL | The ADX value for CVG.CA suggests a possible start of a new trend. |
TSX:CVG (6/13/2025, 7:00:00 PM)
71.35
+0.35 (+0.49%)