CVG Technical Analysis - CLAIRVEST GROUP INC

Technical Rating and Analysis

Taking everything into account, CVG scores 7 out of 10 in our technical rating. 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 is one of the lesser performing stocks in the Capital Markets industry. 63% of 81 stocks in the same industry do better.

Warning: CVG has an average volume of 984 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

When compared to the yearly performance of all other stocks, CVG outperforms 47% of them, which is more or less in line with the market.

CVG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CVG is lagging the market.

In the last month CVG has a been trading in the 70.00 - 78.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CLAIRVEST GROUP INC / CVG Weekly stock chart

CLAIRVEST GROUP INC / CVG Daily stock chart

Setup Rating and Analysis

Although CVG has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

66.53

79.03

2 important support areas can be observed.

Support @69.66 from a horizontal line in the daily time frame.
A support zone ranging from 67.20 to 67.75. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 77.87 to 78.25. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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 CVG.CA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for CVG.CA is neutral.
ChartMill Relative Strength	47.83	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)	54.63	NEUTRAL	The RSI value for CVG.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.33	NEGATIVE	The MACD value suggests CVG.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	29.7	NEUTRAL	The Stochastics value for CVG.CA is a neutral value.
Average True Range in percent/ATR (20)	1.74	LOW VOLATILITY	The low ATR as a percentage value for CVG.CA suggests low volalility.
Average Directional Index/ADX (14)	18.35	NEGATIVE	The low ADX value for CVG.CA suggests a weak or negative trend.