CONVERGENZE SPA SOCIETA BENE (CVG.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:CVG - IT0005426215 - Common Stock
We assign a technical rating of 0 out of 10 to CVG. CVG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 96% of all other stocks performed better in the past year than CVG.
- CVG is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 83% of 31 stocks in the same industry do better.
- CVG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CVG has a been trading in the 1.68 - 2.38 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Warning: CVG has an average volume of 24130 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- Considerably lower volume is observed in the last couple of days.
The technical rating of CVG is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.59
We found 1 important support area.
- A support zone ranging from 1.61 to 1.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.89 to 1.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.04 to 2.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.24 from a horizontal line in the daily time frame.
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.MI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CVG.MI is down. |
| ChartMill Relative Strength | 4.61 | NEGATIVE | CVG.MI has a low relative strength, it was outperformed by 95.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CVG.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CVG.MI is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 35.15 | NEUTRAL | The RSI value for CVG.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CVG.MI has a negative trend. |
| Average True Range in percent/ATR (20) | 6.52 | HIGH VOLATILITY | The high ATR as a percentage value for CVG.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 23.09 | NEUTRAL | The ADX value for CVG.MI suggests a possible start of a new trend. |
BIT:CVG (12/29/2025, 7:00:00 PM)
1.68
-0.04 (-2.33%)
CONVERGENZE SPA SOCIETA BENE / CVG.MI FAQ
What is the ChartMill technical rating of CONVERGENZE SPA SOCIETA BENE (CVG.MI) stock?
ChartMill assigns a technical rating of 0 / 10 to CVG.MI.
What is the trend direction for CVG stock?
The current trend direction for CONVERGENZE SPA SOCIETA BENE (CVG.MI) is Bearish.
What is the RSI signal for CONVERGENZE SPA SOCIETA BENE (CVG.MI) stock?
CONVERGENZE SPA SOCIETA BENE (CVG.MI) has an RSI value of 35.1471. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for CONVERGENZE SPA SOCIETA BENE?
CONVERGENZE SPA SOCIETA BENE (CVG.MI) has a support level at 1.63 and a resistance level at 1.89. Check the full technical report for our detailed analysis of CVG.MI support and resistance levels.