CONVERGENZE SPA SOCIETA BENE (CVG.MI) Stock Technical Analysis
Europe - BIT:CVG - IT0005426215 - Common Stock
Overall CVG gets a technical rating of 5 out of 10. CVG has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
CVG has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.08. Right above this resistance zone may be a good entry point.
More info and screens
1.61
3 important support areas can be observed.
- A support zone ranging from 1.96 to 1.96. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A support zone ranging from 1.89 to 1.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.63 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.08 to 2.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.24 to 2.25. 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 | UP | POSITIVE | The long term trend for CVG.MI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CVG.MI is neutral. |
| ChartMill Relative Strength | 18.74 | NEGATIVE | CVG.MI has a low relative strength, it was outperformed by 81.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CVG.MI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVG.MI is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 50.04 | NEUTRAL | The RSI value for CVG.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CVG.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.38 | OVERSOLD | The low Stochastics value suggests CVG.MI may be oversold. |
| Average True Range in percent/ATR (20) | 5.69 | HIGH VOLATILITY | The high ATR as a percentage value for CVG.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 25.13 | POSITIVE | The high ADX value value for CVG.MI suggests a strong trend. |
BIT:CVG (10/20/2025, 7:00:00 PM)
1.97
+0.05 (+2.6%)
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 5 / 10 to CVG.MI.
What is the current trend direction of CONVERGENZE SPA SOCIETA BENE (CVG.MI) stock?
The current trend direction for CONVERGENZE SPA SOCIETA BENE (CVG.MI) is Bullish.
Can you provide the RSI signal for CONVERGENZE SPA SOCIETA BENE?
CONVERGENZE SPA SOCIETA BENE (CVG.MI) has an RSI value of 50.0358. This indicates that the stock is currently neutral.
What is the MACD signal for CVG stock?
The MACD indicator for CONVERGENZE SPA SOCIETA BENE (CVG.MI) has a value of -0.022397, indicating a bearish trend.
Can you provide the short term momentum for CONVERGENZE SPA SOCIETA BENE?
The short term momentum for CONVERGENZE SPA SOCIETA BENE (CVG.MI) is neutral.