CONVERGENZE SPA SOCIETA BENE (CVG.MI) Stock Technical Analysis
BIT:CVG - Euronext Milan - IT0005426215 - Common Stock - Currency: EUR
Taking everything into account, CVG scores 6 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.
84% of all other stocks performed better in the past year than CVG.
CVG is part of the Diversified Telecommunication Services industry. There are 32 other stocks in this industry, of which 67% are performing better than CVG.
Warning: CVG has an average volume of 17460 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
CVG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CVG is lagging the market slightly.
In the last month CVG has a been trading in the 1.56 - 2.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CVG has an average technical rating and it also 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.
More info and screens
1.61
2.09
4 important support areas can be observed.
- Support @1.94 from a trend line in the weekly time frame.
- A support zone ranging from 1.87 to 1.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.72 to 1.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.63 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @1.96 from a trend line in the daily time frame.
- A resistance zone ranging from 2.04 to 2.07. 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 | UP | POSITIVE | The short term trend for CVG.MI is up. |
| ChartMill Relative Strength | 16.74 | NEGATIVE | CVG.MI has a low relative strength, it was outperformed by 83.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVG.MI is above 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) | 58.22 | NEUTRAL | The RSI value for CVG.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CVG.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.28 | NEUTRAL | The Stochastics value for CVG.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.74 | MEDIUM VOLATILITY | The ATR as a percentage value for CVG.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 17.73 | NEGATIVE | The low ADX value for CVG.MI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
BIT:CVG (5/28/2025, 7:00:00 PM)
1.94
+0.02 (+1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg1.04%
1 Week0.52%
2 Weeks16.17%
1 Month8.99%
3 Month6.01%
6 Month-2.02%
12 Month-38.99%
2 Year-16.74%
3 Year-42.43%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%4.74%
ATR Inc-53.02%
Range Today0.04
ADR(20)0.07
ADR(20)%3.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.74
Mansfield-2.88
10 Day High2.1
10 Day Low1.56
20 Day High2.1
20 Day Low1.56
52 Week High3.76
52 Week Low0.98
CS1 End1.94
CR1 Start1.96
Volume & EV
DER(3)0%
DER(5)0%
Volume1.50K
Volume Incr-26.23%
Vol(5)11.60K
Vol(50)17.46K