CONVERGENZE SPA SOCIETA BENE (CVG.MI) Technical Analysis
BIT:CVG • IT0005426215
Current stock price
CVG.MI Technical Rating and Analysis
Overall CVG gets a technical rating of 0 out of 10. CVG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, CVG is a bad performer in the overall market: 94% of all stocks are doing better.
- CVG is part of the Diversified Telecommunication Services industry. There are 33 other stocks in this industry, of which 68% are performing better than CVG.
- 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 1.66 - 2.12 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 23830 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Considerably lower volume is observed in the last couple of days.
CVG.MI Weekly and Daily overview Charts
CVG.MI Setup Rating and Analysis
The technical rating of CVG is bad and it also does not present a 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
CVG.MI Support and Resistance Analysis
1.60
When analyzing the support we notice one important area.
- A support zone ranging from 1.62 to 1.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.86 to 1.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.97 from a trend line in the daily time frame.
- Resistance @2.03 from a trend line in the weekly time frame.
- Resistance @2.24 from a horizontal line in the daily time frame.
CVG.MI 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 | DOWN | NEGATIVE | The long term trend for CVG.MI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CVG.MI is down. |
| ChartMill Relative Strength | 6.14 | NEGATIVE | CVG.MI has a low relative strength, it was outperformed by 93.86% 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) | 40.53 | NEUTRAL | The RSI value for CVG.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CVG.MI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.48 | OVERSOLD | The low Stochastics value suggests CVG.MI may be oversold. |
| Average True Range in percent/ATR (20) | 5.21 | HIGH VOLATILITY | The high ATR as a percentage value for CVG.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 18.16 | NEGATIVE | The low ADX value for CVG.MI suggests a weak or negative trend. |
CVG.MI Chart- and CandleStick Pattern Analysis
CVG.MI Technicals: Chart, Performance Metrics, Trend & Indicators
BIT:CVG (4/7/2026, 7:00:00 PM)
1.7
-0.03 (-1.73%)
CONVERGENZE SPA SOCIETA BENE / CVG.MI TA 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 CVG stock?
CONVERGENZE SPA SOCIETA BENE (CVG.MI) has an RSI value of 40.5349. This indicates that the stock is currently neutral.
What is the short term momentum for CONVERGENZE SPA SOCIETA BENE (CVG.MI) stock?
The short term momentum for CONVERGENZE SPA SOCIETA BENE (CVG.MI) is negative.
What is the buy/sell signal for CONVERGENZE SPA SOCIETA BENE (CVG.MI) stock?
The buy/sell signal for CONVERGENZE SPA SOCIETA BENE (CVG.MI) is sell as both the short term and long term trends are negative.