CONVERGENZE SPA SOCIETA BENE (CVG.MI) Stock Technical Analysis
Europe - BIT:CVG - IT0005426215 - Common Stock
2.1 EUR
+0.08 (+3.96%)
Taking everything into account, CVG scores 6 out of 10 in our technical rating. 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.
75% of all other stocks performed better in the past year than CVG.
CVG is part of the Diversified Telecommunication Services industry. There are 30 other stocks in this industry, of which 65% are performing better than CVG.
Warning: CVG has an average volume of 24980 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
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 1.78 - 2.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, CVG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 2.02, a Stop Loss order could be placed below this zone.
More info and screens
1.61
2.27
We found 4 important support areas.
- A support zone ranging from 1.96 to 2.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.86 to 1.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.80 from a horizontal line in the daily time frame.
- Support @1.63 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.17 from a trend line in the daily time frame.
- 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 | UP | POSITIVE | The short term trend for CVG.MI is up. |
| ChartMill Relative Strength | 25.34 | NEGATIVE | CVG.MI has a low relative strength, it was outperformed by 74.66% 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) | 57.28 | NEUTRAL | The RSI value for CVG.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CVG.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.56 | NEUTRAL | The Stochastics value for CVG.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.5 | HIGH VOLATILITY | The high ATR as a percentage value for CVG.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 28.8 | POSITIVE | The high ADX value value for CVG.MI suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.18 | 1.95 | 0.23 (10.55%) | 9.48% |
| An entry @2.18. This is a Buy Stop order right above the resistance zone. | An exit @1.95. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.23 points, which is 10.55%. | For a 1.00% total portfolio risk, you can invest 9.48% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BIT:CVG (9/25/2025, 7:00:00 PM)
2.1
+0.08 (+3.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg3.96%
1 Week-2.78%
2 Weeks10.53%
1 Month10.53%
3 Month20.69%
6 Month17.32%
12 Month-32.26%
2 Year18.64%
3 Year-29.05%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%5.5%
ATR Inc-32.26%
Range Today0.08
ADR(20)0.09
ADR(20)%4.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.34
Mansfield-2.75
10 Day High2.38
10 Day Low1.95
20 Day High2.38
20 Day Low1.78
52 Week High3.76
52 Week Low0.98
CS1 End2.02
CR1 Start2.17
Volume & EV
DER(3)0%
DER(5)0%
Volume31.50K
Volume Incr-58.48%
Vol(5)19.10K
Vol(50)24.98K