CONVERGENZE SPA SOCIETA BENE (CVG.MI) Stock Technical Analysis
Europe - Euronext Milan - BIT:CVG - IT0005426215 - Common Stock
We assign a technical rating of 4 out of 10 to CVG. In the past year, CVG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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
1.60
We found 1 important support area.
- A support zone ranging from 1.62 to 1.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.89 to 1.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.95 to 2.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.07 to 2.11. 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 | NEUTRAL | NEUTRAL | The short term trend for CVG.MI is neutral. |
| ChartMill Relative Strength | 18.31 | NEGATIVE | CVG.MI has a low relative strength, it was outperformed by 81.69% 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 | MIXED | The current price of CVG.MI is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 45.67 | 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. |
| Stochastics (14,3) | 3.62 | OVERSOLD | The low Stochastics value suggests CVG.MI may be oversold. |
| Average True Range in percent/ATR (20) | 5.95 | HIGH VOLATILITY | The high ATR as a percentage value for CVG.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 24.19 | NEUTRAL | The ADX value for CVG.MI suggests a possible start of a new trend. |
BIT:CVG (12/23/2025, 7:00:00 PM)
1.72
-0.25 (-12.69%)
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 4 / 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 Bearish.
Can you provide the RSI signal for CONVERGENZE SPA SOCIETA BENE?
CONVERGENZE SPA SOCIETA BENE (CVG.MI) has an RSI value of 45.6706. 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 -0.024869, 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.