CONVERGENZE SPA SOCIETA BENE (CVG.MI) Stock Technical Analysis
BIT:CVG • IT0005426215
Overall CVG gets a technical rating of 1 out of 10. CVG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 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: 90% 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 78% 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 1.68 - 2.38 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: CVG has an average volume of 24190 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.
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
1.59
We found 2 important support areas.
- Support @1.70 from a trend line in the daily time frame.
- A support zone ranging from 1.61 to 1.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance 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.
- A resistance zone ranging from 1.97 to 2.03. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 10.18 | NEGATIVE | CVG.MI has a low relative strength, it was outperformed by 89.82% 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) | UP | MIXED | The current price of CVG.MI is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 46.16 | 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) | 39.39 | NEUTRAL | The Stochastics value for CVG.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.89 | HIGH VOLATILITY | The high ATR as a percentage value for CVG.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 19.11 | NEGATIVE | The low ADX value for CVG.MI suggests a weak or negative trend. |
BIT:CVG (2/2/2026, 7:00:00 PM)
1.85
-0.01 (-0.54%)
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 1 / 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 CONVERGENZE SPA SOCIETA BENE (CVG.MI) stock?
CONVERGENZE SPA SOCIETA BENE (CVG.MI) has an RSI value of 46.164. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for CONVERGENZE SPA SOCIETA BENE?
The buy/sell signal for CONVERGENZE SPA SOCIETA BENE (CVG.MI) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for CONVERGENZE SPA SOCIETA BENE (CVG.MI) stock?
CONVERGENZE SPA SOCIETA BENE (CVG.MI) has a support level at 1.7 and a resistance level at 1.86. Check the full technical report for our detailed analysis of CVG.MI support and resistance levels.