DEFIANCE D T 2X LONG CVN ETF (CVNX) Stock Technical Analysis
NASDAQ:CVNX - Nasdaq - US88636R2141 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to CVNX. CVNX 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.
Although the technical rating is only medium, CVNX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
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19.37
When analyzing the support we can see 2 important areas.
- Support @20.95 from a trend line in the daily time frame.
- Support @19.57 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.32 to 22.86. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for CVNX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVNX is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | CVNX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CVNX is below the rising SMA(20). |
| Relative Strength Index/RSI (14) | 52.4 | NEUTRAL | The RSI value for CVNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests CVNX has a negative trend. |
| Stochastics (14,3) | 27.7 | NEUTRAL | The Stochastics value for CVNX is a neutral value. |
| Average True Range in percent/ATR (20) | 9.52 | HIGH VOLATILITY | The high ATR as a percentage value for CVNX suggests high volalility. |
| Average Directional Index/ADX (14) | 20.42 | NEUTRAL | The ADX value for CVNX suggests a possible start of a new trend. |
NASDAQ:CVNX (8/8/2025, 12:33:12 PM)
21.699
-1.15 (-5.04%)