Convergeone Holdings Inc. (CVON) Technical Analysis
NASDAQ:CVON
Current stock price
CVON Technical Rating and Analysis
Overall CVON gets a technical rating of 6 out of 10. Although CVON is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, CVON is a bad performer in the overall market: 100% of all stocks are doing better.
- The long and short term trends are both positive. This is looking good!
- CVON is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- CVON is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- In the last month CVON has a been trading in a tight range between 12.28 and 12.55.
CVON Weekly and Daily overview Charts
CVON Setup Rating and Analysis
CVON has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 12.41, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
CVON Support and Resistance Analysis
9.26
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.30 to 12.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.35 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.61 to 12.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
CVON 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 | UP | POSITIVE | The long term trend for CVON is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVON is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | CVON has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CVON is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.05 | NEUTRAL | The RSI value for CVON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests CVON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.53 | NEUTRAL | The Stochastics value for CVON is a neutral value. |
| Average True Range in percent/ATR (20) | 0.71 | LOW VOLATILITY | The low ATR as a percentage value for CVON suggests low volalility. |
CVON Chart- and CandleStick Pattern Analysis
CVON Example Setup
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 |
|---|---|---|---|
| 12.64 | 12.29 | 0.35 (2.77%) | 25.00% |
| An entry @12.64. This is a Buy Stop order right above the resistance zone. | An exit @12.29. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.35 points, which is 2.77%. | For a 0.69% total portfolio risk, you can invest 25.00% 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.
CVON Technicals: Chart, Performance Metrics, Trend & Indicators
12.44
0 (0%)
Convergeone Holdings Inc. / CVON TA FAQ
What is the technical rating for CVON stock?
ChartMill assigns a technical rating of 6 / 10 to CVON.
What is the current trend direction of Convergeone Holdings Inc. (CVON) stock?
The current trend direction for Convergeone Holdings Inc. (CVON) is Bullish.
What is the RSI signal for CVON stock?
Convergeone Holdings Inc. (CVON) has an RSI value of 64.0529. This indicates that the stock is currently neutral.
What is the buy/sell signal for CVON stock?
The buy/sell signal for Convergeone Holdings Inc. (CVON) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for Convergeone Holdings Inc.?
Convergeone Holdings Inc. (CVON) has a support level at 12.41 and a resistance level at 12.61. Check the full technical report for our detailed analysis of CVON support and resistance levels.