CNVRG Technical Analysis
In this technical analysis for Converge ICT Solutions (CNVRG), I’ll show you the status of the six (6) indicators I monitor to know if the stock has a confirmed buy signal. If all six indicators are bullish, it means the stock has a confirmed buy signal according to my proprietary methodology.
I don’t follow the classical usage of technical indicators. I have my proprietary methodology in using certain technical indicators, which I call The Evergreen Strategy 2.0.
Getting a confirmed buy signal does not mean buying the stock right away. I must compute for my initial trailing stop and reward-to-risk ratio first.
The computation of my reward-to-risk ratio follows after computing for my initial trailing stop. I need to decide for the percentage of risk I’m willing to apply in that particular trade. This process must be done sequentially. To compute my reward-to-risk ratio, I need to identify the stock’s resistance.
For your convenience, I created the Trailing Stop Calculator and Reward-to-Risk Ratio Calculator, which you’ll find in the Calculators tab of the Library section of our website.
This CNVRG technical analysis gives you a sneak preview of my thought process in making a data-driven trade and investment decision. Subscribe to our stock market consultancy service to learn my entire methodology.
Let’s take a look at the ratings of the six indicators.
Price vs. 10-day Simple Moving Average (SMA)
Parameter 1: Is its last price moving above its 10-day simple moving average (SMA)?
Answer: NO
Volume
Parameter 3: Is its last volume bar higher than 50 percent of its 10-day volume average?
Answer: YES
Moving Average Convergence Divergence (MACD) vs. Signal Line
Parameter 2: Is its moving average convergence divergence (MACD) moving above its signal line?
Answer: NO
Volume-Weighted Average Price (VWAP)
Parameter 4: Is its last price equal or higher than its volume-weighted average price?
Answer: YES
Dominant Range Index (DRI)
Parameter 5: Is its Dominant Range Index bullish?
Answer: NO
Dominant Range Index: BEARISH
Last Price: 35.4
VWAP: 34.68
Dominant Range: 34.5 – 34.5
Market Sentiment Index (MSI)
Parameter 6: Is its Market Sentiment Index bullish?
Answer: YES
Market Sentiment Index: BULLISH
77 of the 100 participating brokers, or 77.00% of all participants, registered a positive Net Amount
47 of the 99 participating brokers, or 47.47% of all participants, registered a higher Buying Average than Selling Average
100 Participating Brokers’ Buying Average: ₱34.50990
100 Participating Brokers’ Selling Average: ₱34.72424
19 out of 100 participants, or 19.00% of all participants, registered a 100% BUYING activity
5 out of 100 participants, or 5.00% of all participants, registered a 100% SELLING activity
Verdict: CNVRG Technical Analysis
There is NO confirmed buy signal because not all six indicators are bullish. This doesn’t mean you should sell if you already have some shares of this stock. Refer to the fourth lesson of our Evergreen Strategy 2.0 for a refresher on what you should do.
Learn How to Invest INDEPENDENTLY and Trade TACTICALLY in the Philippine Stock Market
Let me mentor you through our stock market consultancy service. Learn my Evergreen Strategy in Trading and Investing in the Philippine Stock Market 2.0.
Click here to read the details of our stock market consultancy service.
Here’s what our clients say about us.
It is very helpful to long term investors like me
It is very helpful to long term investors like me to know what to buy and when to buy stocks for higher percentage of profit
His analytical style is very detailed and always shows references that supports his analysis.
His analytical style is very detailed and always shows references that supports his analysis. I can see that he is a very technical person and he has a lot of experiences and knowledge in the stock market that can help other people in this investment.
He has superior knowledge on stock trading.
I’m impressed of the way Mr. Jaycee do the analysis. It is always carefully and diligently studied with factual basis and evidence. He has superior knowledge on stock trading.
Truly exceptional analysis on stocks
Truly exceptional analysis on stocks,big help especially on beginners in stocks market
very helpful
very helpful
great and data driven
great and data driven
it's good, a lot aspiring trader and stock market enthusiast can learn from him
it’s good, a lot aspiring trader and stock market enthusiast can learn from him
...and I find it interesting and amusing
I’ve read your article about DITO cme and I find it interesting and amusing. I don’t have any background on investment but I think I understand it somehow. I just want to learn more.
Amazing, by the way he write his analysis, he seems like really talking to his reader.
Amazing, by the way he write his analysis, he seems like really talking to his reader. I think he will be a great mentor for a newbie like me.
give good advice
give good advice
- MA, BDO, ALI, URC, PX: Is Their Dominant Range Pointing to a Breakout? - March 14, 2025
- Tracking Market Sentiment: MTD Ratings for 30 Bluechip Stocks (March 2025) - March 13, 2025
- PSEi Stalls Below 6,260 as Market Awaits Political Shift - March 12, 2025
