{"id":329200,"date":"2024-08-29T06:49:00","date_gmt":"2024-08-28T22:49:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329200"},"modified":"2024-08-29T09:03:30","modified_gmt":"2024-08-29T01:03:30","slug":"technicals-talk-converge-information-and-communications-technology-solutions-inc-cnvrg-29-aug-2024-by-regina-capital-development-corp","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-converge-information-and-communications-technology-solutions-inc-cnvrg-29-aug-2024-by-regina-capital-development-corp\/","title":{"rendered":"Technicals Talk: Converge Information and Communications Technology Solutions, Inc. (CNVRG) &#8211; 29 Aug 2024 by Regina Capital Development Corp."},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"449\" src=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-29-at-9.02.33\u202fAM-1024x449.png\" alt=\"\" class=\"wp-image-329201\" srcset=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-29-at-9.02.33\u202fAM-1024x449.png 1024w, https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-29-at-9.02.33\u202fAM-768x337.png 768w, https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-29-at-9.02.33\u202fAM-1536x674.png 1536w, https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-content\/uploads\/2024\/08\/Screenshot-2024-08-29-at-9.02.33\u202fAM-2048x899.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Summary of Technical Analysis<\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Stock Code<\/strong><\/td><td>CNVRG<\/td><\/tr><tr><td><strong>Company Name<\/strong><\/td><td>Converge Information and Communications Technology Solutions, Inc.<\/td><\/tr><tr><td><strong>Broker<\/strong><\/td><td>Regina Capital Development Corp.<\/td><\/tr><tr><td><strong>Opinion Issued on<\/strong><\/td><td>29 Aug 2024<\/td><\/tr><tr><td><strong>Price Support<\/strong><\/td><td>PHP 14.22<\/td><\/tr><tr><td><strong>Price Resistance<\/strong><\/td><td>PHP 16.14<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>CNVRG continues its upward movement with the stock\u2019s price rallying above all moving averages. Intraday, it touched its 52-week high at 15.74, albeit closed at 15.38. <\/p>\n\n\n\n<p>Bulls continue to maintain their positions as MACD histograms continue to signal increasing buying pressure. The RSI at 84.73 indicates that the stock continues to bathe in the overbought region after several days, while climbing ATR levels indicate high levels of volatility for the stock. <\/p>\n\n\n\n<p>With the potential of correction, investors may opt to take profits by selling on rallies.<\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Our Partner Broker&#8217;s Recommendation<\/h2>\n\n\n\n<p>Sell on rallies.<\/p>\n\n\n\n<p>Support: 14.22.<\/p>\n\n\n\n<p>Resistance: 16.14.<\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:16px\"><em><em>This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about <a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/our-partner-brokers\/\">our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNVRG continues its upward movement with the stock\u2019s price rallying above all moving averages.<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-329200","post","type-post","status-publish","format-standard","hentry","category-technicals-talk","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329200"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329200\/revisions"}],"predecessor-version":[{"id":329203,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329200\/revisions\/329203"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}