Abstract: The control valve is applied to a shock absorber, which comprises: a pressure tube (10); a piston (14) dividing the pressure tube (10) in compression and traction chambers (CC, CT) communicating with each other through the piston (14); a hydraulic fluid reservoir (20) provided with a selective bidirectional fluid communication with the compressor chamber (CC). The control valve (VC) communicates the traction chamber (CT) with the reservoir (20) and comprises a tubular body (40) provided with at least one radial passage (41) opened to the interior of the tubular body (40) and to the reservoir (20); a shutter pin (60) to be axially displaced within the tubular body (40), between a closing position and different open positions of the control valve (VC) for communicating the traction chamber (CT) with the reservoir (20); and an actuator means (A) for axially displace the shutter pin within the tubular body (40).