In this paper, technical code analysis and recognition of the defect signal of the suppression rigging based on a convolutional neural network are carried out given the difficulty and low recognition rate of the defect detection and recognition of the suppression rigging. Firstly, the magnetic induction signal of the suppression rigging defects is collected using CM-801 (Anshan, China), Kalman filtering is used to screen and pre-process the collected data, and the noise reduction data are presented in the form of a cloud image. The pressed rigging defect data set is constructed, and the region of broken wire defect and stress in the image is calibrated. The single-stage object detection algorithm YOLOv5 (You Only Look Once) based on convolutional neural network model calculation is used, the scale detection layer and positioning loss function of the YOLOv5 algorithm are improved and optimized, and the improved YOLOv5 algorithm is used for experiments. The experimental results show that the detection accuracy of the convolution neural network model can reach 97.1%, which can effectively identify the defect signal of the suppressed rigging.