CODE CHAIN NEW CONTINENT LTD (CCNC)

US19200A2042 - Common Stock

3.015  +0.06 (+2.2%)

Technical Rating and Analysis

1

We assign a technical rating of 1 out of 10 to CCNC. CCNC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
98% of all other stocks performed better in the past year than CCNC.
CCNC is part of the Trading Companies & Distributors industry. There are 52 other stocks in this industry, of which 94% are performing better than CCNC.
CCNC is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CCNC is lagging the market.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month CCNC has a been trading in the 1.80 - 3.23 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
CCNC Weekly chart
CCNC Daily chart
Setup Rating and Analysis

2

The technical rating of CCNC is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

Support and Resistance Analysis

2.98

3.05

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 3.02 to 3.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.05
Mansfield-7.78
10 Day High3.23
10 Day Low1.8
20 Day High3.23
20 Day Low1.8
52 Week High34.5
52 Week Low1.8
Performance
1 Week44.34%
2 Weeks54.22%
1 Month21.57%
3 Month-47.11%
6 Month-79.34%
12 Month-91.03%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.15
RSI(14)60.94
LBB1.52
UBB2.94
CCNC Daily chart

CODE CHAIN NEW CONTINENT LTD

NASDAQ:CCNC (1/9/2023, 7:00:02 PM)

3.015

+0.06 (+2.2%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg2.2%
1 Week44.34%
2 Weeks54.22%
1 Month21.57%
3 Month-47.11%
6 Month-79.34%
12 Month-91.03%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.29
ATR(20)%10.23%
ATR Inc
Range Today0.58
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High3.23
10 Day Low1.8
20 Day High3.23
20 Day Low1.8
52 Week High34.5
52 Week Low1.8
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume31.30K
Volume Incr84.23%
Vol(5)18.58K
Vol(50)99.60K