CODE CHAIN NEW CONTINENT LTD (CCNC) Technical Analysis
NASDAQ:CCNC • US19200A2042
Current stock price
CCNC Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to CCNC. CCNC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, CCNC is a bad performer in the overall market: 98% of all stocks are doing better.
- CCNC is part of the Trading Companies & Distributors industry. There are 47 other stocks in this industry, of which 93% 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.
CCNC Weekly and Daily overview Charts
CCNC Setup Rating and Analysis
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.
More info and screens
CCNC Support and Resistance Analysis
2.98
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.
CCNC Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CCNC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CCNC is neutral. |
| ChartMill Relative Strength | 2.05 | NEGATIVE | CCNC has a low relative strength, it was outperformed by 97.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CCNC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CCNC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CCNC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.94 | NEUTRAL | The RSI value for CCNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests CCNC has a positive trend. |
| Stochastics (14,3) | 84.26 | OVERBOUGHT | The high Stochastics value suggests CCNC may be overbought. |
| Average True Range in percent/ATR (20) | 10.23 | HIGH VOLATILITY | The high ATR as a percentage value for CCNC suggests high volalility. |
| Average Directional Index/ADX (14) | 13.1 | NEGATIVE | The low ADX value for CCNC suggests a weak or negative trend. |
CCNC Chart- and CandleStick Pattern Analysis
CCNC Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:CCNC (1/9/2023, 8:00:02 PM)
3.015
+0.06 (+2.2%)
CODE CHAIN NEW CONTINENT LTD / CCNC TA FAQ
What is the ChartMill technical rating of CODE CHAIN NEW CONTINENT LTD (CCNC) stock?
ChartMill assigns a technical rating of 1 / 10 to CCNC.
What is the trend direction for CCNC stock?
The current trend direction for CODE CHAIN NEW CONTINENT LTD (CCNC) is Bearish.
What is the RSI signal for CODE CHAIN NEW CONTINENT LTD (CCNC) stock?
CODE CHAIN NEW CONTINENT LTD (CCNC) has an RSI value of 60.9391. This indicates that the stock is currently neutral.
What is the MACD signal for CODE CHAIN NEW CONTINENT LTD (CCNC) stock?
The MACD indicator for CODE CHAIN NEW CONTINENT LTD (CCNC) has a value of 0.153901, indicating a bearish trend.
Can you provide the short term momentum for CODE CHAIN NEW CONTINENT LTD?
The short term momentum for CODE CHAIN NEW CONTINENT LTD (CCNC) is neutral.