Connect Group Plc (CNCT.L) Stock Technical Analysis
LON:CNCT - GB00B17WCR61
25
-0.2 (-0.79%)
Overall CNCT gets a technical rating of 6 out of 10. CNCT has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
CNCT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, CNCT outperforms 41% of them, which is more or less in line with the market.
CNCT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CNCT is lagging the market.
Although the technical rating is only medium, CNCT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 24.99, a Stop Loss order could be placed below this zone.
More info and screens
24.74
39.39
We found 1 important support area.
- A support zone ranging from 24.99 to 24.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 25.39 to 25.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @26.50 from a horizontal line in the daily time frame.
- Resistance @31.85 from a trend line in the weekly time frame.
- Resistance @32.59 from a trend line in the daily time frame.
- Resistance @35.35 from a horizontal line in the daily time frame.
- Resistance @39.00 from a horizontal line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for CNCT.L is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNCT.L is up. |
| ChartMill Relative Strength | 41.37 | NEUTRAL | CNCT.L is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNCT.L is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNCT.L is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNCT.L is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.19 | NEUTRAL | The RSI value for CNCT.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CNCT.L has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.12 | NEUTRAL | The Stochastics value for CNCT.L is a neutral value. |
| Average True Range in percent/ATR (20) | 4 | MEDIUM VOLATILITY | The ATR as a percentage value for CNCT.L suggests some volalility. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 25.55 | 24.99 | 0.56 (2.19%) | 25.00% |
| An entry @25.55. This is a Buy Stop order right above the resistance zone. | An exit @24.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.56 points, which is 2.19%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.55%. |
- The distance between exit and entry is rather small compared to the average daily movement of CNCT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
LON:CNCT (11/5/2020, 5:29:45 PM)
25
-0.2 (-0.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.79%
1 Week-3.29%
2 Weeks-1.19%
1 Month44.51%
3 Month35.14%
6 Month-13.04%
12 Month-34.73%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%4%
ATR Inc-91.41%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.37
Mansfield-2.81
10 Day High26.5
10 Day Low25
20 Day High26.5
20 Day Low17
52 Week High39.9
52 Week Low11.2
CS1 End24.99
CR1 Start25.39
Volume & EV
DER(3)0%
DER(5)0%
Volume369
Volume Incr-91.68%
Vol(5)2.44K
Vol(50)31.09K